Victoria to Establish Solar Feed-in Tariff (Oz)

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http://www.solarbuzz.com/News/NewsASGO86.htm

Victoria is set to become Australia’s solar state through a plan to increase Victoria’s electricity supply from large scale-solar power to five per cent by 2020, Premier John Brumby announced today.

The solar initiatives will complete a three-pronged approach to meeting the five per cent solar target through driving investment in small, medium and large scale generation, coupled with established initiatives including:

• The Brumby Labor Government’s $50 million contribution towards the $450 million large-scale solar project being delivered by Silex, as well as the Premium Feed-in Tariff for Households; and

• The Brumby Labor Government’s contribution of $100 million towards a Victorian Solar Flagships bid and the rollout of 10 projects from the $5 million Solar Hubs program announced in the Jobs For The Future Economy: Green Jobs Action Plan.

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“This commitment to a sustainable future for Victoria should see the establishment of between five and 10 large solar plants across regional Victoria,” Mr Brumby said. “As a result of this initiative, Victoria will have up to 25 per cent of its power coming from renewable energy by 2020. This initiative will also provide new economic opportunities in regional Victoria, generating between $1.5 and $2 billion in new solar investment in Victoria.”

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