Battery of the Nation boost
The first of the new twin power cables proposed between Tasmania and Victoria could be laid as soon as 2028, although there's still no confirmation of who's paying for them.
The $3.5 billion Marinus link will today be confirmed as part of the Australian Energy Market Operator's 20-year power strategy for the country.
It's the latest indication the ambitious cable project will go ahead; it's tipped to create nearly 3000 jobs in Tasmania.
Energy Minister Guy Barnett says it'll unlock of pipeline of investment in renewable energy, but he's adamant Tasmania won't be picking up the entire tab.
"The Tasmanian Liberal Government stands steadfast - Tasmania should only pay our fair share for what is strategic national infrastructure benefiting the nation," said the Minister.
"Marinus Link is the key to Tasmania’s biggest economic opportunity during the next decade and will play a vital role as we rebuild from COVID-19, by injecting up to $2.9 billion into our economy and creating up to 2,800 direct and indirect jobs across our state and Victoria, with the majority in regional Tasmania.
"Marinus Link will also unlock a pipeline of investment in renewable energy and long-duration energy storage with an estimated value of up to $5.7 billion and 2,350 jobs."