Transgrid welcomes NSW Budget to accelerate clean energy transition

CEO Brett Redman said: “Transgrid shares the bold ambition of our communities and governments to drive down energy costs and deliver a clean, sustainable and reliable energy future.

“Over the next decade, Transgrid will invest $16.5 billion in NSW to build 2,500km of essential transmission infrastructure to connect renewable generation to the grid.  

“We need to build the energy superhighways that will help disperse clean energy from where it is generated to the homes, businesses and industries where it is needed.

“Modelling shows every one dollar spent on transmission is projected to return more than two dollars in benefits to consumers and communities.

“Transgrid welcomes today’s significant clean energy investment including $1 billion to establish the Energy Security Corporation to drive investment in stable and affordable renewable energy and $804 million for the Transmission Acceleration Facility to connect Renewable Energy Zones to the grid sooner.

“We are proud to be a key partner in delivering the NSW Government’s Electricity Infrastructure Roadmap to bring clean, cheap and reliable energy to millions of households and businesses, achieve our emissions reduction targets, and ensure the state becomes a global renewable energy leader.

“I congratulate Premier Chris Minns and Minister for Energy and Climate Change Penny Sharpe for recognising the urgent need for investment to accelerate our renewable energy transition and keep the lights on when coal generation retires from the NSW power system.”

To find out more about Transgrid’s critical role in enabling the clean energy transition visit: https://www.transgrid.com.au/about-us/network/network-planning/system-security-roadmap

Transgrid media contact:

Michelle Stone 0438 293 917