Written by Squadron Energy |

Squadron Energy has endorsed the federal government’s planned expansion of the Capacity Investment Scheme to include variable renewable projects.

“Providing certainty is key to boosting investor confidence in Australia’s renewable energy rollout,” said Squadron Energy CEO Jason Willoughby.

“Today’s announcement that the Capacity Investment Scheme will expand to include 23GW of new renewable capacity is a welcome move to ensure the industry moves at pace to deliver much needed renewable energy generation.

“Replacing ageing and unreliable coal-fired generation with firmed renewable energy is key to bringing affordable, reliable and clean electricity to Australian households and businesses.

“Squadron Energy is committed to delivering one-third of the Federal Government’s target of 82% renewable energy by 2030.

“Importantly we believe gas will still play a small but important role in the clean energy transition and remain committed to delivering a major pipeline of renewable energy projects backed up by a combination of battery energy storage systems and gas firming projects designed with a hydrogen future in mind.”


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