The NSW Electricity Infrastructure Roadmap was formally unveiled today, paving the path for a more affordable, cleaner, and dependable energy future for NSW.
In a statement, the NSW Government claims the NSW Electricity Infrastructure Roadmap is Australia’s biggest renewable energy and storage policy.
Minister for Energy Matt Kean said as part of a 10-year plan to replace ageing coal-fired power plants with cutting-edge electrical infrastructure, the first of a series of bi-annual bids for renewable energy and long-term storage contracts goes live today.
“NSW is targeting the construction of 12 gigawatts of renewable energy by 2030, enough to power the equivalent of 5.8 million homes, as well as 2 gigawatts of long-duration storage like pumped hydro, making this the biggest renewable energy policy in Australia’s history,” Minister Kean stated.
Minister Kean added that the release of the first tender marks a significant step in the implementation of our objectives for renewable energy and storage, and it is anticipated to spark a boom in employment and investment across NSW.
Minister Kean stated that the Electricity Infrastructure Roadmap aims to replace the generation capacity from four out of the five coal-fired power plants in NSW that are set to close in the upcoming eleven years.
“NSW is building five massive Renewable Energy Zones across the State, which will produce cheap, clean electricity for generations to come and create major investment opportunities for industry and small businesses,” He said.
According to Minister Kean, NSW must move quickly with its plans to replace ageing power plants and lessen the reliance on generation that depends on uncertain international commodity prices as a result of Putin’s illegitimate invasion of Ukraine.
The Roadmap is expected to save roughly $130 per year on the average household electricity cost and $430 per year on the average small company electricity bill between 2023 and 2040, compared to not implementing the Roadmap.
