The third Emissions Reduction Fund auction will be conducted by the independent Clean Energy Regulator on April 27 and 28, 2016.
The Clean Energy Regulator has already held two successful auctions, securing 92.8 million tonnes of emissions reduction at an average price of $13.12.
The average price of the first auction was $13.95 per tonne of emissions reduction. The average price of the second auction was $12.25 per tonne.
Interested business groups are encouraged to register online at www.environment.gov.au/emissions-reduction-fund
Environment Minister, Greg Hunt, also announced federal government funding totalling $22.8 million for a new $69 million utility-scale solar farm in rural Queensland.
"The project is set to provide a real-time example of how renewables can benefit fringe-of-grid electricity networks and users," Hunt said.
The funding is being made available through the Australian Renewable Energy Agency with up to $20 million debt finance coming from the Clean Energy Finance Corporation.
Hunt said the 20 MW AC (25 MW DC) Barcaldine Regional Community Solar Farm would draw on single-axis tracking technology to help generate power for the region.
"The solar panels are designed to tilt in the direction of the sun as it crosses the sky, maximising the effectiveness and efficiency of each of the 79,000 solar modules," he said.
"Enough energy to power 5,300 households will be fed into the local grid to be used by homes and businesses in the Barcaldine area."
As well as helping to advance grid-connected large-scale solar in Australia, Hunt said the project will produce 56,000 KWh of clean energy each year and save an estimated 42,500 tonnes of CO2.
Federal Member for Maranoa Bruce Scott said the new solar farm would provide up to 175 jobs during the construction phase.