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Energy transition milestones

2023

Victoria powered by 38% renewable energy

SEC Strategic Plan confirmed

SEC announces Pioneer investment

SEC entity and board established

Constitutional enshrinement Bill to go before parliament

SEC builds awareness of career opportunities in renewable energy through engagement with students at career days and events - ongoing

2024

New homes requiring a planning permit to be all-electric

SEC to pilot first household electrification offering

Electric vehicle charging stations to be installed across regional Victoria

SEC continues to build pipeline of potential assets and technologies aligned with short and long-term supply strategy

Victorian Energy Jobs Plan released

2025

SEC to begin servicing government electricity requirements

SEC to expand household electrification offering

SEC Centre of Training Excellence implementation

Achieve 28-33% reduction in greenhouse gas emissions

2028

Yallourn Power Station to close

2030

Victoria powered by 65% renewable energy

Achieve at least 2.6 GW of renewable energy storage capacity

Achieve 45% reduction in greenhouse gas emissions

2035

Victoria powered by 95% renewable energy

Achieve at least 6.3 GW of renewable energy storage

Generate 4 GW of capacity from off-shore wind

Loy Yang A power station to close

Achieve 75-80% reduction in greenhouse gas emissions

SEC target of 4.5 GW

2040

Generate 9 GW of capacity from off-shore wind

2045

Achieve economy wide net-zero greenhouse gas emissions by 2045