Manufacturing News, Sustainability

Renewable energy boost boom for regional jobs

Federal Government's announced a greatly expanded Capacity Investment Scheme to back renewable energy and storage.

Energy experts and community advocates around the country are welcoming the Federal Government’s announcement of a greatly expanded Capacity Investment Scheme to back renewable energy and storage.

The Government has announced it will expand the scheme to support the delivery of a combined 32 gigawatts of variable capacity, like large-scale solar and wind farms, and dispatchable capacity, like big batteries.

The delivery of this clean energy infrastructure will create new, renewable energy jobs.

This would see a doubling of the renewable energy in Australia’s electricity grid, and is equivalent to more than 10 times the current total electricity generation capacity in the whole of Tasmania.

Justin Page, Hunter Jobs Alliance coordinator said, “As an organisation that supports growth and investment in renewable energy in the Hunter, we see the huge potential that this announcement has for local and sustainable jobs in energy, manufacturing and supply-chains.”

“With the right Government Policy and Framework settings we have the opportunity to maximise local content, mitigate environmental impacts and provide community benefits to the Hunter region.”

“The transition away from coal is a global reality, and in a time of change, we need to build new sustainable industries and opportunities to ensure the Hunter remains a great place to live for both us and our children. This level of investment in renewable energy infrastructure will mean local workers will have more opportunities in the transition, and are better placed to move into future-proof careers.”

Stephanie Bashir, CEO Nexa advisory and energy expert, said, “This announcement by Minister Bowen shows leadership and determination to get Australia’s energy transition back on track.”

“Supercharging the CIS to 32 GW is a pragmatic and cost-effective solution for households, business and the government. It will incentivize renewable energy and firming capacity, and it will do so in a timely way.”

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