Australia's first Indigenous-owned retail energy provider is set to power Victoria's biggest road project.

Yurringa Energy, established in 2018 to be Australia's first First Nations-owned and operated retail energy provider offering supply of energy to commercial and industrial markets, has secured the energy supply contract for the North East Link.

In partnership with Alinta Energy, Yurringa Energy will deliver 100 per cent renewable power during the construction of the North East Link's tunnels.

Putting in a competitive bid for the contract, Yurringa chief executive and Yorta Yorta and Wemba Wemba man, Daniel Briggs, said they were "pleasantly surprised" when they won the contract, beating the "big boys in town".

Most importantly, it was won on merit.

He said other First Nations countries across the globe had demonstrated "real progress around economic development for Aboriginal people".

"By virtue of being in different industries and building that sort of wealth, both financially and…resource wise, where they can actually do that," he said.

"They're not reliant solely on…government funded type roles or identified roles within those sort of government agencies.

"We're now seeing…Indigenous private enterprise broaden and expand [in Australia]— which is fantastic. That's how you turn the dial…that's how you close the gap."

Highlighting the hard work Yurringa have done - going from a new company in 2018 to holding the contract for one of the biggest projects in Victoria - Mr Briggs said one of the challenges is "simply around Aboriginal people having that equitable position to be able to get some skin in the game".

"It's been challenging for us today, because we come…not an economic base of parity," he said.

"Where we do have that equitable position to be able to contribute and get that skin in the game."

This week, Employment Minister Vicki Ward and Energy and Resources Minister Lily D'Ambrosio visited the North East Link site for the official launch of Yurringa Energy, with Minster Ward saying her government was investing in First Nations-led businesses to help follow in Yurringa's path.

"We're investing in First Nations-owned businesses and backing start-ups like Yurringa Energy to create new and meaningful employment opportunities for First Nation Victorians - especially in growing sectors like renewables," she said.

"This will improve economic opportunities for First Nations people as well as the wider community."

Minister D'Ambrosio said her party was "ensuring the energy transition supports long-term economic prosperity and self-determination outcomes for First Peoples".

"This is a priority," she said.

The Victorian state government has set renewable energy targets of 65 per cent by 2030 and 95 per cent by 2035, with the aim of achieving net zero by 2045.

A Labor spokesperson said Yurringa Energy securing this contract backed the government's Yuma Yirramboi Strategy, which supports wealth creation as well as aiming to build First Nations economic parity within a generation.

Mr Briggs said the project and Yurringa would help bring "Aboriginal people into an industry and into a space that we've just never been engaged in before" — energy retail.

"To be able to create opportunities where we can now build a back end and a workforce that provides opportunities for Indigenous people to think a bit broader about various industries and opportunities for career paths is extremely important," he said.