Tasmanian Renewable Energy Action Plan

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TASMANIANRENEWABLEENERGY ACTIONPLANDepartment of State Growth

Image courtesy Hydro Tasmania

ContentsTASMANIAN RENEWABLEENERGY ACTION PLANDECEMBER 2020Minister’s foreword1Tasmania’s renewableenergy future – Whywe need a RenewableEnergy Action PlanPage 32 Vision and prioritiesPage 63What has beenachieved so farPage 10Tasmanian4 OurRenewable EnergyAction Plan – ActionsPage 15Making it happen –5 Howwe will deliveron our RenewableEnergy Action PlanPage 52

Minister’sforewordTasmania is the renewable energypowerhouse of Australia. Ourrenewable energy resources andexpertise in developing renewableenergy is a 21st century competitiveadvantage. Tasmania is blessed withnatural assets, we have world leadingwater and wind resources. By seizingTasmania’s immense potential,renewable energy can grow oureconomy, attract investment, createjobs and support Australia’s transitionto renewable supply.As a result of COVID-19, there areunprecedented challenges facing Australianhouseholds and industries. Throughout 2020,the Tasmanian Government took decisiveaction to safeguard our energy supply as thepandemic unfolded. As we look to the future,our renewable energy developments will forman important part of rebuildingour economy.Tasmania is Australia’s leading renewableenergy state. We have reached our goalto be self-sufficient in renewables, twoyears ahead of our 2022 target. We arethe first state in Australia, and one of thefirst jurisdictions in the world, with 100per cent renewable energy generation. Thisconfirms our status as a world leader in cleanenergy generation.Complementary to our renewable energygoals is a firm commitment to achieving thelowest regulated electricity prices in Australiafor residential and small business customersby 2022. We are well on track to achieve thistarget, but we can and will do more.1We have legislated our target to double ourinstalled renewable generation capacity witha target of 200 per cent of our current needsby 2040. Our Tasmanian Renewable EnergyTarget, or ‘TRET’, is a world leading goal.Far beyond our sister Australian states andterritories, our goal is unmatched globally.The opportunity to double our alreadysignificant renewable energy production,injecting billions into our economy andcreating thousands of local jobs, improvingenergy security and placing downwardpressure on electricity prices, will largelybe realised through our nationallysignificant Project Marinus and Batteryof the Nation projects.Our 50 million renewable hydrogen industrydevelopment support package is the largestout of all Australian states and territories.This will kick-start the renewable hydrogenindustry in Tasmania, creating hundreds ofadditional jobs and injecting further billionsinto our economy.Renewable hydrogen has the potential to beTassie’s superpower and, underpinned by ournation leading renewable energy generationcredentials, is a competitive advantage we areseeking to maximise to create a new growthsector for the state.Tasmania aspires to lead the way as aregion for new and expanded industrialdevelopments on-shore – wheremanufacturing, commercial and industrialoperations can directly access our low cost,reliable and clean electricity resources.In fact, we will continue our strategyof utilising renewable energy as a keyeconomic driver that benefits all Tasmaniansthrough job creation, investment andeconomic development.THE TASMANIAN RENEWABLE ENERGY ACTION PLAN

Tasmanians can be proud that ourrenewable energy generation is at theheart of Tasmania’s nation leading climateaction plans, helping to reduce our emissionsand those of the nation.This version of the Tasmanian RenewableEnergy Action Plan articulates our visionand a suite of actions to develop renewableenergy generation in Tasmania over thecoming twenty years.We have achieved our target of net zeroemissions four years in a row and we stillhave the lowest per capita emissions of allstates and territories.Our plan will define the pathway tosecuring a renewable energy future, creatingthousands of local jobs, strengthening oureconomy and ensuring energy remainsaffordable and accessible.Proudly, we are also one of the lowest netemitters of carbon dioxide on the planet,having reduced emissions by 95 per cent from1990 levels.Renewable energy is consistent with ourpure, fresh and natural Tasmanian ‘brand’which is best represented by our low cost,reliable, clean energy.It cannot be ignored that we produce nearlya quarter of Australia’s renewable energy,while Tasmanians consume just two per centof the nation’s energy.We remain committed to continuing topromote and develop Tasmania’s renewableenergy brand both nationally and globally,ensuring we become an example for the restof the world to follow.Importantly, Tasmanians come first and arecentral to our goal to deliver Tasmanianresidents and small businesses the lowestpossible regulated electricity prices. Asthe energy market undergoes rapidtransformation and technological change, wewill ensure that Tasmanian customers areempowered to manage their energy needsand take advantage of new technology andmarket offerings.This is the beginning of a new era ofrenewable energy expansion for Tasmania– one to rival the immense achievementsof our past. This will be achieved in contextof the deep challenges facing the Australianenergy sector as it transitions to one basedon renewable energy generation sources.The Tasmanian Renewable Energy ActionPlan will establish the platform to transformTasmania from being Australia’s renewableenergy powerhouse into a world leadingprovider of clean, reliable and affordable energy.Importantly, the Tasmanian RenewableEnergy Action Plan will be a dynamicand living document that will be regularlyreviewed to ensure relevancy to the broadtransition facing the Australian Energy sectoras well as changing needs of our communityWe welcome the opportunity to share ourvision, and I encourage you to engage withthe exciting opportunities and initiatives thatour Tasmanian Renewable Energy ActionPlan presents.Hon Guy Barnett MPMinister for Energy2

1. Tasmania’s RenewableEnergy FutureWhy we need a RenewableEnergy Action PlanTasmania has some of the bestrenewable energy resources inthe world. Energy systems inAustralia and globally are currentlyundergoing a rapid transition fromfossil fuels to renewables-basedenergy generation. Nationally, allAustralian states and territories haveset ambitious renewable energy oremissions reduction targets to driveinvestment in renewables and moveto clean energy. This shift in energyproduction represents a significanteconomic opportunity for Tasmania.Tasmania is Australia’s only state, and one ofthe few locations globally, that has achieved100 per cent self-sufficiency in renewableenergy generation. This means Tasmania nowhas the installed capacity to meet our annualelectricity needs from on-island renewableenergy generation. Tasmania is nowgenerating, on average, over 10,700 gigawatthours (GWh) per year.This status, backed by our long historyof investment in renewable electricitygeneration, gives Tasmania a significantcompetitive advantage as an investmentdestination for major renewable energyprojects, nationally and globally. Tasmania isblessed with an abundance of competitivelypriced, reliable and clean renewable energywhich is underpinned by our world class windand water resources.3Tasmania’s renewable energy sector isundergoing unprecedented growth andexpansion. Nationally significant projectssuch as Project Marinus and Battery of theNation are being actively progressed andthere has been major expansion in windfarm investment. Tasmania is also pursuingthe opportunity to become a leader in theemerging global renewable hydrogen industry.The Government’s Tasmanian RenewableHydrogen Action Plan sets out a pathwayto ensure our growing renewable energyresources can underpin the quest to becomea leader in large-scale renewable hydrogenproduction. There are also opportunities todevelop the state’s emerging biomass andocean energy sectors.To drive investment and expansion of therenewable energy sector, the Governmenthas recently legislated the TasmanianRenewable Energy Target (TRET). TheTRET will increase the state’s renewableenergy output equivalent to 200 per cent ofrenewable electricity generation levels (setat a baseline of 10,500 GWh). This meansthat by 2040, Tasmania will produce twiceas much renewable electricity as the 10,500GWh baseline.As part of this journey, the Government hasalso set an interim target of 15,750 GWh ofelectricity generation from renewable energysources by 2030 (a target of 150 per cent).The TRET goes far beyond other Australianstates and is unmatched globally.THE TASMANIAN RENEWABLE ENERGY ACTION PLAN

In early 2021, the Government will publishfor consultation its Renewable EnergyCoordination Framework (the Framework)which sets out the actions to support therenewable energy growth required toachieve our TRET. Central to the Frameworkis ensuring that the benefits from renewableenergy projects, such as jobs and investment,are maximised for local communities.It will also ensure that local communitiesare listened to, and fully consulted whenlarge scale renewable energy developmentsare proposed.With Tasmania’srenewable energy sectorgrowing as never before,now is the time to seta clear pathway forTasmania.With Tasmania’s renewable energy sectorgrowing as never before, now is the time toset a clear pathway for Tasmania.The Tasmanian Renewable Energy ActionPlan (TREAP) details the Government’svision for our renewable energy future. Itsets clear targets and actions designed tobuild on Tasmania’s natural competitiveadvantages and attract large scale investmentto significantly grow and expand Tasmania’srenewable energy sector into the future.Image courtesy Hydro Tasmania

Tasmania is in a unique positionas a leader in renewable energygiven our history of developmentand our world class energy resource.5 TasmaniaImage courtesy HydroTHE TASMANIAN RENEWABLE ENERGY ACTION PLAN

2. Vision and PrioritiesThe Tasmanian Government has identifiedrenewable energy as a key economicdriver for the future. The TasmanianRenewable Energy Action Plan (TREAP)will be key to the Government’s vision ofutilising renewable energy to benefit allTasmanians through job creation, helpingour environment and driving investment andeconomic growth.Our TREAP will deliver for Tasmanians inthree key priority areas:Tasmania is in a unique position as aleader in renewable energy given ourhistory of development and our worldclass energy resources. In Tasmania,we have the potential to build a trulysustainable, prosperous, 21st centuryeconomy based on affordable reliable,clean energy that will create jobs andalso play a major role in reducingcarbon emissions across Australia.Transforming Tasmania into aglobal renewable energy powerhouseMaking energy workfor the Tasmanian communityGrowing the economyand providing jobs6

Stakeholder &Community ConsultationMAY 2020 CONSULTATIONIn May 2020, the Government published itsDraft TREAP and a consultation period washeld from 22 May 2020 to 11 September2020. Thirty-three consultation responseswere received from stakeholders, rangingfrom Government-owned energy businesses,wind farm operators, academic andresearch institutions, business organisations,community groups, and members ofthe public. The key message from theconsultation was overwhelming support fromrespondents for the expansion and growth ofTasmania’s renewable energy sector. Copiesof submissions can be found can be foundunder Consultation at:www.renewablestasmania.tas.gov.auSNAPSHOT OF KEY ISSUES RAISEDDURING CONSULTATIONTasmanian Renewable Energy Target(TRET) Overwhelming support for the200 per cent Renewable Energy Target.In these challenging times with theimpacts of the COVID-19 crisiscontinuing, it is more importantthan ever to build resilience intoour economy.As part of the wider post COVID-19economic recovery strategy, theTasmanian Government has committedto focus on the role that the renewableenergy sector can play in boostingjobs and investment. The TREAP willbe key to this goal and describes acomprehensive strategy to drive andsupport the long-term growth of ourrenewable energy sector.7Development of a renewablehydrogen industryStrong support for a renewable hydrogenindustry. The potential for hydrogen todecarbonise major industries and transportwere identified as key opportunities.Engaging with local communitiesThe need to undertake a best practiceapproach to engaging with communities whenlarge scale renewable energy developmentsare planned to secure community supportwas identified as a high priority.Project MarinusProject Marinus was identified by a numberof stakeholders as being central to Tasmaniaachieving its renewable energy objectivesand, in particular, the TRET. Ensuring thatTasmanians only pay an appropriate andequitable cost for Project Marinus wasidentified as a key issue.THE TASMANIAN RENEWABLE ENERGY ACTION PLAN

Establish Renewables TasmaniaThe importance of Renewables Tasmania’srole in renewable energy developmentwas recognised with particularly strongsupport for its establishment from theUniversity of Tasmania (UTAS) andCradle Coast Authority.Development of Bioenergy opportunitiesA number of stakeholders identifiedopportunities for bioenergy including theproduction of biofuels, biogas and convertingwaste streams into bioenergy.Skills and TrainingEnsuring that Tasmanian workers have accessto the skills and training that an expandingrenewable energy sector will require, wasidentified as an action of key importance.CHILDREN’S AND YOUNGPEOPLE’S CONSULTATIONIn addition to the formal consultation onthe TREAP, the Department of StateGrowth partnered with the Commissionerfor Children and Young People (CCYP),to undertake a dedicated consultation withyoung people on the TREAP and produceda young people and child friendly version ofthe TREAP. The children’s and young people’sconsultation on the TREAP commencedon 22 September 2020 and closed on 22October 2020.This is the first time that the Governmenthas specifically sought to directly engagewith, and seek the views of, young people inrelation to a major policy initiative.Representatives from the Department alsoattended the Commissioner’s State-wideAmbassadors Event on 25 September 2020and received a number of submissions fromthe young Ambassadors on the day. TheDepartment received 82 submissions fromyoung people and children, attesting to theimportance they place on issues, such asclimate change and renewable energy.SNAPSHOT OF KEY ISSUESRAISED DURING THE CHILDREN’SAND YOUNG PEOPLE’S TREAPCONSULTATIONOverwhelming support for the 200 percent target – respondents saw the TRETas an important mechanism to ensure theGovernment is accountable and showsleadership in achieving it.High level of support for turning wastestreams into bioenergy and producingbiofuels were identified as key opportunities.High level of support for major renewableenergy projects (although some respondentsraised concerns about the cost implicationsand the affordability of electricity prices).Overwhelming support forelectric vehicles.Overwhelming support for renewable energyas part of the Tasmanian ‘Brand’.Listening to ourstakeholders –Consultation responseand actionsThe Government is highly appreciative of thenumber of responses it has received fromboth the May 2020 consultation and fromthe Children and Young People’s consultationon the draft TREAP. The submissions andother discussions have been extremelyhelpful in assisting the Government refineand finalise the TREAP. The new ideasand recommendations raised during theconsultation have played a key role indeveloping a number of new Actions whichhave been added to the final Plan. These newActions are identified as NEW ACTIONS inthe Plan. More details on these Actions areprovided in Section 4.8

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3. What has beenachieved so farKEY ACHIEVEMENTS ANDHIGHLIGHTS SINCE THE MAY 2020PUBLICATION OF THE DRAFT TREAPAchieving 100 per cent self-sufficiencyin renewable energy generationbefore 2022One of the Tasmanian Government’s keyelection commitments in 2018 was thatTasmania would become 100 per cent selfsufficient in renewable energy by 2022.On 27 November 2020 the Governmentannounced that Tasmania has met its targetwell ahead of 2022 and is 100 per cent selfsufficient in renewable energy, confirmingTasmania’s status as a world leader inrenewable energy generation.Tasmania is the first state in Australia and oneof only a handful of jurisdictions in the worldto achieve this target. Further information isavailable under 100% target achieved atwww.renewablestasmania.tas.gov.auLegislation of the world-leadingTasmanian Renewable Energy Target(TRET) of 200 per cent of our 2022baseline of 10,500 GWh of renewableenergy generation by 2040, has beenpassed by the Tasmanian ParliamentLegislation to formalise the world leadingTRET passed in both Houses on 18November 2020. The legislation will establishthe TRET and an interim renewable energytarget. Legislating the TRET will provideconfidence for investment in new renewableenergy projects, ranging from distributedenergy resources (generation units that arelocated on the consumer’s side of the meterand include rooftop solar PV units, batterystorage, electric vehicles and chargers) tolarge scale hydro, wind and solar generation.Legislating the TRET represents one of thefirst major achievements in implementingthe TREAP.Establishment of Renewables TasmaniaThe draft TREAP committed theGovernment to establish RenewablesTasmania to better plan, coordinate andpromote the development of renewableenergy in Tasmania.Facing page: Tanya Dennison fromCradle Coast Authority’s FutureEnergy Hub at Lake CethanaTHE DEPARTMENT OF STATE GROWTHIn December 2020, the Departmentof State Growth launched theRenewables Tasmania les Tasmania will spearheadcommunication of the State’s renewableenergy opportunities as work continues withkey stakeholders to drive the Government’srenewable energy policy agenda.10

Renewables Tasmania will also deliverefficient, transparent regulation of theTasmanian energy sector, oversight of energysecurity under the Risk Response Framework,and support the Tasmanian Government ininfluencing national energy policy.Implementation of the TasmanianRenewable Hydrogen Action Plan –Completion of initial funding roundThe centrepiece of the Tasmanian RenewableHydrogen Action Plan is the TasmanianGovernment’s 50 million TasmanianRenewable Hydrogen Industry DevelopmentFunding Program (Funding Program). Thisprogram is the largest out of all Australianstates and territories.The Funding Program was launched in May2020. In November 2020, the TasmanianGovernment announced that 2.6 millionof the Tasmanian Renewable HydrogenFund was being allocated to supportfeasibility studies for three large-scalerenewable hydrogen projects in Tasmania.The Government will support theprogression of the feasibility of theselarge-scale projects and other hydrogeninvestment projects through the Officeof the Coordinator-General.11Bilateral Energy and EmissionsReduction Agreement with theAustralian GovernmentOn 15 December 2020, the Tasmanianand Australian Governments signed aMemorandum of Understanding (MoU)Bilateral Energy and Emissions ReductionAgreement. Key elements in the MoU includea commitment that the Australian and theTasmanian Governments will work towardsfinalising governance, ownership and fundingarrangements to progress Project Marinus toa final investment decision.Under the MoU, the Governments willjointly provide a further 132.9 million,comprising 39 million from the TasmanianGovernment and 93.9 million from theAustralian Government, to set up a SpecialPurpose Vehicle to progress Project Marinusto a Final Investment Decision. The MoU alsoincludes a commitment from the AustralianGovernment to consider the inclusion of theTarraleah Power Station upgrade as part ofits considerations in the first half of 2021, tounderwrite Hydro Tasmania’s Battery of theNation projects. As part of the MoU signing,the Minister for Energy announced thatCethana was the preferred pumped hydrosite and further work will be progressedon this site.THE TASMANIAN RENEWABLE ENERGY ACTION PLAN

Key achievements at a glanceTARGETLEGISLATIONHYDROGENAchieved 100% selfsufficiency in renewableenergy generationbefore 2022Legislated the world-leadingTasmanian Renewable EnergyTarget of 200% of our currentneeds by 2040Implementation of theTasmanian RenewableHydrogen Action Plan– completion of initialfunding roundMoURENEWABLESSigned Bilateral Energyand Emissions ReductionAgreement with theAustralian Governmentto further progressProject Marinus and theBattery of the NationinitiativesEstablished to coordinate all elementsof the Government’s renewableenergy policy agenda and to continueto oversee the management andregulation of our energy sectorSKILLS &TRAININGRollout of EnergisingTasmania’s skills andtraining uTHE DEPARTMENT OF STATE GROWTH12

The Australian Government has alsocommitted to ‘fast track’ Project Marinusapprovals process under the AustralianGovernment’s “JobMaker” infrastructureplan. The Australian Government’s‘Technology Investment Roadmap’ discussionpaper (which is a strategy to acceleratedevelopment and commercialisation of lowemissions technologies) has also identifiedProject Marinus and Battery of the Nationas critical energy developments for furtherpumped storage and interconnection in theNational Electricity Market.The TasmanianGovernment hasrecently set a targetto transition 100per cent of theGovernment’svehicle fleet toelectric vehicles by2030.13Rollout of Energising Tasmania’s skillsand training initiativeSkills Tasmania is responsible for administeringthe 16.1 million Energising Tasmania skillsand training initiative with the AustralianGovernment. This four-year program willsupport Tasmania to develop a skilledworkforce equipped with the expertiseneeded for the Battery of the Nationinitiative, Project Marinus, a Tasmanianrenewable hydrogen industry, and otherrelated projects in Tasmania. EnergisingTasmania is now fully underway.The Tasmanian Energy and InfrastructureWorkforce Advisory Committee wasestablished to oversee the implementation ofthe Energising Tasmania initiative.In December 2020, an industry-led workforcedevelopment plan (Stage 1) was released withthe intention of informing and driving prioritytraining, and identifying actions that willsupport necessary workforce development.The workforce development plan maps outthe skills and training requirements acrossmajor energy projects in Tasmania for thenext seven years.Rollout of state-wide electric vehiclecharging networkThe Tasmanian Government is facilitatingthe rollout of a state-wide electric vehiclecharging network, including the installationof 14 fast charging stations at 12 strategiclocations around the State. Leading byexample, the Tasmanian Government hasrecently set a target to transition 100 percent of the Government’s vehicle fleet toelectric vehicles by 2030.THE TASMANIAN RENEWABLE ENERGY ACTION PLAN

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4.Our TasmanianRenewableEnergy ActionPlan Actions

In November 2020,Tasmania achievedits status of being100 per cent self-sufficientin renewable electricitygeneration.17THE TASMANIAN RENEWABLE ENERGYACTIONPLANImagecourtesyHydro Tasmania

PRIORITY ONETransforming Tasmania into aglobal renewable energy powerhouseKEY TARGETSTARGET 1TARGET 2TARGET 3In November 2020,Tasmania achieved its statusof being 100 per centself-sufficient in renewableelectricity generationBy 2040 we will doubleour renewable electricitygeneration – with a target setof 200 per cent of our baselineof 10,500 GWh per yearFrom 2030, Tasmaniais a producer and exporterof renewable hydrogenACTIONSSTATUS1.1 Tasmanian Renewable Energy Target Implementation ProgramNew Action1.2 Introduce a Tasmanian Renewable Energy Guarantee of Origin SchemeNew Action1.3 Implement the Tasmanian Renewable Hydrogen Action PlanSubstantiallyProgressed1.4 Develop a Tasmanian policy framework to coordinate the renewableenergy growth required to achieve the Tasmanian Renewable EnergyTargets and to support Tasmanian large-scale renewable energy projects(the “Renewable Energy Coordination Framework”)SubstantiallyProgressed1.5 Continue to progress Project Marinus and Battery of the NationSubstantiallyProgressed1.6 Undertake community consultation on an ambitious Net Zero EmissionsTarget1.7 Scoping study for the development of a Renewable Energy Centre ofExcellenceCommencedCommenced1.8 Develop Bioenergy VisionCommenced1.9 Reducing Transport Emissions PathwaySubstantiallyProgressed1.10 Listening to, and engaging with, young Tasmanians on renewable energydevelopmentsNew Action1.11 Renewable Energy Education ProgramNew Action1.12 Gas Decarbonisation Pathway StudyNew Action18

OBJECTIVEThe Tasmanian Government iscommitted to transforming Tasmaniainto a global renewable energypowerhouse.In 2018, the Government under its TasmaniaFirst Energy Policy, committed Tasmaniato becoming 100 per cent self-sufficientin renewable energy generation by 2022.Tasmania has reached this milestone fullytwo years ahead of schedule.This achievement sets the baseline fordoubling our renewable energy generation to21,000 GWh per annum by 2040. The TRET,in terms of its ambition, is unmatched globally.The TRET is vitally important. It signalsTasmania’s vision to produce more renewableenergy than needed on island to export backto mainland Australia via the existing Basslinkinterconnector and new interconnection andsupporting on-island transmission upgrades(Project Marinus).As the key cornerstone of this objective,the Government will continue to supportand progress major national renewableenergy projects such as Battery of theNation, Project Marinus, and existing andfuture wind farm developments, as well asthe opportunities presented by our emergingocean and biomass resources.Using Tasmania’s natural advantages andexisting renewable resources, the TasmanianRenewable Hydrogen Action Plan will ensureTasmania is perfectly placed to benefit fromthe emerging global renewable hydrogenindustry and we will continue to promoteTasmania as a premier destination forinvestment in clean energy projects.However, the Government recognisesthat community support for large scaledevelopments is necessary to ensurethat renewable energy works for, andbenefits the communities in the areasthat these developments take place.The Government places a high priorityon best practice stakeholder engagement,maximising local community benefits, andsound environmental practices. As suchwe are developing our Renewable EnergyCoordination Framework, to be published inearly 2021, to ensure that local communitiesare properly consulted with, their viewstaken into consideration and that communitybenefits are maximised when large scalerenewable energy projects occur.Tasmania will also continue to take aleadership role in efforts to respond toclimate change. In 2021, this will include theTasmanian Government undertaking anindependent review of the Climate Change(State Action) Act 2008; and conducting adetailed analysis of the pathway Tasmaniawould need to take, to achieve a targetof net zero emissions prior to 2050.19THE TASMANIAN RENEWABLE ENERGY ACTION PLAN

ACTION1.1 Tasmanian Renewable Energy TargetImplementation ProgramSTATUS: NEW ACTIONA key milestone for the implementationof the TREAP was achieved whenlegislation to implement the TRET, alongwith an interim target, was introduced intothe Tasmanian Parliament in November2020 and was passed by both Houseson 18 November 2020.The Energy Co-ordination and PlanningAmendment (Tasmanian Renewable EnergyTarget) Bill 2020 establishes the TasmanianRenewable Energy Target (TRET) andinterim target, setting the baseline100 per cent self-sufficiency at 10,500 GWhand then the following goals that: by 31 December 2030, 15,750 GWhof electricity generated by equipmentconnected to the National ElectricityMarket in Tasmania, in at least onecalendar year, is to be generated by utilisingrenewable energy sources; and by 31 December 2040, 21,000 GWhof electricity generated by equipmentconnected to the National ElectricityMarket in Tasmania, in at least onecalendar year, is to be generated by utilisingrenewable energy sources.The key mechanism for delivering the TRETwill be our Renewable Energy CoordinationFramework (the Framework). TheFramework will coordinate, support and drivethe new investment in renewable energyneeded to reach our 200 per cent target.Open and transparent reporting on theprogress of implementing the TRET is a keypriority. As part of this process, the Directorof Energy Planning will report regularly onthe State’s progress in meeting its renewableenergy targets. Key elements in this reportingprocess will include: the progress made towards meeting therenewable energy targets (interim targetand 200 per cent); and the performance of any schemes that aredeveloped to drive investment and achieveour renewable energy targets.The Director of Energy Planning will reporton the progress of achieving the TRET aspart of the Director’s Annual Report. TheReport is to be provided to the Minister forEnergy by 31 October each year.ACTION1.2 Introduce a Tasmanian Renewable EnergyGuarantee of Origin SchemeSTATUS: NEW ACTIONRenewable energy is one of Tasmania’s greatcompetitive advantages. We are Australia’srenewable energy powerhouse producingand exporting renewable energy into theNational Electricity Market (NEM) as wellas being the first Australian State to achieve100 per cent self-sufficiency in renewableenergy generation. However, at present,the majority of Tasmania’s hydro-electricityis considered ‘below-baseline’ under theAustralian Government’s Renewable Energy20

Target, and does n

Tasmania is the renewable energy powerhouse of Australia. Our renewable energy resources and expertise in developing renewable energy is a 21st century competitive advantage. Tasmania is blessed with natural assets, we have world leading water and wind resources. By seizing Tasmania's immense potential, renewable energy can grow our

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