The Albanese Government is accelerating the delivery of reliable renewable energy in the Northern Territory after signing a landmark $250 million deal with the Lawler Government as part of the Rewiring the Nation Program.

Through the Clean Energy Finance Corporation (CEFC), the investment will create hundreds of new jobs and see the power grid upgraded and expanded across the Territory, supporting major transmission projects and bolstering grid strength.

The Rewiring the Nation investment will also accelerate the rollout of transmission projects across the Territory with the first wave of these to be completed before 2030.

We have also signed an agreement to deploy community-scale solar, rooftop solar and clean energy technologies. This will provide up to $500 in energy cost savings per year for consumers locked out of installing their own rooftop solar, like hardship customers, renters and apartment dwellers.

Working together the Commonwealth and Northern Territory Governments are securing crucial power bill price relief for Territorians, ensure the Territory’s growing share of renewable energy is more reliable and secure and reducing emissions.

Projects financed under this agreement will contribute to the energy mix across the Territory by increasing amounts of renewable generation such as solar and wind and reducing reliance on power generation from fossil fuels.

In addition to priority projects supporting the Darwin-Katherine Interconnected System (DKIS), there is potential for projects in Alice Springs and Tennant Creek to also receive support as part of the decarbonisation of the NT’s energy system.

The Commonwealth has now negotiated five agreements under the $20 billion Rewiring the Nation program, with previous deals in New South Wales, Tasmania, Victoria and Western Australia.

Australia’s electricity system is changing rapidly, but progress on critical transmission projects stalled under the former federal Government. The Albanese Labor Government is getting on with the job and working closely with states to deliver these vital projects on time and at lowest cost through Rewiring the Nation.

Source: Northern Territory Government Newsroom