The Federal Government has announced a $250 million investment to boost renewable energy infrastructure and job creation in the Northern Territory.
This landmark agreement, signed between the Federal and NT Governments, is part of the Rewiring the Nation Program.
The investment, to be facilitated through the Clean Energy Finance Corporation (CEFC), aims to upgrade and expand the Territory’s power grid.
This initiative is expected to support major transmission projects, strengthen the grid, and create hundreds of new jobs in the region.
A key focus of the agreement is to accelerate the rollout of transmission projects across the Territory, with the first wave scheduled for completion before 2030.
Additionally, the deal includes plans to deploy community-scale solar, rooftop solar, and other clean energy technologies.
These measures could potentially save consumers up to $500 annually on energy costs, particularly benefiting those unable to install their own rooftop solar systems, such as renters and apartment dwellers.
The agreement is designed to provide power bill relief for Territorians while increasing the reliability and security of the region’s growing renewable energy sector.
It also aims to reduce emissions by shifting away from fossil fuel-based power generation towards renewable sources like solar and wind.
While priority projects will support the Darwin-Katherine Interconnected System (DKIS), there is potential for initiatives in Alice Springs and Tennant Creek to receive support as part of the Territory’s broader energy system decarbonisation efforts.
This agreement marks the fifth under the $20 billion Rewiring the Nation program, following similar deals in New South Wales, Tasmania, Victoria, and Western Australia.
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