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Canberra Plans To Invest In Renewable Energy

Australian capital, Canberra, is set for a large-scale renewable-energy auction to guarantee its 100 per cent renewables target in the mid-2020s. The bids opened on 15th November and will remain open until early 2020. At present, more than 100 megawatts of solar generating capacity is operational within the territory, with four large solar farms within 30 minutes’ drive of central Canberra.

Australia’s largest community solar farm is under development at Majura Valley. The three-hectare facility will consist of 5,000 solar modules, generating power for approximately 250 Canberra homes. The Australian Capital Territory (ACT) is a major destination for investment in world-class clean energy. To meet its existing energy target, the ACT government has already attracted more than A$2 billion of investment in large-scale renewables. ACT is one of the fastest-growing areas in Australia, with an economy expanding by 12% over the past three years. The population, currently 440,000, is also rising briskly.