A bright jobs and investment future

All of this proposed renewable energy development will bring with it much-needed jobs and investment for regional areas. In fact, it’s anticipated that these developments will drive billions of dollars in investment, be a source of skills development, and create thousands of jobs in Tasmania. This is alongside delivering energy security for Tasmania and lowest possible power prices for Tasmanians.

Economic analysis undertaken by TasNetworks indicates a significant broader economic contribution from the development, construction, and operation of Marinus Link and supporting transmission. This includes:

  • a broader economic contribution to regional communities in Tasmania and Victoria forecast to be potentially up to $2.9 billion, with an estimated $1.4 billion to the Tasmanian economy and an estimated $1.5 billion to the Victorian economy
  • 2800 jobs, with 1400 in Tasmania and 1400 in Victoria during peak construction.

TasNetworks’ economic analysis also indicates that Marinus Link and supporting transmission unlock a pipeline of investment in renewable energy and long-duration energy storage developments in Tasmania, including new wind farms and pumped hydro energy storage. These developments have an estimated value of up to $5.7 billion and 2,350 jobs.

You can read all about it as part of their business case assessment for the second interconnector.

Getting ready…

Understanding the future workforce requirement is key to ensuring Tasmania is best placed to maximise employment associated with this opportunity.

This is core to the Cradle Coast Regional Futures Plan and something the Cradle Coast Authority is working on extensively. There is also lots of action happening across the state:

  • Collaboration across industry, education and training sectors, government and the community
  • Planning for future course offerings to ensure the right skills are available
  • How to maximise opportunities to train, upskill and attract skilled employees
  • Developing pathways to work for young Tasmanians
  • Actioning the Energising Tasmania Fund
  • Future workforce planning.

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!