Australia Boosts Clean Energy Plan to Meet Lofty Renewables Goal
The government's Capacity Investment Scheme, which guarantees project builders a minimum power price, will support another 3 gigawatts of renewable generation — enough to supply 1 million homes, Energy Minister Chris Bowen is due to announce later on Tuesday. It will also back 5 gigawatts of energy storage, which will support an additional A$21 billion ($14 billion) of investment.
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