 |
| Ararat wind farm in western Victoria (Renew Economy) |
The Victorian Renewable Energy Target (VRET) of 50 per cent by 2030 was written into law by the state parliament in late October, 2019. It is an initiative of the Andrew’s Labor government. They plan to have 25% renewable energy by 2020 and 40% by 2025 as interim steps.
It is a clear signal to industry to keep investing in renewables; particularly in rural districts. It is expected that the VRET will create around 24,000 jobs by 2030 and provide certainty and investor confidence in the renewable energy industry, which itself is expected to drive an additional $5.8 billion in economic activity for the state.
Read more: Victoria 50% by 2030 renewable energy target voted into law. Renew Economy, October 30, 2019.
No comments:
Post a Comment