The New South Wales government has fast-tracked 16 projects worth $34.4 billion, with 13 focused on delivering new renewable energy and storage capacity. The Investment Delivery Authority aims to accelerate planning approvals for these projects to support private sector investment, with the goal of generating enough electricity to power 5.5 million homes and reducing greenhouse emissions by 50% by 2030. Among the selected projects are large-scale wind generation projects and the Port of Newcastle Clean Energy Precinct for hydrogen and ammonia production. Port of Newcastle CEO Craig Carmody expressed commitment to working with the NSW Government on the next phase of the Project, with completion of FEED and EIS studies nearing and positive signs for global investors. The Project's momentum is expected to continue as it moves into the critical phase of approvals.
https://reneweconomy.com.au/new-state-investment-vehicle-launches-with-34-billion-renewables-push/