NSW budget delivers record renewables spending
In Tuesday’s budget, the Berejiklian government announced an additional $380 million in funding to kick start investment in the first renewable energy zones for New South Wales, bringing the state’s total spending on renewables to over half a billion dollars. Matt Kean said the government was committed to the ‘most ambitious renewable energy policy in the country’ as he unveiled the biggest ever renewable energy package for the state.
The State Government has planned for the creation of renewable energy plants for five new renewable energy zones which include the Central West, New England, Riverina, Hunter, and Illawarra regions. The funding will go towards paving the way for the development of solar, wind, and storage projects in these zones which will move to replace coal-fired generators as they are phased out.