The federal and NSW governments have announced six projects through the Capacity Investment Scheme, aimed at providing over a gigawatt of dispatchable power across the state.
The projects from the tender are:
According to a joint statement on Wednesday, the projects collectively represent 1,075 megawatts of reliable capacity, and eight per cent of the total 2022/23 NSW summer peak demand into the network at short notice.
Each is targeting commercial operations by December 2025, and together they total $1.8 billion in energy infrastructure.
“4GW of dispatchable power left the grid over the past decade with only 1GW to replace it – announcements like today’s are the result of Governments getting on with the job of delivering a cleaner cheaper grid for NSW,” said federal energy minister Chris Bowen.
Federal, state and territory ministers agreed to establish the Capacity Investment Scheme (CIS) in December 2022. It aims to deliver at least $10 billion in new renewable energy investment and six gigawatts of generation and storage by 2030.
Picture: Artist impression of Akaysha Energy’s Orana Battery Energy Storage System (supplied)