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All coal power plants will have closed by 2038, the energy market operator said in a forecast that piles on pressure to pick up the pace of the transmission build-out.
Clean Energy Finance Corporation has allocated a $100 million loan towards NSW’s electricity infrastructure road map to help it deliver 12GW of projects by 2030.
Problems around new transmission means Australia may fall short of its 2030 targets, but political will, capital and renewable resources remain strong drivers for the transition.
A summer of blackouts has emerged as a real risk from Australia’s creaking power system, increasing the likelihood of extra government intervention.
A residents group agitating for major poles and wires to be buried underground says the energy giant overstated the cost by more than 50 per cent.