NSW’s recently passed Electricity Infrastructure Bill will implement the state’s strategy to become a renewable energy superpower and deliver a modern electricity system to replace four ageing coal-fired generators.

The Electricity Infrastructure Bill is expected to deliver 12GW of new renewable energy projects, 2GW of energy storage capacity, A$32 billion in private sector investment by 2030 and support 6,300 construction jobs and 2,800 ongoing jobs in 2030.

NSW has previously committed to create Australia’s first coordinated Renewable Energy Zone (REZ) in Central West, New England and South West regions, supporting up to $23 billion of investment. A further two REZ in the Hunter-Central Coast and Illawarra regions were added to the Bill.

NSW’s ambitious clean energy plan will reduce the state’s carbon emissions by a total of 90 million tonnes by 2030 and put the state in the top 10 for the lowest industrial electricity prices in the OECD.

Construction of 5,693 MW of new renewable energy capacity is underway in NSW and QLD, generating A$8.7 billion in investment and 6,455 jobs.

Clean energy investors and executives singled out NSW in particular as being among the attractive states for renewable investment.