The government of the New South Wales has plans to back renewable energy plant that is in the New England region. According to the Environment Minister of the state, the plant can provide electricity in more than 3.5 million houses. He added that his primary purpose in the plant was to replace the state’s coal firm power station in the early days.
On Friday, the minister in charge of Energy and Environment will announce the second renewable energy zone that concern the state. The announcement will contain the previous plans and the designated area in the central west. Matt Kean said the latest decision would be on the government initiative to attract investors who can construct 8,000 megawatts of solar and wind in the New England area, which is in the Northern state, which is active and the type of modern-day power station.
The construction of the plant is a massive stimulus package that is excellent for the economy and the environment, and the government has plans to replace the existing generators, according to Mr. Kean, when talking to Australia Guardian. By constructing the power plant, there are various economic benefits associated with it. Many families will benefit from it because they will enjoy lower electricity prices and clean environmental conditions. The energy zone for renewable is double the size of the initial that the central west. According to the announced information, it attracted more interest from renewable energy companies and organizations with a combined capacity of 27 gigawatts with a value cost of 38 billion us dollars, which is nine-time more than the available position.
According to Kean, the new zone will make the state appear in decarbonization countries. The government has put into consideration other states to ensure they achieve zero-emission by the year 2050. The mission set by the government is necessary according to the scientist, but the Morrison government has resisted the task to achieve the target.
The government has promised to spend 79 million US dollars in the coordinating and planning the project, including the transmission and storage of the goods. The investment will generate a return of 12.7 billion US dollars and create more than 2,000 jobs during the construction phase, and currently, there is 1,300 job opportunity. The opportunity will be for the regional community that is feeling the effect of the Coronavirus pandemic.