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Renew Economy:

The NSW government has committed $380 million over the next four years to boost network infrastructure for   the state’s first renewable energy zones, which it hopes will unlock tens of billions of dollars in new investment in wind, solar and storage projects.

The funding will be used to underwrite the development of new transmission network infrastructure for the Central-West Orana Renewable Energy Zone, and the government wants new grid infrastructure to be ‘shovel ready’  early next year.

Funding has also been allocated to set up a number of oversight bodies, including a new Consumer Trustee to act as a consumer advocate, as well as a Financial Trustee and a new regulator to oversee investment decisions being made in the new Renewable Energy Zones.

The NSW government is pursuing a vision to support massive amounts of new investment in clean energy infrastructure, including 12GW of new low emissions generation capacity and 2GW of energy storage to be built before the end of the decade.

[Michael Mazengarb]

More: NSW commits $380m to speed up network upgrades for renewable energy

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