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NSW’s $1b green bank to pick first investment this year

Angela Macdonald-Smith

The NSW government’s new green bank for big batteries and consistent renewables is aiming to finalise its first investment by the end of the year and accelerate projects that will keep the lights on as coal power exits.

The $1 billion NSW Energy Security Corporation has been fielding plenty of inquiries and proposals since its investment mandate was announced by the Minns government in February, said Cameron O’Reilly, who was named on Tuesday as the organisation’s inaugural chairman.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/nsw-s-1b-green-bank-to-pick-first-investment-this-year-20250630-p5mb94