The New South Wales state government will invest AU$60 million in the New England Renewable Energy Zone (REZ) to deliver infrastructure, services and employment opportunities in the zone.
The government is making the funding available through the Community and Employment Benefit Program to build local support and create lasting benefits for the region alongside renewable energy development.
This funding is being brought forward to ensure initiatives can start to be delivered well before REZ projects begin construction.
Minister for Energy, Penny Sharpe said: “Renewable energy projects will deliver meaningful and lasting benefits for regional communities in New England and the Upper Hunter, and we’ve taken action to ensure investment will begin to flow well before projects come online.
“This initial $60 million for legacy benefits means communities can start seeing practical benefits early. And it’s just the start – there will be more investment, more local jobs, and significant work for local businesses.”
The program follows a blueprint established by the Central-West Orana REZ, which has already funded key worker accommodation in Mudgee and water security projects in the Warrumbungle Shire.
In New England, EnergyCo will consult closely with local councils and residents to determine how the funds should be allocated, with a focus on long-term regional prosperity.
The New England REZ is part of a once-in-a-generation transformation of NSW’s power system.
Boasting eight gigawatts of network capacity, the zone is expected to generate enough clean power to help stabilise the grid as coal-fired power stations retire.
The REZ is also a major employment driver. It is projected to create over 6,000 full-time construction jobs and 2,000 ongoing operational roles. Local manufacturing, transport, and retail sectors are also expected to see a surge in demand as the region transforms into a clean energy powerhouse.
EnergyCo CEO, Hannah McCaughey said: “I am excited to see funding start to roll out for communities in another Renewable Energy Zone. This is just one of the ways we will see renewable energy translate into regional development.”
