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Marinus Ownership Deal Signed To Connect Tasmania To Victoria

A landmark ownership deal has been signed between the Victorian, Tasmanian and Federal governments, connecting the two states with a Marinus Link cable.

Marinus Link is an underground and undersea electricity cable, and stage one is expected to cost in the range of $3 billion to $3.3 billion and be operational by 2030.

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According to the new tripartite ownership deal, Commonwealth has an equity share of 49 per cent, Victoria 33.3 per cent and Tasmania 17.7 per cent.

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Last year Victoria’s energy minister, Lily D’Ambrosio, said new transmission cables would have “a critical role in powering Victorian homes and businesses with renewable energy as our ageing coal-fired generators close”.

The project aims to deliver reliable and low-cost renewable energy to households in Victoria, Tasmania and the wider Australian electricity market.

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