Western Australia has recently committed to a Renewable Energy Transformation Agreement (RETA) that will see the underwriting of significant renewable energy projects. The federal funding agreement will support the development of 6.5 terawatt hours of new wind and solar generation, along with 1.1 gigawatts of energy storage in the state. The focus of this initiative is on meeting the future electricity demands for green iron, hydrogen, and ammonia production. Despite concerns raised by critics regarding the increase in wholesale electricity prices and a projected gas shortfall between 2024 and 2029, Western Australia remains determined to phase out coal-fired power plants by 2030. The state is actively investing in new solar, wind, and battery infrastructure, with plans to further decarbonize its energy sector through the capacity investment scheme. Energy Minister Chris Bowen emphasized the success of the national tender and the importance of transitioning towards a reliable and resilient energy system. This move is part of a broader effort to shift away from fossil fuels and towards sustainable energy sources. The procurement of additional energy storage is seen as crucial for ensuring stability in the power grid, especially during peak demand periods. The federal capacity scheme is expected to support the power needs of households and businesses, with a significant portion allocated to RETAs tailored for each state's requirements. State governments have been cautioned about potential re-allocation of subsidies if commitments under the agreements are not met, highlighting the importance of meeting renewable energy targets for a sustainable future.