The Labor government has a plan to increase the share of renewable energy in the grid to 82 per cent by 2030, but many experts and investors say reaching that will not be possible without a major upgrade of the poles and wires that transport that power around the grid.
AEMO says five new transmission line projects should be progressed "as urgently as possible"Hundreds of people in a regional Victorian community are campaigning against lines set to go through their town
The Myers family are among hundreds of people in Daylesford and surrounding areas that are campaigning against huge transmission lines set to go through their town, 140 kilometres north-west of Melbourne. Renewables investor John Martin knows that better than anyone. After years working in finance, he started investing in renewable energy in 2017 and has overseen the development of dozens of large projects in Australia, the US, Africa and elsewhere.
His previous investment business, New Energy Solar, built the farm in 2018, and at first everything was perfect. "Plenty of power is being generated by renewable energy resources with simply not enough transmission capacity to get it to load," Mr Martin says. Mr Corbell said that, if the government fixed the transmission network, investors would flock to the market.
However, it's that massive rollout that could leave the government at loggerheads with communities like the one the Myers live in.
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