Australian Chart of the week | Now speed up, gas pedal, gas pedal: faster transition for NSW?

Last month, the NSW government issued a call to renewable developers to respond to a Registration of Interest to develop a pilot Renewable Energy Zone (REZ) in the Central-West region of the state. This REZ – with an estimated worth of $4.4 billion in private investments – is expected to unlock 3GW of new renewable generation.

Remarkably, this is only one of many to come. In this Chart of the Week, we look at the evolution of the energy mix in NSW to establish how far the state is down the energy transition given impending retirements over the next decade and half. Unsurprisingly, and as we have covered in previous issues, black coal provides the bulk of the power supply in the state. What is rather startling however, is the gap in power generation over the last 4 years between generators earmarked for retirement before 2035 and renewables.

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