New South Wales launches ROI for 8-GW renewable energy hub

The Australian state of New South Wales today launched the registrations of interest (ROI) process in relation to an up to 8-GW renewable energy zone in its New England region.

The process concerns the New England Renewable Energy Zone, which is planned to become the largest one of its kind in Australia. The zone will receive AUD 78.9 million (USD 61m/EUR 50m) in financial support from the state.

Interested parties will be able to participate by July 16.

The creation of the renewables zone is expected to bring in some AUD 10.7 billion in private investments and open around 830 operational and 1,250 construction jobs, said Matt Kean, New South Wales’ energy and environment minister.

The ROI call will provide information regarding the planning of the renewable energy zone, the estimated investment value, location and technologies that will potentially bring new power capacity to the grid. The zone itself is part of the state’s electricity infrastructure roadmap that is expected to attract AUD 32 billion in private investment, mostly in regional New South Wales.

The Aussie state's pilot renewable energy zone is expected to become shovel-ready by end-2022 and unlock up to 3 GW of fresh capacity. It will be located in the Central-West Orana region.

(AUD 1.0 = USD 0.773/EUR 0.634)

Choose your newsletter by Renewables Now. Join for free!