NSW govt sells renewable energy assets

December 9, 2013 by  
Filed under Green Energy News

The assets of Green State Power will be sold to fund much-needed infrastructure.

They include hydro generators, a wind farm and 1634 hectares of Mallee trees to be registered with the Clean Energy Regulator for carbon storage.

The package has a combined output of 105 megawatts, with long-term contracts in place for a proportion of the output, Treasurer Mike Baird said in a statement on Monday.

“While relatively small in terms of output, these renewable assets are strategically important in ensuring a diverse and clean supply of energy in the national electricity market,” he said.

The proceeds will be invested in the NSW government’s infrastructure fund, with 30 per cent of funds reserved for projects in regional areas.

The deadline for expressions of interest is 10am (AEDT) on January 28.

The NSW government is also selling off Macquarie Generation and expects to launch the sale process for Delta Electricity’s Central Coast power stations shortly.

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