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Large-scale Renewable Energy Target

28 March 2017
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-elect​ric 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 Energ​y Re​gulator on an annual basis.

The number of large-scale generation certificates required to be submitted by electricity retailers is set each year by the renewable power percentage​.

Eligibility

To participate under the Large-scale Renewable Energy Target, power stations must generate their electricity from ​eligible renewable energy 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.

Large-scale Renewable Energy Target market data

Investment in the renewables industry is dependent on the long-term economics of specific projects and is influenced by a range of market factors. Investors make informed decisions by analysing the available market data.

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