The Australian Government has increased the Capacity Investment Scheme target to 40 GW by 2030 to accelerate investment in renewable generation and energy storage infrastructure.
The Australian Government has announced a significant expansion of its flagship Capacity Investment Scheme (CIS), lifting the target from 32 GW to 40 GW of renewable energy generation and dispatchable storage capacity by 2030.
The increase includes an additional 8 GW of capacity aimed at boosting investment in solar, wind and energy storage projects, supporting Australia’s broader clean energy goals and helping the country reach an 82 % share for renewables in its electricity mix.
This expanded CIS is expected to underpin substantial private investment—around AU$21 billion in storage and nearly AU$52 billion in solar and wind technologies—while stimulating job creation and supply chain opportunities across the clean energy sector.
The program continues to use competitive tenders to underwrite long-term revenue certainty for successful projects, with multiple rounds already oversubscribed, demonstrating strong market interest and momentum in Australia’s energy transition.
