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Newcastle Herald
Newcastle Herald
National
Matthew Kelly

Renewable energy precinct likely to attract $28 billion in private investment: report

Hunter Ampcontrol Rod Henderson
Leading the way: CSIRO's Energy Centre at Mayfield is playing a critical role in the Hunter Region's clean energy future.

A Hunter Renewable Energy Industrial Precinct could attract $28 billion in private investment, support 34,000 new jobs and earn $11 billion annually by 2032, an economic analysis of the project shows.

The ACIL-Allen modelling commissioned by Beyond Zero Emissions (BZE) and World Wildlife Fund (WWF)-Australia also shows the Hunter has more than enough renewable energy potential to power the precinct in addition to allowing existing industry giants to achieve their decarbonisation commitments as well as support emerging green industries.

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