Today’s release of the Tasmanian Renewable Energy Action Plan (TREAP) is an important milestone for our State and will cement our reputation as the renewable energy powerhouse of Australia.
The TREAP clearly outlines how Tasmania will achieve our immense renewable energy potential, setting clear targets and actions that will build on Tasmania’s natural competitive advantages, attract large scale investment and significantly grow and expand Tasmania’s renewable energy sector into the future.
We have already made significant progress in driving our renewable energy future since our draft action plan was released earlier this year.
Tasmania is now 100 per cent self-sufficient in renewable energy, and we have legislated our world leading target to double our renewable generation to 200 per cent of our current needs by 2040.
The Project Marinus and Battery of the Nation Memorandum of Understanding, signed with the Australian Government earlier this month, is another major milestone on Tasmania’s journey to being the renewable energy powerhouse of Australia.
We have also completed the initial funding round of our $50 million Renewable Hydrogen Industry support package and commenced the rollout of the $16 million Energising Tasmania skills and training initiative, supporting the development of the skilled workforce our renewable energy future will need.
As well as guiding our ongoing targets and renewable projects, the Action plan also includes:
The Plan also includes our firm commitment to achieving the lowest regulated electricity prices in Australia for residential and small business customers by 2022. We are well on track to achieve this target, but we can and will do more.
The Tasmanian Renewable Energy Action Plan will establish the platform to transform Tasmania from being Australia’s renewable energy powerhouse into a world leading provider of clean, reliable and affordable energy.
The Tasmanian Renewable Energy Action Plan can be found here: www.renewablestasmania.tas.gov.au/TREAP