Nexa Advisory Welcomes Expansion of the Capacity Investment Scheme (CIS)
Today’s announcement of an increase in the CIS is a strong signal to renewable energy developers and investors that Australia is serious about accelerating the energy transition.
Stephanie Bashir, CEO of Nexa Advisory, highlighted the importance of this move:
“The increase in storage capacity is incredibly useful as transmission continues to be the missing link. If this can be used to deploy large-scale batteries—acting as virtual transmission—it will help unlock renewable generation and address one of the biggest challenges we face.”
With major coal closures like Eraring and Yallourn on the horizon, coordinated action between Federal and State governments is critical. We must act now to ensure replacement capacity is delivered on time to deliver clean, reliable and affordable power to all consumers.
See the full media release here: Nexa Advisory media release – Capacity mechanisim and post-2030 reforms