Major renewable energy and tech projects such as wind farms and data centres will receive fast-tracked planning approval from the NSW government under a new authority aimed at speeding up major commercial investments into the state.

Treasurer Daniel Mookhey will announce on Monday the opening of expressions of interest for the first round of the government’s new Investment Delivery Authority, which will give expedited approvals of major projects valued at more than $1 billion.

It will also be used to assess hotel developments valued at more than $200 million.

Modelled off the government’s Housing Delivery Authority, which fast-tracks approval for property developers on major residential projects, the IDA was announced in the June budget and will begin assessing projects from this week

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