The New South Wales authorities has obtained bids for over 5.5GW value of wind and photo voltaic era tasks and over 2.5GW of storage methods as its Electrical energy Infrastructure Roadmap attracts trade consideration.
The roadmap was launched in 2020 below the Electrical energy Infrastructure Funding Act, and covers a 20-year plan to ship renewable vitality zones (REZs) the place crimson tape and licensing occasions will likely be reduce for renewables transmission infrastructure.
“That is an amazing response from the market and a powerful endorsement of the roadmap’s imaginative and prescient for the NSW electrical energy system,” stated NSW vitality minister Matt Kean. “Russia’s unlawful invasion of Ukraine and the ensuing international vitality disaster has added further impetus to modernise our electrical energy system. The necessity for brand new sources of electrical energy era that aren’t tied to the volatility of world commodity costs has by no means been higher.”
The bids are but to be assessed by the New South Wales client trustee, AEMO providers, the place they’ll be both authorized or rejected based mostly on standards together with group engagement, land-use alternatives and regional financial improvement.
“These tenders have been particularly designed to determine the very best tasks to deliver high quality vitality to market within the earliest potential timeframe,” Mr Kean stated.
This amount of bids is certainly not the very best the state authorities has obtained. In August, it obtained 17GW value of bids for the Illawarra REZ, and in February 40GW of purposes have been made for the Hunter-Central coast REZ.
Kean added: “The extent of funding we’re facilitating within the NSW vitality system is unprecedented, which is why these tenders will run each six months for no less than the following ten years.”