NSW Labor pledges $1bn state-owned investment company for renewable projects if elected

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‘Privatisation does not work. It has been a disaster for New South Wales and under Labor it stops,’ leader Chris Minns says

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NSW Labor has said industry had sought government certainty in helping meeting the 2030 targets set under the Coalition government’s $32bn Electricity Infrastructure Roadmap to have five renewable energy zones up and running by 2030, with 2GW of storage. “We want the state to be able to invest in solutions that ensure reliability in the system and keep the lights on and create new jobs for the state,” Minns said in a statement.“This is not a Band-Aid solution. Whilst it will take time for the benefits to be realised, this is a serious, long-term step towards fixing the mess left by the Liberal-National government.”announced by premier Daniel Andrews prior to the Victorian state election in November last year.

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