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NSW investment body backs renewable projects, two hotels, and gas pipeline

Penry Buckley

Penry Buckley

The NSW government has announced the first round of projects it is endorsing through its Investment Delivery Authority (IDA), including more than a dozen clean energy and battery storage projects, two hotels, and one gas pipeline.

The endorsements by the IDA, a body created at this year’s state budget, are not a direct investment, but provide companies with a “concierge service” to cut through red tape, including dedicated government support with planning approvals and infrastructure delivery.

The NSW treasurer, Daniel Mookhey, who is appearing before budget estimates today, says the IDA “is helping ensure major investment proposals that matter to our economy receive the attention they require”.

The 16 projects, worth a combined $34.4bn, include 13 renewable energy or battery storage sites, such as electricity and gas giant AGL’s Hunter energy hub, and wind and solar farms. They also include Hunter Gas Pipeline Pty Ltd, acquired by Santos in 2022, which owns an approved gas pipeline route from Wallumbilla in Queensland to Newcastle, passing close to Santos’ controversial Narrabri gas project.

The other endorsements are two hotel projects worth a combined $482m. One, the Vuez Eco Resort, describes itself on its website as a “future-focused eco-tourism destination on the shores of Lake Jindabyne, bringing together sustainable design, nature, and year-round alpine experiences”.

The other is a redevelopment of a heritage-listed warehouse near Sydney’s Central station that was gutted during an “apocalyptic” blaze in May 2023. The state government expects to announce data centre proposals to the IDA at a later date because of the scale of energy and water infrastructure required by the sector.

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