The NSW Government will invest a landmark $2.1 billion in the Transmission Acceleration Facility (TAF) to help connect its five Renewable Energy Zones (REZs) across the state.
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The Transmission Acceleration Facility is expected to significantly expedite the development of key Renewable Energy Zones (REZs), including the Central West Orana, New England, Hunter-Central Coast, Illawarra and South West regions.
These areas will be pivotal in supporting the growth of wind and solar generation, and the government’s landmark funding will make it faster and more efficient to connect new projects to the grid.
The Clean Energy Council welcomed the almost doubling of funding for the TAF.
“This Budget announcement marks a major step forward in fast-tracking the construction of transmission lines and energy storage systems necessary to integrate new wind and solar projects into the grid,” Clean Energy Council CEO Kane Thornton said.
“With this investment, NSW continues to lead the nation in its dedication to building the infrastructure needed to unlock the full potential of renewable energy while phasing out outdated and unreliable coal-fired power stations.
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“This commitment highlights the government’s resolve to ensure that NSW’s energy grid can effectively support the transition to renewable energy, while also tapping into the job and economic opportunities that come with it.”
