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Large-scale Renewable Energy Target

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02 June 2015
RET

The Large-scale Renewable Energy Target creates a financial incentive for the establishment and growth of renewable energy power stations, such as wind and solar farms, or hydro-electric power stations. It does this through the creation of large-scale generation certificates.

Large-scale generation certificates are created based on the amount of eligible renewable electricity produced by the power stations, and can be sold or traded to Renewable Energy Target liable entities, in addition to their sale of electricity to the grid. Liable entities have a legal obligation to buy and surrender large-scale generation certificates to the Clean Energy Regulator on an annual basis.

Eligibility

To participate under the Large-scale Renewable Energy Target, power stations must generate their electricity from approved sources such as solar energy, wind, ocean waves and the tide.

Electricity generated from fossil fuels, or waste products derived from fossil fuels, is not eligible for large-scale generation certificates.

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