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The Guardian - AU
The Guardian - AU
National
Peter Hannam Economics correspondent

Competitive market to build NSW renewables drives energy price floors to record lows

New South Wales Renewable Energy
Solar panels seen in a row
The results of NSW’s first renewable renewable energy tender were released on Monday with record low minimum prices for new projects. Photograph: Lisa Maree Williams/Getty Images

Renewable energy companies have promised to build and operate projects for record low minimum power prices in a New South Wales government tender that shows market interest is high.

The results of NSW’s first renewable energy tender were released on Monday, kicking off a series of auctions to be held over the next decade as the state transitions from coal-fired power generation.

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