The Marinus Link will send hydro power to support the Victorian grid while Tasmanian consumers can soak up excess wind and solar power from the mainland.
Context: Deep storage is critical to the faltering clean energy transition
Marinus Link chief executive Caroline Wykamp said the 750 megawatt stage one undersea cable would connect the mainland’s wind and solar farms with 14 terawatt hours of deep storage sitting in Tasmania’s hydro dams, controlled by state-owned Hydro Tasmania. The $3 billion to $3.3 billion cable won’t be ready for the scheduled early closure of the nation’s largest coal-fired power station – Origin’s Eraring – which may add to the arguments for the NSW government to“It adds the capacity and that storage element that Victorians don’t have access to at the moment.
Climate Change and Energy Minister Chris Bowen extended a lifeline to the project on Sunday, taking on half of Tasmania’s share of the project on behalf of the federal government.when the federal funding deal was announced last October “You have access to the cheapest forms of energy with more interconnection. You’ll get a lot more negative prices, so we’ll get paid to take energy during the day here in Tassie, that has to bring you your bills down,” said Ms Wykamp, who joined Marinus from Hydro Tasmania in January to kick the project along.
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