Two new renewable energy projects and three long-term storage projects have been approved in the latest round of tenders under the NSW Electricity Infrastructure Roadmap, cementing the state's leading role in the national energy transition.
One solar project, one wind project, two lithium-ion battery energy storage projects and one advanced compressed air energy storage system have been awarded Long-Term Energy Service Agreements in the third round of tendering by AEMO Services.
The projects will be developed at Twelve Mile, Culcairn, Broken Hill, Merriwa and Myrtle Creek.
Each of the three storage projects has a minimum 8 hour continuous discharge capacity and together could power the lights at the Sydney Cricket Ground for approximately 130 days.
These successful projects represent $4.2 billion of private sector investment in the state's renewable energy infrastructure, building on the $4.3 billion of private sector investment committed through AEMO Services' two previous tenders.
The five projects are expected to be operational by 2028 and will contribute to wider community and economic benefits, including supporting an estimated 1000 jobs over their lifetime, generating $2 billion in local supply chain benefits, providing $40 million for First Nations initiatives and generating enough energy to power 360,000 NSW homes each year.
With the outcome of this third tender, NSW has now secured 5.79GW - almost half - of its legislated 12GW renewable energy generation target. It also confirms 574 MW of the legislated 2 GW target for long-term storage.
Tender Round 3 successful projects