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Underwriting New Generation Investments program

The Underwriting New Generation Investments program is a key part of the Australian Government's plan to deliver affordable and reliable power.

The government received a strong response to the registration of interest process, with 66 proposals submitted, and has agreed to a shortlist of 12 projects: 6 renewable pumped hydro projects, 5 gas projects and 1 coal upgrade project.

As recommended by the ACCC, the selection process has been technology neutral, with projects selected for the shortlist representing a range of fuel types.

The projects were selected to deliver a balance which includes renewable, affordable and reliable power for families and businesses and ensures that Australia meets its 2030 targets.

See Underwriting New Generation Investments program

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Acknowledgement of Country

Our department recognises the First Peoples of this nation and their ongoing connection to culture and country. We acknowledge First Nations Peoples as the Traditional Owners, Custodians and Lore Keepers of the world's oldest living culture and pay respects to their Elders past, present and emerging.

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