The New South Wales government will lead the shift to renewable energy by attracting $ 32 billion in private investment in infrastructure, creating thousands of jobs and among the cheapest and most reliable electricity in the world
In the country’s most ambitious energy plan, the government will support the private sector to build critical energy infrastructure by 2030 as NSW faces the end of coal-fired power generation
Despite the escalating tensions between liberals and citizens over past energy policies, the coalition is united on the plan and is also enjoying bipartisan support.
The plan will create 6,300 construction jobs and 2,800 ongoing jobs, mostly in regional NSW, and provide 12 gigawatts of renewable energy and 2 gigawatts of storage, which is largely pumped from hydropower
It would also see $ 1 billion in rental payments go to landowners to host new infrastructure on their properties and place New South Wales in the top ten lowest industrial electricity prices in the OECD
The government says the Electricity Infrastructure Roadmap will reduce the average electricity bill for small businesses by about $ 440 per year, while saving about $ 130 per year for the average household bill.
There will be $ 50 million in the state budget on November 17 for grants for water pumping projects, and legislation will be submitted to the New South Wales Parliament in the last two weeks of the year’s hearings.
Energy Secretary Matt Kean, who had previously clashed with John Barillaro over environmental policies, said the national leader played an important role in developing the roadmap
“Few people deserve more credit than the deputy prime minister for introducing the biggest reforms in the energy sector,” Mr. Kane said.
Mr Barillaro said the plan, signed by the Cabinet last month, will provide Australia’s first renewable energy regions in the Midwest and New England regions by 2030
« The stimulus that renewable energy regions will provide to regional communities will open more than 9,000 new jobs and will be a big boost to farmers and landowners. With one dollar, rent payments of $ 5 billion are expected to go to landowners hosting new infrastructure by 2042, » Mr. Barilaro said
“The roadmap will ensure that renewable energy sources are developed where regional communities want them and where they are compatible with agriculture.”
Treasurer Dominic Beirutet said the roadmap will grow the economy, create jobs and save $ 32 billion in private sector investment in electricity infrastructure by 2030
“Out of this crisis, we are not just stimulating the economy to create jobs now, but we are looking forward to the reforms that New South Wales needs to secure our future,” he said.
“This is a major productivity reform, as the NSW Roadmap is expected to provide some of the cheapest OECD energy prices and strengthen our energy security”
Mr Kane said New South Wales needs to replace four of the state’s five coal-fired power plants over the next 15 years because it will reach the end of its artistic life.
“Our priority is to keep the lights on and lower energy prices, with the Roadmap projecting an average saving of $ 130 for NSW households and small businesses an average of $ 430 on their electricity bills each year,” Mr. Kane said. >
Opposition spokesperson for climate change and energy, Adam Searle, said the coalition proposes to implement « much of the energy policy for the 2019 NSW Labor elections, with some differences. »
“While we have some concerns about aspects of the plan, particularly with regard to non-compliance with local jobs and manufacturing, the Labor Party will provide support in principle to these measures, taking into account seeing the final details and working through our concerns and our proposals for improvement.”
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« After a decade of delay, NSW is now in a race against time to provide for the energy supply of our state and the needs of its people
“This should provide cheaper energy for homes and businesses, tens of thousands of new jobs, boost the manufacturing sector in our state. It can do that, if done right, and it will also mean less pollution for a better environment.”
Water Minister Melinda Buffy said the roadmap included $ 50 million in grants to support the delivery of pumped hydro power projects.
Mrs. Buffy said: « Hydro pumping is a proven form of large-scale storage and NSW has some great water pumping opportunities.
“This plan provides the long-term certainty that the private sector needs to invest now, drive jobs, and invest in regions.”
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World News – AU – NSW’s Ambitious Plan to Become a Renewable Great Power
