Transgrid has placed orders worth $150 million after the federal government agreed to underwrite a spend of $385 million.
Transgrid has placed the first orders for supplies to build transmission lines that will be vital if Australia is to wean from fossil fuels without blackouts and price surges, after the federal government agreed to underwrite a planned $385 million spend.
Transgrid has warned the delays threaten its capacity to source the materials it needs to construct the transmission lines amid a global race to build infrastructure to connect renewable energy generation. To ease concerns, the federal government has set aside In the next tranche of orders, Transgrid will purchase steel and cables in the next few months for HumeLink and VNI West.The VNI West transmission could boost Victoria’s import and export capacity with NSW by more than 1800 megawatts, and should unlock between 1900 and 5000 megawatts of new renewable projects in Victorian renewable energy zones and help provide access to capacity from the Snowy 2.0 project.
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