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The Guardian - AU
The Guardian - AU
National
Adeshola Ore

Victorian government urges more investment in renewables as revived SEC won’t be enough to reach target

File photo of Wonthaggi Wind Farm in Victoria, Australia
Energy minister Lily D’Ambrosio has assured business leaders Victoria’s SEC will not crowd out the market for private investment in renewable energy. Photograph: Quinn Rooney/Getty Images

Victoria’s energy minister has urged private companies to help do the heavy lifting in the state’s transition to renewable energy, saying the revived public State Electricity Commission (SEC) will not crowd out the market.

Lily D’Ambrosio told an industry event on Wednesday that less than a quarter of the renewable energy required to meet the state’s 2035 emissions reduction target would come from the SEC, and called for investment to produce the remaining 20.5 gigawatts that is needed.

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