According to the Labor Party, the fund is designed to encourage investment in the renewables sector and the development of technology for the generation and storage of clean energy, such as new blade technology and advanced solar energy.

Details on how the fund will operate have not been released.

The party also says it plans to restart the industry in Victoria and support jobs by reducing the dwelling buffer zone for wind projects from 2 km to 1 km and allowing the development of community wind farms in the Macedon Ranges.

The party says it plans to “review legislation and programs to commit to an ...