NSW invests $7.1 million renewable projects

New South Wales has awarded $7.1 million in grants for ten projects which will help meet the state’s future energy needs.
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New South Wales has awarded $7.1 million in grants for ten projects which will help meet the state’s future energy needs.

This recent round of funding forms part of the $75 million NSW Emerging Energy Program, which encourages private sector investment in cutting edge large-scale electricity and storage projects.

These projects are spread across seven locations in NSW, including Broken Hill, Yass and Armidale.

Around 21 projects were shortlisted for capital funding across six technologies, including pumped hydro, gas, biogas, solar thermal, virtual power plants and batteries. The successful recipients will be announced in the first half of 2020.

NSW Minister for Energy, Matt Kean, said the Emerging Energy Program is the NSW Government’s commitment toward delivering affordable, reliable and cleaner power for the state.

“These projects will help show the way for new technology, making it easier for other projects to come online, increase competition and put downward pressure on prices.”

Successful applicants can work with the Clean Energy Finance Corporation for finance through its Dispatchable Power Program.

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