First renewable energy zone to start works

The first Renewable Energy Zone (REZ) in the country to achieve planning approval will drive up to $20 billion in private investment and unlock at least 4.5 gigawatts of new network capacity over the next six years.

Having just gained planning approval, from late 2024 the project is set to reach financial close and construction works will then commence.

It's expected to be in operation in 2028.

Located in NSW around Dubbo, Dunedoo and Mudgee, the Central-West Orana REZ is a key initiative under the NSW Electricity Infrastructure Roadmap to export electricity to the rest of the National Electricity Market (NEM) network.

To gain approval, the state government assigned nearly 100 approval conditions to support rollout.

"This is the first REZ Transmission Project in the country to obtain planning approval, paving the way for a significant boost in renewable energy generation to replace aging coal-fired power stations," NSW minister for climate change and energy Penny Sharpe said.

"It's not just about clean energy. This project will bring long-term financial benefits to both NSW electricity consumers and the local communities which will host the Central-West Orana REZ.

"The Minns Labor Government will continue to work closely with communities, the Australian government and the preferred network operator to finalise the project."

NSW minister for planning and public spaces Paul Scully commented: "if done right, this energy generation transition will develop a wave of new industry and jobs. That means transmission jobs, manufacturing jobs, construction jobs and maintenance jobs.

"Our recent budget invested money into the planning system to support and speed up the NSW government's assessment of renewable energy projects and meet our 2050 goal of net zero emissions."