Joint release with the Hon Barnaby Joyce MP, Member for New England
The Liberal National Government is supporting plans to bolster energy infrastructure in the New England region of New South Wales to support the future energy needs of the National Electricity Market (NEM).
The Government is supporting a feasibility study being undertaken by TransGrid to develop the technical design and commercial process for the New England Transmission Infrastructure (NETI) through a grant from the Australian Renewable Energy Agency (ARENA).
This study will include an assessment for a new connection between Tamworth and Gunnedah.
The project will allow for the connection of an additional 1,400 MW of renewable energy generation to the grid within the next three to five years.
Depending on the outcomes of the NETI study, the zone would be the first example of an innovative, privately-funded renewable energy zone that supports large-scale renewables investment.
The NETI will seek to coordinate interest from generators and the need to upgrade the network.
Minister for Energy and Emissions Reduction Angus Taylor said the study would look to leverage more private investment in energy infrastructure across NSW, which will help secure the region's energy needs for the next decade and beyond.
"This study could see the network in northern NSW grow to provide for the future needs of regional businesses and families. This project has the potential to bring job opportunities to the region and see New England attract more private sector investment," Minister Taylor said.
"This study will help to manage the integration of renewables into the grid. This is essential to help keep the lights on, keep energy bills low and importantly support local jobs in regional NSW."
Member for New England Barnaby Joyce said the electorate had played a significant role in supporting locally-based renewable energy projects.
"The Federal Government has delivered millions of dollars of investment already for renewable energy generation right here on our doorstep in places like Inverell and Glen Innes," Mr Joyce said.
"We still need baseload power supply from traditional energy sources but this shows we're also looking to the future and planning for the transition when the technology and energy demand allows."
The NETI study will also help to inform the feasibility study into the Central-West Orana Renewable Energy Zone, announced on 23 June 2020. This initiative will support 2,000 construction jobs and 1,300 ongoing jobs. Renewable Energy Zones in NSW are a key pillar of the Commonwealth-NSW State Energy Deal.
The Government will contribute $995,000 to the $3.45 million NETI feasibility study.
