TransGrid funds 900km power link to lift renewables as coal’s end nears
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A new 900-kilometre transmission link considered crucial to enhancing the flow of cheap renewable energy around the country as coal plants exit is set to receive the go-ahead after TransGrid committed $1.8 billion to the project.
Transgrid, which runs the New South Wales electricity network, confirmed a deal with the federal government’s green bank had allowed it to approve its investment in the NSW section of the long-awaited EnergyConnect project joining the NSW and South Australian grids.
A new interconnector should help the transfer of coal-fired power and renewable energy between NSW and South Australia, but it won’t fix fundamental flaws in the National Electricity Market.
Media can register now for Destination Zero & Beyond, the eighth annual Australasian emissions reduction summit, which will be held in Sydney and online.
Labor’s position on ‘green’ investments – which should be tech- and sector-neutral – is picking a political fight over something that should help, not hinder, Australia’s path to net zero.
Clean energy agency shake up a climate policy test for Labor
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The Labor Party will oppose the federal government’s proposed changes to expand the remit of the Australian Renewable Energy Agency to allow it to fund fossil fuel technology including carbon capture and storage and “blue” hydrogen which is produced with gas.
ARENA was established by the former Labor government to support innovative renewable initiatives and make it more competitive with established energy technologies.
Labor climate and energy spokesman Chris Bowen.
Credit:Dominic Lorrimer.