Industry and states welcome Albanese government’s plan to jump-start stalled renewables investment

Albanese government's expansion of investment scheme is designed to attract financial investment in new wind and solar farms

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The Albanese government's plan to turbo-charge the development of renewable energy has been described as a landmark" policy for the nation's transition away from fossil fuels and has been broadly welcomed by industry and state governments.

The energy minister, Chris Bowen, revealed a capacity investment scheme originally aimed to support 6GW of batteries and other storage would be expanded to 32GW. Of that total, 23GW would be for new wind and solar farms, with 9GW for storage.

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