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 |
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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!