The NSW government's electricity supplier has been asked to buy a substantial amount of energy from the state's solar farms – enough to power about 700 schools.
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The initiative aims to support development of large-scale solar farms in NSW, eight of which are competing for a share of $100 million in funding from the Australian Renewable Energy Agency.
Industry, Resources and Energy Minister Anthony Roberts said the government has asked ERM Power to purchase up to 92 gigawatt hours of energy from NSW solar farms.
"This renewable energy power purchase agreement is an innovative way for the NSW government to use a portion of its energy needs to improve the competitiveness of these shortlisted projects," he said.
"We are providing the solar industry with confidence that the NSW government will support solar investment in our state and providing and opportunity for any of the successful short-listed projects to secure long-term financial certainty."
