NSW unveils $32bn renewable energy plan
The New South Wales government is pledging a $32bn private investment boom…
19 November 2020
The NSW Government’s Electricity Infrastructure Roadmap is an organized framework to bring a modern electricity system to NSW.
Within 15 years, 75% of our State’s electricity supply is anticipated to reach the end of its technical life. Replacing these energy sources and constructing the infrastructure required to connect them to our homes and businesses will take years. Action is needed now to make sure NSW consumers have continual access to cheap, clean and reliable electricity.
The global energy change also signifies a once-in-a-generation chance for our regions and State’s industry. Acting now could set NSW up to be a global energy superpower.
The Roadmap continues the NSW Government’s commitment to creating Renewable Energy Zones, through the creation of a Transmission Development Scheme. The Scheme and the three Renewable Energy Zones will also be backed by an Electricity Infrastructure Investment Safeguard, providing assistance for private investment in new generation, long duration storage and firming projects, including pumped hydro energy storage.
This coordinated approach to transmission, generation and storage will: