A flurry of battery hybrids: 19 renewables projects gain federal backing
19 renewable energy projects have received federal backing under Tender 7 of the Capacity Investment Scheme, with battery hybrid projects dominating at eight of the 19 awarded contracts.
8 of 19 projects funded under CIS Tender 7 are battery hybrid projects, signalling a shift in federal renewable energy investment.
Will the federal Capacity Investment Scheme renewables projects create more work for tradies?
Electricians and builders may see increased work opportunities as new renewable energy infrastructure projects get underway across Australia.
Key takeaways
- 19 renewable energy projects have secured federal funding under the Capacity Investment Scheme Tender 7.
- Battery hybrid projects are the dominant technology, taking 8 of the 19 funded spots.
- The Capacity Investment Scheme is a key federal mechanism for backing new energy infrastructure.
- Increased renewables infrastructure could drive demand for electricians and construction trades.
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