AusEnergy Services Ltd (ASL), has published two reports outling the long-term plan for transitioning New South Wales energy system to renewable energy.
Formerly known as AEMO Services, ASL is the New South Wales consumer trustee, appointed by the State Government to plan, partner and progress long-term investment to help transform the energy system in a way that delivers in the financial interests of electricity consumers.
To deliver on this purpose, ASL has released two cornerstone publications: the 2025 Infrastructure Investment Objectives (IIO) Report and the inaugural NSW Generation Investment Outlook (NSW GIO).
Together these reports provide investors, developers and industry with the long-term plan for delivering New South Wales’ energy transition over the next 20 years and an analysis of the project pipeline that underpins this plan.
IIO report
ASL has selected a new ambitious development pathway for the 2025 IIO Report, which is designed to see a significant increase in the levels of infrastructure development targeted through its New South Wales competitive tender program.
The new pathway is expected to provide the best long- term outcomes for the state’s consumers by putting greater downward pressure on wholesale electricity prices.
To help deliver on this ambition, ASL is calling for promising early-stage and other high- quality projects that can leverage ASL’s tender program to bring-forward the delivery of energy in a way that unlocks the full benefits of the energy transition for consumers, host communities and other stakeholders.
Key features of the IIO report include:
- Targeting 16GW of new generation by 2030, exceeding the 12GW minimum objective
- Targeting 42GWh of new long-duration storage infrastructure by 2034, exceeding the 28GWh minimum objective
- In response to a direction from the New South Wales Minister for Energy, an additional tender for firming infrastructure including storage, demand response and aggregated batteries to commence in Q4 2025. This infrastructure needs to be capable of supplying the Sydney-Newcastle-Wollongong sub-region during peak periods by 2027–28.
- Additional, larger tenders for long duration storage infrastructure in 2026 and 2027
- Planned recommencement of NSW Electricity Infrastructure Roadmap tenders for generation infrastructure in Q2 2026
For the first-time, the IIO Report also enables generation and storage projects to work with New South Wales’ network service providers and EnergyCo to come forward with proposals for network projects within renewable energy zones (REZs)s that can help bring more energy to consumers, sooner.
GIO Report
The new New South Wales GIO complements the IIO Report by analysing the current project pipeline and forecasting how projects may progress through approvals, financing and construction.
The report finds:
- A healthy pipeline of more than 50GW of proposed generation capacity in New South Wales, including 12.5GW of projects already with development approval
- There is sufficient capacity in the pipeline to meet the minimum objectives
- Current project lead times won’t be fast enough to meet the 16GW ambition unless roadblocks are addressed.
The New South Wales GIO will be updated regularly to track the progress of development in New South Wales. It identifies the opportunities and challenges as we deliver the energy transition and can be leveraged as a tool for unlocking barriers.
ASL CEO, Nevenka Codevell, said the 2025 IIO report is a call to action – for more energy infrastructure to be delivered, sooner.
“Since we first published this report in 2021, the momentum has continued to build towards meeting New South Wales’s legislated minimum investment objectives,” she said.
“What we’re finding now is that to maximise consumer benefits, we need to target a greater infrastructure build both before and after 2030.
“From our inaugural New South Wales Generation Investment Outlook (NSW GIO) we know interest in the project pipeline and investment exists, but the pace of development needs to increase.
“It’s our job as the state’s independent Consumer Trustee to use the IIO report and our tenders to help meet this challenge.
“The ambitious development pathway requires a step change in how both proponents and the broader industry accelerate development, as well as the way ASL uses its tenders for long-term energy service agreements to incentivise fast-tracking of quality projects.
“We’ve always had a focus on financial value, and this won’t change. But what we’ve learned is that the projects with local community support and a clear approach to managing delivery risk are more likely to be delivered on time. We’re calling on developers to bring forward these projects, including those at an early stage.”
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