Prime Minister Anthony Albanese has labelled a multi-billion renewable energy initiative as a "nation-building project", promising it would help to lower power prices.
The government announced $1.5 billion would go towards Marinus Link, a power project linking Tasmania and Victoria, as well as other renewable initiatives such as offshore wind.
Funding for the Marinus Link will include money from the federal, Victorian and Tasmanian governments, with the prime minister saying it will lead to 1400 construction jobs as well as 1120 other jobs associated with the project.
