The Clean Energy Council welcomes today’s news of $3.8 billion in funding locked in by the Clean Energy Finance Corporation for the Marinus Link undersea electricity transmission cable between Tasmania and the mainland.
Clean Energy Council Chief Policy and Impact Officer, William Churchill, said the project is a win for Australia’s energy transition, and a major step forward in expediting the move towards cleaner, more reliable and affordable energy powering the National Electricity Market.
“Tasmania’s promise to become the ‘battery of the nation’ is a step closer to being realised, with today’s announcement of Marinus Link Stage One reaching financial close,” he said.
“This is an historic step forward for Australia’s transition to clean energy and a project that has been long in the making, which the Clean Energy Council has strongly backed.
“We know that this vital infrastructure that will increase the viability of future wind farm development and energy export capacity from the Apple Isle to the mainland, speeding up our nation’s transition to clean energy as we exit Australia’s ageing, inefficient and costly coal-fired power fleet in the next five years," he said.
Tasmania’s promise to become the ‘battery of the nation’ is a step closer to being realised, with today’s announcement of Marinus Link Stage One reaching financial close.William Churchill Clean Energy Council Chief Policy and Impact Officer
Once built, Marinus Link will improve the connection between Tasmania and the national grid, importing low-cost surplus solar from the mainland during the day, while green hydropower can then be exported to the mainland grid at peak periods, bringing down energy costs.
“Marinus Link’s fibre optic cables will also drive up broadband speeds, increasing internet capacity between Victoria and Tasmania by 150 times, which is good news for everyone,” Mr Churchill said.
ENDS
For more information or to arrange an interview, please contact:
Liam Straughan
Clean Energy Council Media Officer
+61 409 470 683
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