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NSW government exits renewable energy assets

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December 8
10:10 PM 2013

The New South Wales (NSW) government has called for expressions of interest in Green State Power's assets. The sale of the state's renewable energy assets is needed to fund the government's infrastructure projects, according to Brisbane Times.

The assets to be sold include a wind farm, hydro generators, and 1,634 hectares of Mallee trees for registration with the Clean Energy Regulator for carbon storage. According to Treasurer Mike Baird's statement, the package has a total output of 105 megawatts. It also has corresponding long-term contracts for a proportion of the output, the report said.

Treasure Baird said of the assets: "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."

The proceeds from the sale will go to the infrastructure fund of the NSW government. Of the said funds, 30% will be allotted for regional projects, the report stated.

The NSW government set the deadline for expressions on January 28 at 10am (AEDT), Brisbane Times reported.

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