Victoria’s transition to a modern and renewable energy future is already underway. The Victorian Renewable Energy Target (VRET) will support new large-scale renewable energy generation investment in the state and transition Victoria to a clean energy future.
The VRET auction scheme will deliver the great majority of new renewable energy generation required to meet the targets, particularly 40 per cent of renewable generation by 2025. The auction is expected to generate significant investment and jobs in regional Victoria.
The purpose of this guide is to set out the Victorian government’s expectations for the renewable energy industry, and to help assist developers to best engage and share benefits with the communities that will host these renewable energy projects.