The federal government says it has reached an underwriting agreement with New South Wales transmission provider Transgrid to deliver early works for the proposed Victoria to New South Wales Interconnector (VNI) West.
VNI West is expected to deliver up to 1,800MW of additional capacity between New South Wales and Victoria.
This will enable greater utilisation of Snowy Hydro’s existing capacity and help unlock the benefits of Snowy 2.0’s on-demand, dispatchable generation to keep the lights on and prices low for consumers. Further it will support the record levels of investment in renewables including household solar of which Australia is a world leader.
Through $75.8 million in underwriting, the government will enable Transgrid to commence community and stakeholder engagement, project planning and technical design. This will ensure the VNI West interconnector remains on track and the delivery of Project Energy Connect (PEC), HumeLink and VNI West are well integrated.