Tasmania a step closer to being the Battery of the Nation
Published on 27 February 2019
The Mayors of Northern Midlands, Kentish, Latrobe, West Coast, Burnie City and Circular Head Councils have welcomed the further announcement of the Federal and State Government’s support for the Battery of the Nation.
The Mayors said the commitment of $56 million towards the next feasibility stage of the Marinus Link showed the Federal Government recognised the significant benefits to the national energy network.
“The Marinus Link is vital to the whole Battery of the Nation initiative, and will provide the means to connect Tasmania to the mainland electricity grid with increased generation capacity.”
The Mayors also welcomed the investment of the Tasmanian Government of $30 million in the feasibility assessment of three pumped hydro energy storage sites in north-western Tasmania, and advance the first of these sites to final investment decision.
“A number of our communities have a long and proud history of hydro generation, and together with wind and solar farms to support pumped hydro, we see an exciting future for our region.”
“The level of investment, and number of jobs Battery of the Nation projects will generate, will ensure economic growth in our communities for a generation.”
The Mayors also welcomed a commitment from the Federal government to develop an underwriting mechanism for Battery of the Nation through its Underwriting New Generation Investments program.
“This is a vitally important announcement, as the underwriting mechanism will assist in attracting and securing investment for these projects.”