A re-elected majority Liberal Government will oversee a $700 million investment in Tasmania’s Renewable Energy and Hydrogen Future.

We will partner with the Australian Government to totally redevelop the Tarraleah power scheme. The project is expected to create 100 immediate new jobs on the ground and rising to 250 jobs during the peak of construction over the following four years.

The project will include building a new 220-megawatt power station (currently 110 megawatts), with up to 24 hours of energy storage. The $700 million project is expected to commence in 2022 subject to negotiations which are already underway with the Australian Government to provide up to $65 million in funding and an underwriting agreement for the project.

We will also work with the Australian Government to establish Bell Bay as one of the nation's recognised Hydrogen Hubs. An additional $100,000 will be invested in the Tasmanian Hydrogen technology cluster initiative led by Bell Bay Advanced Manufacturing Zone to support this exciting opportunity.

Our major energy projects have the capacity to transform Tasmania’s economy, create thousands of jobs, inject billions into the economy, protect energy security and create downward pressure on energy prices.

Only a re-elected majority Gutwein Liberal Government has a clear plan to secure Tasmania’s energy future.

The full policy is available here.