Five new renewable energy projects have secured the latest tender round of the NSW Electricity Infrastructure Roadmap, solidifying the State’s position in national energy transition investment.
AEMO Services has awarded Long-Term Energy Service Agreements to several projects, including solar, wind, lithium-ion battery, and advanced-compressed air energy storage systems in their third tender.
“The Roadmap tenders are accelerating the transition to renewables, ensuring households and businesses have reliable access to clean and affordable electricity into the future, while providing jobs and other benefits in regional communities,” Minister for Climate Change and Energy Penny Sharpe said.
The three storage projects, each with a continuous discharge capacity of at least 8 hours, can collectively power the Sydney Cricket Ground lights for approximately 130 days.
The successful projects represent $4.2 billion in private sector investment in the State’s renewable energy infrastructure, bolstering $4.3 billion committed in previous tenders by AEMO Services.
The five projects, which include two additional renewable energy generation projects and three long-duration storage projects, are scheduled to begin operations in 2028. According to the NSW Government, the projects will provide broader community and economic benefits, including support for an estimated 1000 jobs over the project’s lifetime, $2 billion in local supply chain benefits, $40 million for First Nations initiatives, and enough generation to power 360,000 NSW homes per year.
Following the outcome of this third tender, NSW has now secured 5.79 GW, or nearly half of its legislated 12 GW renewable energy target. It confirms 574 MW of the authorised 2 GW long-duration storage target.
“NSW is now almost halfway there on our 2030 renewable generation target, and over a quarter of the way there on our long-duration storage target,” Minister Sharpe stated.
