Federal Climate Change Minister Chris Bowen says the deal will increase renewable supplies to the east coast and put 'downward pressure' on energy prices.
The federal government has agreed to cover the multi-million-dollar cost of connecting what will be one of the world's biggest wind farm precincts to Australia's power grid.The infrastructure is already under constructionIts investment arm, the Clean Energy and Finance Corporation , has committed $160 million to connect the Southern Renewable Energy Zone , to the national electricity market.
It requires 65 kilometres of overhead transmission lines and two switching stations to be connected to the energy market.
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