New transmission link between NSW and Victoria gets $75 M boost
Australia: Network company Transgrid had secured $75 M in federal government funding for the development of a link between Victoria and New South Wales.
Image source: Renew Economy
Australia: Network company Transgrid had secured $75 M in federal government funding for the development of a link between Victoria and New South Wales.
The link will boost the amount of electricity that can be shared between the two states.
The funding will support Transgrid’s early works for the Victoria to New South Wales Interconnector West (VNI West) project that is expected to provide a much needed boost to network capacity in the Western region of Victoria and New South Wales.
It is also seen as crucial to supporting the additional capacity being added to the grid as part of the Snowy 2.0 expansion.
The new interconnector would follow Transgrid’s other investments in HumeLink and Project Energy Connect, which will boost network capacity and the ability to share renewable supply across Victoria, New South Wales and South Australia.
“The new 500 kV interconnector would improve supply reliability and increase customer access to cheaper, cleaner electricity from generators like Snowy 2.0, as energy storage becomes critical to support growing renewables,” said Transgrid CEO Brett Redman.
Redman said the project was still in the early stages of the regulatory process but that the support from the federal government would help the project progress to a point where it could be ready to go.
Transgrid said that it expects the regulatory assessment process for the VNI West project to be completed by early 2023.
Source: Renew Economy
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