Australia currently has about 33 GW of solar, and 9 GW of wind generation capacity installed.
Australian federal government is to seek 10 gigawatts of new wind and solar capacity this year, along with 3 GW of dispatchable (storage with 4 hours) capacity
comprising a 6 GW tender for wind and solar in the next quarter, and another 4 GW in the second half of the year
federal and state governments agreed last year to expand the CIS to 32 GW, which would include 23 GW of new generation and an expanded target of 9 GW of dispatchable capacity, broadly described as four hours of storage.
plan for the CIS program is to hold tenders every six months, and basically lock in projects by 2027 so they can be built by 2030
Christiaan Zuur, from the Clean Energy Council, estimates that the 23 GW of renewable capacity sought through the CIS will equate to $52 billion of investment, and the 9 GW of dispatchable capacity will represent another $15 billion.