Australia’s largest-ever single tender for renewable energy projects is scheduled to start its first auction in late May, as announced by the federal government on 22 April 2024.
This tender, under the National Capacity Investment Scheme (CIS), aims to add 6 GW of new variable renewable energy projects to the National Electricity Market (NEM). Notably, at least 2.2 GW will be secured for NSW, and 300 MW will be exclusively allocated to South Australia.
A market briefing that details the tender process will be released in early May.
The table below sets out information on the upcoming tenders under the CIS and NSW LTESA tender under the NSW Roadmap, which is now being run in parallel with the CIS.
Future tender rounds will occur in the NEM approximately every six months until 2027.
Upcoming Tenders
| Time | Tender | Information |
| Late May, 2024 | First CIS tender (6 GW) | Market briefing is expected to be released in early May. |
| Q2, 2024 | NSW LTESA tender (under NSW Roadmap) | Tenders for generation projects will be replaced and included in the CIS.
NSW will proceed with scheduled long-duration storage infrastructure tender and access rights award for NSW’s Central West Orana and South-West Renewable Energy Zones. |
| Mid-year, 2024 | WA CIS tender | 500MW of dispatchable power through storage for renewables is targeted. |
The Hamilton Locke New Energy team will follow up with updates on the CIS tenders in the coming months.
If you are unsure where your project stands, or to stay informed on the evolving challenges and opportunities in the renewable energy sector, please reach out to our experts Matt Baumgurtel and David O’Carroll.
The Hamilton Locke team advises across the energy project life cycle – from project development, grid connection, financing, construction, including the buying and selling of development and operating projects. For more information, please contact Hamilton Locke New Energy Partner Matt Baumgurtel.
