Canberra’s push to become Australia’s solar capital seems to finally be on track as the ACT government is receiving 49 submissions to provide large-scale solar energy. These included a variety of solar technology options at different production capacities and prospective providers were also asked to bid for the right to build a 40 megawatt solar plant. This competitive auction would invite applicants to set their own tariffs through a competitive auction.
The process for the submissions for solar energy included a prequalification stage which shortlisted companies with the best capacity and track record to deliver the project. The companies would then be invited to compete to provide solar energy to ACT, and are also able to bid for the 20 megawatts of entitlements as part of the “fast track” investment stream.
The emerging solar industry in Australia would greatly benefit from this project and is said to be more efficient than the grants based program. This method of auctioning is also being adopted in other countries such as Europe, India, China, US and Africa.
With these new programs in place, we could potentially see the solar industry in the ACT new heights as well as further build up the solar industry around Australia, as more efficient companies bid for the right to provide solar as well as set their own competitive tariff rates.
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