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
