NSW Government approves Hunter-Central Coast REZ project

Core Insights - The Renewable Energy Zone (REZ) project in New South Wales (NSW) has received planning approval to enhance grid infrastructure and support renewable energy generation [1][4] - The project aims to provide 1GW of transfer capacity through improvements to distribution lines and the establishment of two new substations [1] - The REZ is expected to create approximately 590 direct jobs during construction, focusing on local employment [2] Infrastructure Development - The REZ will involve upgrading existing distribution poles and wires to minimize community and environmental impact [5] - The project is part of a broader strategy to phase out coal-fired power stations and ensure a reliable electricity supply [2][3] - Ausgrid has been selected as the preferred network operator and will address community feedback regarding various project aspects [5][6] Renewable Energy Goals - Currently, around 36% of electricity in NSW is generated from renewable sources, with the REZ expected to contribute significantly to achieving over two-thirds of the state's 2030 renewable energy generation goal [3] - The project aligns with NSW's long-duration storage target, aiming for approximately 40% by 2030 [3] - The REZ initiative is crucial for the state's energy strategy as it transitions away from coal dependency [3][4]