Canberra energy auction funds battery storage in homes
Author: ABC News Date Posted:1 April 2016
Simon Corbell says the auction will provide a cash injection for battery storage
A new ACT Government renewable energy auction will help pay for battery storage in thousands of Canberra homes.
The auction for 109 megawatts of renewable energy feed-in tariff capacity begins today.
Minister for the Environment and Climate Change Simon Corbell said it would complete the Territory's investment to meet its commitment of using renewable sources to supply 90 per cent of Canberra's electricity needs by 2020.
He said successful bidders would provide the money needed to establish a photovoltaic battery storage program in the ACT.
"We expect up to $25 million to be available to support about 26MW of battery storage to be rolled out in more than 5,000 Canberra homes and businesses over the next four years," Mr Corbell said.
