Renewable Energy Services Hub Project
In its 2024-25 State Budget, the Tasmanian Government committed $5 million over three years towards the development of a Renewable Energy Services Hub (RESH), to support Tasmania’s broader goals of increasing its renewable energy output and making sure Tasmania is well placed to capture jobs and economic development opportunities from the broader energy transition.
The RESH will focus on providing services to support renewable energy projects. Bell Bay is ideally situated to become a services powerhouse for the renewable energy industry.
The RESH will deliver initiatives to enable Tasmanian businesses to be involved in renewable energy manufacturing, logistics, and maintenance for onshore and offshore projects within the state and beyond. The Future Industries team in ReCFIT is co-designing initiatives with Tasmanian industry and businesses to get the best value from this investment.
Potential benefits
- A fast and efficient transition to renewables
- Economic and jobs growth
- Better use of the local workforce and building of local industry capability
- Growth in industry investment
- Investor certainty
In November 2024, workshops were held with industry to develop initiatives that best capitalise on Bell Bay/Tasmania's comparative advantages. During consultations with industry stakeholders, several key challenges were identified.
Businesses expressed concerns about the need for clearer coordination and leadership to guide investment in the renewable energy sector. Many highlighted delays in approvals as a significant barrier to progress, reducing Tasmania’s ability to compete with other regions. Others pointed to limitations in infrastructure, workforce skills, and housing, which are making it difficult to scale up local capacity. Additionally, there was concern about the reliance on international supply chains, which is limiting opportunities for local businesses and job creation.
If successfully implemented, the Renewable Energy Services Hub has the potential to accelerate Tasmania’s transition to renewable energy, boost economic growth, and create local employment opportunities. By improving industry coordination, increasing investment, and strengthening the local workforce, the project could support Tasmania’s ambition to be at the forefront of clean energy development.
ReCFIT is reviewing the feedback received and will present options to the Government in early 2025. Further updates will be provided as work progresses, ensuring that stakeholders and the community are informed about the next steps in building a strong and sustainable renewable energy sector at Bell Bay.
Contact us
For more information about this project, or if you have any great ideas to share, please contact the Future Industries team via email at futureindustries@recfit.tas.gov.au