The objective of the Project Specification Consultation report is to spell out the identified need driving the investment and potential options.
Report extract
Australia’s energy sector is undergoing unprecedented change, quickly transitioning to cleaner energy sources. New generation is increasingly from variable renewable sources such as wind and solar that are not always available on-demand to meet customer energy needs. Australia’s large fleet of synchronous coal-fired generators is starting to retire as plant reaches end of life. To ensure Australia’s energy supply is affordable, reliable, secure and cleaner into the future, the National Electricity Market (NEM) will need diverse generation and load sources, storage and dispatchable on-demand energy.
Greater interconnection between Tasmania and the rest of the NEM – the potential Marinus Link – can support these outcomes and provide significant economic stimulus to regional communities in Tasmania and Victoria.