EnergyCo reposted this
NSW has sealed the deal for Australia’s first Renewable Energy Zone which will provide cheaper and more reliable energy to millions of homes and businesses across the state. The NSW Government's EnergyCo has awarded ACEREZ - a consortium of ACCIONA AU & NZ COBRA, and Endeavour Energy (NSW) – the contract to design, build, finance, operate and maintain the Central-West Orana REZ transmission project. The project will deliver at least 4.5 gigawatts of new network capacity by 2028, to connect 7.7 gigawatts of wind and solar projects, which is enough to power more than 2 million homes each year. It will generate a significant economic boost in the Central-West Orana region and NSW as a whole, supporting more than 5,000 construction jobs at its peak and bringing $20 billion in private investment into the region by 2030. The Minns Labor Government is also delivering $128 million in grants for projects in the communities that’ll host the REZ, to deliver benefits and inject funding into the area before major construction starts.