Snowy Hydro has inked a $1.9 billion renewable energy contract with the New South Wales Government to power its public transport network, marking the first time all public transport operations will be powered under a single supply deal.
The government said the deal would save taxpayers $130 million over seven years, which would be directly invested back into frontline public transport services across the state.
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The switch to renewable power will achieve significant emissions reductions, allowing transport to avoid the equivalent of over 800,000 tonnes of CO2 each year compared to conventional power.
Transport operations use almost as much power as all other NSW public sector agencies combined. Transport for NSW has an emissions reduction target of 65% by 2030 and reaching net zero by 2035.
Snowy Hydro Chief Executive Officer Dennis Barnes said, “The new contract with Transport for NSW indicates the demand for renewable energy solutions is growing at pace.
“There has been growing interest from businesses and government agencies across the country that are looking for innovative ways to decarbonise their operations.
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“Transport for NSW is a large energy user and they are leading the way in their efforts to reduce emissions. We were able to provide a tailored approach that meets their unique needs and secures long-term renewable matched energy from sources such as the Uungula Wind Farm right here in NSW.”
