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Investments

By 2035 Victoria will need 25 GW of new renewable energy and storage capacity. SEC will contribute to this by investing to deliver 4.5 GW in new renewable energy generation and storage.

SEC’s work is helping ensure Victorian households and businesses continue to have the power they need as we transition to renewable energy.

This includes working with the industry to invest in wind and solar electricity generation and energy storage.

We retail 100% renewable electricity to schools, hospitals and other Victorian Government operations

And offer competitive 100% renewable energy products to commercial and industrial customers so they can achieve their decarbonisation commitments.

Finally, we are exploring investment opportunities in new and emerging technologies that improve efficiency and will help Victoria maintain reliable and affordable energy in the long-term.

SEC’s investment principles

To deliver the greatest benefit, we have committed to applying three principles when making investment decisions. These are:

Our projects

SEC is investing to deliver 4.5 gigawatts in new renewable energy generation and storage by 2035. With over a gigawatt in committed projects, we are well on track to achieve our goal.

Key benefits across our projects:

Enough to power:

381,000+

homes

Deliver:

700

megawatts of storage capacity

Generation capacity:

324

megawatts of renewable energy

Create:

700+

full-time equivalent jobs

Melbourne Renewable Energy Hub
A $245 million investment in one of the world’s biggest battery projects.
SEC Renewable Energy Park
A 100% publicly owned solar and battery project in Victoria’s west.
SEC Delburn Wind Farm
A 33-turbine wind farm supplying up to 205 megawatts of renewable electricity.

How we invest:

SEC assesses its investments against criteria that enable us to navigate market uncertainty while remaining anchored to our guiding principles.

These criteria help ensure our projects achieve sustainable returns and provide broader benefits to the Victorian public, while enabling more renewables to be built, further accelerating the energy transition.

Our role as a market participant

SEC complements the growing renewable energy market by working and partnering with industry to identify projects that will deliver renewable energy, jobs and value for Victorians.

Over time, we will investigate longer-term supply options, such as securing rights for long duration energy storage, and other renewable firming capabilities.

Our flexibility supports us to meet emerging industry needs and take advantage of new technologies.