Australia’s renewable capabilities and the Australian Energy market

The IEA warns that the clean energy transition is speeding up, but grid and flexibility investments aren’t keeping pace.

The Australian Federal Government has announced a 25% expansion of its flagship Capacity Investment Scheme (CIS), raising the capacity underwriting target from 32GW to 40GW by 2030. The additional 8GW comprises 5GW of dispatchable storage – mostly large-scale batteries – and 3GW of new solar and wind generation, equivalent to powering an extra million households.

We recently announced our landmark partnership with APG Asset Management, one of the world’s largest pension funds, and their intention to...