‘Rewiring the nation’: Albanese and Andrews governments to jointly fund renewable energy zones
by Katharine Murphy and Adam Morton from on (#64VTH)
$1.5bn agreement includes plan to fast-track regulatory processes to support rapid' development of Victoria's offshore wind industry
- Follow our Australia news live blog for the latest updates
- Get our morning and afternoon news emails, free app or daily news podcast
The Albanese and Andrews governments will jointly fund renewable energy zones, offshore wind projects and interconnectors under the first tranche of Labor's rewiring the nation" commitment to plug more renewable power generation into the national grid.
The new agreement, reached ahead of next Tuesday's federal budget and the Victorian state election in November, will see $1.5bn in concessional financing made available for renewable energy zone projects in the state.
Sign up for our free morning newsletter and afternoon email to get your daily news roundup
Continue reading...