In the latest tender round of the NSW Electricity Infrastructure Roadmap, two additional renewable energy generation projects and three long-duration storage projects have been locked in.
Independently conducted by AEMO Services, the third tender resulted in long-term energy service agreements for one solar project, one wind project, two lithium-ion battery energy storage system projects, and one advanced-compressed air energy storage system, planned for Twelve Mile, Culcairn, Broken Hill, Merriwa, and Myrtle Creek.
Notably, the three storage projects boast a continuous discharge capacity of at least 8 hours, collectively capable of illuminating the Sydney Cricket Ground lights for approximately 130 days.
The successful projects represent a total private sector investment of $4.2 billion, building on the $4.3 billion committed in AEMO Services’ two previous tenders.
Anticipated to commence operations in 2028, these projects are expected to contribute to broader community and economic benefits, including job support for around 1000 individuals over their project lifetimes, $2 billion in local supply chain benefits, $40 million allocated to First Nations initiatives, and sufficient generation to power 360,000 NSW homes annually.
Following this third tender, NSW has now secured 5.79GW, nearly half of its legislated 12 GW renewable target for generation, confirming 574MW of the legislated 2GW target for long-duration storage.
NSW Minister for Climate Change and Energy Penny Sharpe welcomed these projects.
“The Roadmap tenders are accelerating the transition to renewables, ensuring households and businesses have reliable access to clean and affordable electricity into the future, while providing jobs and other benefits in regional communities,” Sharpe said.
“NSW is now almost halfway there on our 2030 renewable generation target, and over a quarter of the way there on our long-duration storage target.”