{"id":18706,"date":"2022-10-19T01:12:06","date_gmt":"2022-10-19T01:12:06","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=18706"},"modified":"2022-10-19T01:12:06","modified_gmt":"2022-10-19T01:12:06","slug":"rewiring-the-nation-to-supercharge-victorian-renewables","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2022\/10\/19\/rewiring-the-nation-to-supercharge-victorian-renewables\/","title":{"rendered":"REWIRING THE NATION TO SUPERCHARGE VICTORIAN RENEWABLES"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Albanese Government\u2019s Rewiring the Nation plan will fast-track Victorian Renewable Energy Zones (REZ) and offshore wind development to create new energy jobs across Victoria, unlock cleaner, cheaper and more secure energy and put downward pressure on prices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Commonwealth and Victoria have today signed an agreement to jointly fund Victorian offshore wind projects, REZs, and the Victoria-New South Wales Interconnector (VNI West) KerangLink. The Commonwealth, Victoria and Tasmania have also signed agreements on the Marinus Link interconnector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The agreement between Victoria and the Commonwealth sets out:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>$1.5 billion of concessional financing from Rewiring the Nation available for REZ projects in Victoria, including offshore wind projects;<\/li><li>A commitment to coordinate Victorian and Commonwealth regulatory processes to support the rapid development of the Victorian offshore wind industry;<\/li><li>Rewiring the Nation, through the Clean Energy Finance Corporation, will provide a concessional loan of $750 million for VNI West to ensure it is completed by 2028;<\/li><li>Victoria will contribute equally with the Tasmanian and Commonwealth Governments to a total 20 per cent of project equity to deliver Marinus Link.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Together, the Victorian REZ and offshore wind development will deliver new renewable power, driving down power prices, creating jobs and supporting reliability of electricity supply.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This follows the Commonwealth\u2019s recent consultation on an offshore wind development zone off Gippsland \u2013 the first in the nation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This announcement will supercharge regional jobs, with VNI-West KerangLink to unlock 4,000 MW of new power generation, supporting more than 2,000 direct jobs during construction and generating $1.8 billion in net market benefits &#8211; including for electricity users.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Marinus Link is also set to create 1,400 jobs in Victoria, and attract $1.5 billion in investment to the Gippsland region.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Australia\u2019s electricity system is changing rapidly, but progress on critical transmission projects stalled under the former federal Government. The Albanese Labor Government is getting on with the job and working closely with states to deliver these vital projects on time and at lowest cost.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Australian Energy Market Operator\u2019s (AEMO) Integrated System Plan is the roadmap for Australia\u2019s future grid \u2013 and Rewiring the Nation investments are guided by this blueprint to ensure the right projects are built at the right time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"the-prime-minister-anthony-albanese-said\">the Prime Minister, Anthony Albanese said:<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cRewiring the Nation has always been about jobs in new energy industries, delivering cleaner, cheaper and more secure energy, and bringing down emissions \u2013 today it begins doing just that.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis is an historic day for Victoria and for Australia with the rollout of these key projects putting us on track to be a renewable energy superpower.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"premier-of-victoria-daniel-andrews-said\">Premier of Victoria, Daniel Andrews said:<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cVictoria has cut emissions by more than any other state, tripled the amount of renewable energy and created thousands of jobs. We\u2019re not just talking about climate action \u2013 we\u2019re getting on with it.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAll of this means more jobs, cleaner energy and cheaper power bills for Victorians.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"minister-for-climate-change-and-energy-chris-bowen-said\">Minister for Climate Change and Energy, Chris Bowen said:<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis announcement today demonstrates the Albanese Government\u2019s commitment to progressing the renewable transformation with the states and territories.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cFor too long, national energy policy has been ad hoc and hollow \u2013 today is another step in turning this around and putting reliable, affordable power and new energy jobs first.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"victorian-minister-for-energy-the-environment-and-climate-action-lily-d-ambrosio-said\">Victorian Minister for Energy, the Environment, and Climate Action, Lily D\u2019Ambrosio said:<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cVictoria is leading the nation in the energy revolution, taking strong climate action and cementing our future as a renewable energy powerhouse.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cRewiring the Nation will help our ambitious offshore wind strategy and Renewable Energy Zones Development Plan, while giving more flexibility to our grid.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Albanese Government\u2019s Rewiring the Nation plan will fast-track Victorian Renewable Energy Zones (REZ) and offshore wind development to create new energy jobs across Victoria, unlock cleaner, cheaper and more secure energy and put downward pressure on prices. The Commonwealth and Victoria have today signed an agreement to jointly fund Victorian offshore wind projects, REZs, &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2022\/10\/19\/rewiring-the-nation-to-supercharge-victorian-renewables\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;REWIRING THE NATION TO SUPERCHARGE VICTORIAN RENEWABLES&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-18706","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/18706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=18706"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/18706\/revisions"}],"predecessor-version":[{"id":18707,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/18706\/revisions\/18707"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=18706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=18706"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=18706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}