CRADLE COAST FUTURE ENERGY HUB NEWS

Backing for Tasmania’s energy future

As Tasmania powers ahead with its renewable energy ambitions, the projects are receiving strong support from all levels of government. Significant levels of government investment to advance the projects demonstrates the high level of confidence in supporting Tasmania’s future energy potential.

The table below details this support.

Hydro Tasmania and TasNetworks continue to work closely with the Tasmanian and Federal Governments to progress the opportunities. The Australian Renewable Energy Agency (ARENA) has supported the Battery of the Nation and Marinus Link projects with funding through its Advancing Renewables Program.

The Federal Government also announced the “Energising Tasmania” initiative. This will see the delivery of fee-free training and support for fee costs, supporting Tasmania to develop a skilled workforce equipped with the expertise needed for the pipeline of renewable energy projects under investigation and in development.

Support will also be provided for industry engagement, workforce planning and development, and building training provider capacity.

Project Name Total Value Funding Providers Status
Energising Tasmania $17,000,000 100% Australian Government Current
Project Marinus
Project Marinus: Further Bass Strait Interconnection $20,000,000 50% ARENA
50% Tasmanian Government		 Complete
Project Agreement for Marinus Link $56,000,000 100% Australian Government Current
Battery of the Nation
Concept study of Tasmanian pumped hydro options $601,000 50% ARENA
50% Hydro Tasmania		 Complete
Pre-feasibility study for pumped hydro options $1,430,000 50% ARENA
50% Hydro Tasmania		 Complete
Pumped hydro feasibility study – identifying the first site Up to $30,000,000 100% Hydro Tasmania Current
Repurposing the Tarraleah Hydropower Scheme $5,000,000 50% ARENA
50% Hydro Tasmania		 Current
Augmenting the hydropower system $1,000,000 50% ARENA
50% Hydro Tasmania		 Complete
Future energy market analysis – Stage 1 $1,000,000 50% ARENA
50% Hydro Tasmania		 Complete
Future energy market analysis – Stage 2 $1,000,000 50% ARENA
50% Hydro Tasmania		 Complete

Have a question? Get in touch, we’d love to chat with you.

Tasmanian energy fast facts

  • Tasmania is on track to become 100% self-sufficient in renewables by 2022
  • Tasmania now has a new renewable energy target - 200% of current needs by 2040
  • Tasmania is in the path of the Roaring Forties, winds that blow at consistently high wind speeds and are a fantastic wind resource!

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