A flurry of battery hybrids: 19 renewables projects gain federal backing
Will the federal Capacity Investment Scheme renewables projects create more work for tradies?
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.
Why it matters
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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