The ACT – the territory that includes Australia’s capital city Canberra – plans to procure 200MW of wind power via the auction, its second for the renewable source.
Environment minister Simon Corbell said: “Our early review of bid pricing indicates we are still in a very strong buyers’ market.
“The strong competition for the feed-in tariff was created as a result of the ACT’s unique reverse auction process, combined with very limited long-term contracting opportunities available under the Commonwealth’s Renewable Energy Target (RET).”
The
