BlueScope Investing in Renewable Manufacturing Zone in NSW
Australian steel maker BlueScope is backing the New South Wales Government’s ambitious renewable infrastructure plan through AUD 20 million
investments into the development of BlueScope Renewable Manufacturing Zone at its Port Kembla site in the Illawarra. The investment seeks to encourage innovation in the renewable sector and work towards the government’s goal of constructing the state’s Renewable Energy Zones with local materials. BlueScope Managing Director & CEO Mark Vassella said that the investment will be split in two, with half of it going into an incentive program for companies who want to help develop manufacturing capacity in the Illawarra, especially in renewables. And the other half to be invested directly into BlueScope’s steelworks as it looks to become a manufacturer of materials for renewables.
New South Wales Government has released NSW Electricity Infrastructure Roadmap earlier this month. Plan covers the coal-fired generator retirements through the construction of 12 GW of new large-scale solar and wind, along with 2 GW of pumped hydro by 2030,