New roadmap draws 12 GW of renewable energy additions in NSW

The government of New South Wales today released an Electricity Infrastructure Roadmap that envisages adding 12 GW of renewable energy and 2 GW of energy storage capacity by the end of the decade.

The roadmap is expected to deliver Australia’s first renewable energy zones in the Central West and New England regions by 2030, whilst creating over 9,000 jobs and attracting AUD 32 billion (USD 23.4bn/EUR 19.7bn) of private sector investment in electricity infrastructure.

“The stimulus the Renewable Energy Zones will provide to regional communities will unlock over 9,000 new jobs and will be a huge boost to farmers and land owners, with AUD 1.5 billion in lease payments expected to go to landholders hosting new infrastructure by 2042,” said Deputy Premier John Barilaro.

The storage component of the projects will come from the likes of pumped hydro for which AUD 50 million in grants have been allocated. According to Water Minister Melinda Pavey, the state has “some fantastic pumped hydro opportunities.”

More information regarding the roadmap is available here: https://energy.nsw.gov.au/government-and-regulation/electricity-infrastructure-roadmap

(AUD 1.0 = USD 0.732/EUR 0.616)

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