The Albanese Government is accelerating the delivery of reliable renewable energy in the Northern Territory after signing a landmark $250 million deal with the Lawler Government as part of the Rewiring the Nation Program.
Through the Clean Energy Finance Corporation (CEFC), the investment will create hundreds of new jobs and see the power grid upgraded and expanded across the Territory, supporting major transmission projects and bolstering grid strength.
The Rewiring the Nation investment will also accelerate the rollout of transmission projects across the Territory with the first wave of these to be completed before 2030.
We have also signed an agreement to deploy community-scale solar, rooftop solar and clean energy technologies. This will provide up to $500 in energy cost savings per year for consumers locked out of installing their own rooftop solar, like hardship customers, renters and apartment dwellers.
Working together the Commonwealth and Northern Territory Governments are securing crucial power bill price relief for Territorians, ensure the Territory's growing share of renewable energy is more reliable and secure and reducing emissions.
Projects financed under this agreement will contribute to the energy mix across the Territory by increasing amounts of renewable generation such as solar and wind and reducing reliance on power generation from fossil fuels.
In addition to priority projects supporting the Darwin-Katherine Interconnected System (DKIS), there is potential for projects in Alice Springs and Tennant Creek to also receive support as part of the decarbonisation of the NT's energy system.
The Commonwealth has now negotiated five agreements under the $20 billion Rewiring the Nation program, with previous deals in New South Wales, Tasmania, Victoria and Western Australia.
Australia's electricity system is changing rapidly, but progress on critical transmission projects stalled under the former federal Government. The Albanese Labor Government is getting on with the job and working closely with states to deliver these vital projects on time and at lowest cost through Rewiring the Nation.
Quotes attributable to Chief Minister of the Northern Territory Eva Lawler:
"This agreement with the Albanese Government will ensure Territorians have reliable power supply into the future.
"Battery technology will play a significant role in our target of reaching 50% renewable energy consumption by 2030."
"By owning our assets we can keep power prices low. Only a Territory Labor Government will keep our assets in the hands of Territorians."
Quotes attributable to Minister for Climate Change and Energy Chris Bowen:
"This agreement will put downward pressure on energy costs for Territorians.
"Rewiring the Nation is about delivering jobs while delivering cleaner, cheaper and more secure energy for homes and businesses.
"The Albanese Government sees the states and territories as key partners in unlocking more jobs and cheaper power bills through the energy transformation. Today's deal with the Northern Territory Government is another step towards that.
"When I visit communities driving this transformation they ask for investment now, rather than in 20 years as proposed by the Opposition. The Albanese Government is getting on with the job of delivering the energy transformation and lowering household power bills with more reliable renewables into our grid."
Quotes attributable to the Minister for Energy and Renewables Kate Worden:
"Investing in battery technology ensures Territorians will have reliable power supply as we move to integrate more renewable energy into our electricity grid.
"We can make these investments because the Territory Government owns our assets like Power and Water, Territory Generation and Jacana.
"Because we own our assets, we can keep the cost of power low. We also subside the power bill of every Territory household by $1500 a year through the Community Service Obligation."
Northern Territory Government
