Victoria pledges nation’s most ambitious renewable energy storage targets

The Andrews government says the renewable energy storage goals will help Victoria meet its target of halving emissions – using a 2005 baseline – by 2030, and achieve net zero emissions by 2050. Photograph: Mick Tsikas/EPA

The Andrews government has pledged to legislate Australia’s largest renewable energy storage targets in a bid to accelerate the state’s transition to renewables and lower power prices.

Under the targets, Victoria would reach 2.6 gigawatts of renewable energy storage capacity by 2030 and 6.3 gigawatts of storage by 2035 – enough to power about half of Victoria’s current homes at their peak energy usage.