New South Wales has opened the first tenders for its Electricity Infrastructure Roadmap, targeting a renewable energy capacity of 12GW and an additional 2GW of long duration storage by 2030.
It is the first in a series of bi-annual tenders for renewable energy and long duration storage contracts to be held over ten years for the replacement of retiring coal fired power stations with modern electricity infrastructure.
New South Wales’ Minister for Energy, Matt Kean, said the recently-announced Electricity Infrastructure Roadmap is the State’s landmark energy policy designed to replace the generation capacity from four out of five of New South Wales’ coal-fired power stations, which are scheduled to retire in the next 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,” Mr Kean said.
“Putin’s illegal invasion of Ukraine has put enormous pressure on power prices and shows why we need to fast track our plans to replace ageing power stations and reduce our reliance on generation that relies on volatile international commodity prices.”
The State Government forecasts that the roadmap could lead to savings of around $130 a year on average on the typical household electricity bill and $430 a year on the average small business electricity bill between 2023 and 2040.
Registration is open until the close of bids on 28 October 2022, more information is available here.
