WA funnels a further $500m into energy transition

Monday, 20 May, 2024

WA funnels a further $500m into energy transition

As part of its 2024–25 Budget, the Western Australian Government has announced it will contribute a further $500 million towards the state’s energy transition.

This builds on more than $4 billion committed by the government over the past 12 months to invest in wind generation, battery systems and the electricity grid. The new funding includes a $324 million investment into the main electricity network to enable industry to expand and to facilitate job-creating renewable energy projects.

Other investments include $18.4 million for the deployment of 50 standalone power systems in Esperance and the Mid West; $7.5 million to rebuild the Blackstone remote community’s power station; and $4.5 million to buy existing power station assets in Ardyaloon, Bidyadanga, Beagle Bay, Djarindjin Lombadina and Warmun.

The 2024–25 Budget boost brings the total investment by the WA Government into the energy transition to more than $5.4 billion since 2017, including new generation, transmission and storage.

“I’m committed to seeing WA become a renewable energy powerhouse,” said Energy Minister Reece Whitby. “This investment will support the investigation, consultation and planning needed to ensure our state can reap the benefits and economic opportunities of the global energy transition.”

Image credit: iStock.com/Dobe

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