Australian Government Announces $10 Billion Renewable Energy Investment Scheme

Australian Government Announces $10 Billion Renewable Energy Investment Scheme
Australian Federal Energy Minister Chris Bowen speaks to media following an energy ministers meeting in Melbourne, Australia, on Oct. 28, 2022. AAP Image/Diego Fedele
|Updated:

The Albanese government has received approval from state and territory governments to establish a scheme that will drive investment into renewable dispatch capacity as energy prices soar.

Federal Energy Minister Chris Bowen announced that a capacity investment scheme will ensure renewable energy reliability.