Ann: APA responds to media speculation, page-7

This may explain the offer for Basslink. These are just extracts from a long document. From importing power at times, I assume they will become an exporter of power to the mainland. ORG and AF are already planning big investments around Bell Bay.

The factors to realise a global hydrogen economy are starting to emerge, and Tasmania is well placed to be at the forefront of this new industry.

As the global push to decarbonise gathers pace, low carbon sources of energy will become increasingly important to achieve sustainability objectives. With no carbon emissions when produced from renewable energy, hydrogen is recognized as an important enabler for the transition to a global clean energy system. With declining costs of renewable energy and hydrogen technology, and emerging export and domestic markets, the factors required to develop a global renewable hydrogen sector are starting to be realised.

Why Tasmania? Tasmania is in a unique position to take advantage of the global momentum behind hydrogen. With its abundant renewable energy and water resources, Tasmania is well positioned to capitalise on this new global industry. The Tasmanian Government is actively preparing for this exciting opportunity in recognition that Tasmania’s strengths make it an ideal location for the development of renewable hydrogen projects. Importantly, our mix of established reliable renewable generation can enable a renewable hydrogen industry much sooner, and likely at lower cost, than can be achieved in other Australian states.

Tasmania’s key competitive advantages include: • high renewable energy contribution from low-cost reliable hydropower and wind • access to abundant fresh water • industrial precincts with available land and access to high quality infrastructure. Vision Tasmania will use our existing and expandable renewable energy resources to become a leader in large-scale renewable hydrogen production. From 2030 we will be a significant global supplier of renewable hydrogen for export and domestic use.

Goals By 2022 to 2024 • Tasmania has commenced production of renewable hydrogen. • Locally produced renewable hydrogen is being used in Tasmania. • Export based renewable hydrogen production projects are well advanced.
By 2025 to 2027 • Tasmania has commenced export of renewable hydrogen.
From 2030 • Tasmania is a significant global producer and exporter of renewable hydrogen. • Locally produced renewable hydrogen is a significant form of energy used in Tasmania.