Hydro Tasmania said certainty around Marinus Link is driving improved sentiment in the Tasmanian renewables market.
This has prompted the company to put the call out for offtake proposals as it looks to partner with a project that can generate up to 1500GWh annually and be operational in the next six years.
This is aligned with Hydro Tasmania’s goal of partnering solar and wind developments with hydropower to bring more power to the Tasmanian grid.
“Investment in new solar and wind projects will enable existing and future energy-intensive industries to expand in Tasmania,” Hydro Tasmania executive general manager – commercial Vedran Kovac said.
“The best way to meet future demand is a combination of wind, solar and hydropower.”
Kovac said there are financial incentives at play.
“Signing an offtake agreement with a credit-worthy party like Hydro Tasmania is an important step for wind and solar developers to secure attractive financing terms to progress their projects,” he said.
“It has to be commercial and stack up for Tasmanians, but working together, we can bring new energy online for the state.”
In December 2024, Hydro Tasmania signed an offtake agreement with TasRex’s proposed 288MW solar farm in the Northern Midlands, which when operating at full capacity, will be Tasmania’s fourth largest generator after the Gordon and Poatina hydropower stations, and the Tamar Valley power station.
Tasmania aims to double its renewable energy output from 2020 levels by 2040, with a goal of producing 21,000GWh of renewable electricity per year by the end of the next decade.
The state’s interim goal is to reach 15,750GWh of renewable electricity generation per year by 2030.
Hydro Tasmania’s tender is open until 10am on Friday December 5. Learn more here.
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