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Pioneer investment - market search underway

The Victorian Government is kickstarting the State Electricity Commission (SEC) with a search for a pioneer investment in renewable energy generation and storage.

The SEC has released the Pioneer Investment Mandate, which details the project criteria to guide the first investment.

The process calls for Registrations of Interest (ROI) from market participants to identify suitable renewable energy generation and storage projects across Victoria.

The market search will also help build a pipeline of longer-term investment opportunities, generating thousands of jobs and billions in investment while helping Victoria achieve its nation-leading renewable energy and storage targets.

The successful project must be in Victoria and contribute to the SEC’s objectives of accelerating the transition to renewables.

The market search is targeting proven renewable energy and/or storage technologies, capable of delivering commercial returns with construction to begin as soon as possible.

There is a minimum target of 100 MW in size, with a preference for larger capacity. The Pioneer Investment/s may involve a portfolio of multiple projects aggregating to a larger capacity.

The government owned SEC will invest strategically to accelerate Victoria’s energy transition in partnership with the private sector.

For more information about the project criteria and upcoming market search process, see the Pioneer Investment Mandate.

How to participate

For developers/proponents interested in participating in the market search, please download the Registration of Interest (ROI) form above and make a submission before 3 pm on 15 May 2023.

If you have any queries on the upcoming ROI and market search process, please email them to

Make a submission

Reviewed 05 May 2023

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