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The Guardian - AU
The Guardian - AU
National
Josh Taylor

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

NSW Labor leader Chris Minns
NSW Labor leader Chris Minns. Labor’s promise comes a day after the Coalition announced a ‘clean energy superpower fund’. Photograph: Bianca de Marchi/AAP

A New South Wales Labor government would create a $1bn state-owned energy security company to drive investment in renewable energy projects and lower prices in the state, the party’s leader, Chris Minns, has said.

On Sunday, Labor will pledge to establish a NSW “energy security corporation”, an investment vehicle for renewable energy projects in the state, should the party win the 24 March state election.

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