The Capacity Investment Scheme (CIS) South Australia-Victoria (SA-Vic) tender is now open for bids.
The tender is seeking bids for up to 600 MW of 4-hour equivalent (or 2,400 MWh) of dispatchable capacity. Projects must be located in South Australia or Victoria and have a minimum storage duration of 2 hours and a minimum size of 30 MW.
This tender intends to allocate:
800 MWh to SA
800 MWh to Vic
an additional 800 MWh allocated to either SA or Vic.
The tender is merit-based and will progress in 2 stages:
Stage A – Project bids (closing on 5pm AEDT, 23 February 2024)
Stage B – Financial value bids (April 2024 TBC)
Projects that are successful under the CIS SA-Vic tender will deliver clean, dispatchable capacity to our electricity grid before the end of 2027. This will help build a more reliable, affordable and low-emissions energy system for all Australians.
AEMO Limited, together with its subsidiary AEMO Service Limited (ASL) will administer the competitive CIS SA-Vic tender on behalf of the Australian Government and make recommendations. The Australian Government will select the projects to receive revenue support under the CIS based on AEMO’s recommendations.
Source : dcceew
