The government of the Australian state of New South Wales (NSW) has revealed that its plan to replace coal-fired power stations and transition to renewable energy will be subject to higher costs and delays.
In her briefing on the Labor government’s network infrastructure strategy, NSW Energy Minister Penny Sharpe expressed concerns that the project would cost more and take longer time to complete than when it was proposed in 2020.
“I want to be very upfront about this. There’s some real challenges within this plan,” she told reporters.
The strategy outlined NSW’s plan to “modernise” the state’s energy system to cut carbon emissions by 50 percent by 2030 and reach net-zero by 2050 while meeting the rising electricity demand….