Australia’s first CIS auction attracts 40 GW of new renewable energy proposals 

Australia’s inaugural National Capacity Investment Scheme (CIS) auction has attracted significant interest. Investors propose 40 GW of new renewable energy projects, including wind and solar power. 

In an email shared with PV Magazine, Australian Federal Energy Minister Chris Bowen said, “The first auction of the Capacity Investment Scheme, which will support 6 GW of new power, has received more than 40 GW of project registrations.