Australia state unveils $23 bln energy roadmap in renewables push
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Australia’s most populous state said it would cut red tape and speed up approvals for businesses to invest in renewable energy projects
SYDNEY : Australia’s New South Wales (NSW) state said on Monday it would shift toward renewable energy from coal and aimed to lure A$32 billion ($23.3 billion) of private investment into the sector in the next decade.
Australia’s most populous state said it would cut red tape and speed up approvals for businesses to invest in renewable energy projects, with four of its five coal-fired power plants expected to close in the next 15 years.
The plans would create close to 10,000 jobs and aimed to bring 12 gigawatts (GW) of wind and solar power and 2 GW of storage, such as pumped hydro, online by 2030, state Energy Minister Matt Kean said in a statement.
Source : economictimes
