New South Wales obtains 34GW of solar, storage and wind proposals for most recent REZ, more than 10 times final capacity

• The Australian state of New South Wales (NSW) has obtained propositions for greater than 34GW of solar, wind and energy storage space for its South-West Renewable Energy Zone (REZ), more than 10 times the likely capacity of the site.

NSW, via its just recently created Energy Corporation that will certainly look after the state's REZs, held an enrollment of interest (ROI) in October and also November 2021 for the South-West REZ, which is just one of 5 planned zones in Australia.

In total amount, 49 applications from renewables and also storage space developers made up the 34GWs of propositions, which was 13 times the intended capacity for the REZ, according to James Hay, Energy Corporation chief executive officer, adding that the REZ will be no less than 2.5 GW in capacity.

The South-West REZ is to be situated to the west of the city of Wagga and straddle the state's boundary with Victoria. Its place and design has been slightly modified because its initial strategy in 2018, now using up more land as well as extending as far west as Buronga.

The location had been chosen as a result of an "wealth of high-grade solar and also various other energy sources, distance to project EnergyConnect, relative land-use compatibility and also a strong pipe of proposed projects," the NSW federal government stated.

REZs in Australia, and in particular in NSW, have actually confirmed phenomenally prominent with solar designers seeking to capitalize on the structured grid link process as well as various other supposed benefits. The last REZ to officially open for generation proposals drew in 34GW of proposals, comparable to being more than four-times oversubscribed.

Alternatively, while brand-new research study has actually disclosed that solar PV as well as wind continue to be the cheapest new-build power generation choices in Australia, even when considering their extra assimilation costs such as energy storage and transmission, Australian firms intend to spend AU$ 5.1 billion (US$ 3.7 billion) on overseas gas expedition over the next 6 years, sufficient to create 2.5 GW of renewables.

In October, right before COP26, the Australian federal government devoted to getting to internet no exhausts by 2050 but did not pass any type of regulations to sustain such a shift in a step that was described as "frustrating" as well as "unambitious" by the nation's Clean Energy Council.

Analysts PV Tech spoke to at the time of the net absolutely no announcement stated several Australian states had far more ambitious climate goals than the federal government, with state federal governments being the primary motorists of the energy transition.

Meanwhile, a leading Australian lawyer and also previous head of the Legislation Council of Australia has stated the federal government's strategies to spend public money into fossil fuel production could be prohibited, is open to significant legal obstacle as well as is "at odds" with the function of the Australian Renewable Energy Agency (ARENA).