Australian government launches largest-ever renewable energy tender for 6 GW under CIS, targeting 82% renewable energy by 2030.

The Australian government has launched the largest-ever single tender for renewable energy as part of its expanded Capacity Investment Scheme (CIS), aiming for 82% renewable energy by 2030. The tender targets 6 gigawatts (GW) of new variable renewable energy projects for the National Electricity Market (NEM), with a deal signed for 2.2 GW of renewable energy for New South Wales (NSW), powering one million households. The CIS is set to cost $67 billion (US$43 billion) to taxpayers between 2024 and 2027.