Australia’s Queensland commits $114m to renewable power projects

14 November 2017 (Last Updated November 14th, 2017 12:22)

The Government of Queensland in Australia has committed a A$151.6m ($114m) investment in new renewable energy projects as part of the state’s Powering Queensland’s Future Plan scheme.

The Government of Queensland in Australia has committed a A$151.6m ($114m) investment in new renewable energy projects as part of the state’s Powering Queensland’s Future Plan scheme.

Of the total commitment, A$97m ($74m) will be provided to develop solarpower projects in schools, while a A$50m ($38m) down payment will be offered for a new solar thermal power plant.

The commitment also includes an A$1m ($765,694) study to develop renewable solutions for the Daintree region and A$3.6m ($2m) to help decarbonise remote communities.

It also expects to support a pipeline of A$20bn ($15bn) in proposed investment that would create up to 15,000 jobs in and around Queensland.

“We are committed to our transition to at least 50% renewable energy in Queensland by 2030.”

Queensland Premier Annastacia Palaszczuk was quoted by North West Star as saying: “We are committed to our transition to at least 50% renewable energy in Queensland by 2030.”

The government has also revealed that it plans to establish a new publically owned power generation company, CleanCo. This project aims to deliver 1,000MW of renewable energy projects in Queensland, with special focus on flexible dispatchable generation.

With the new Powering Queensland’s Future Plan, the Government of Queensland further seeks to help fight climate change and protect the region’s natural assets including the Great Barrier Reef.

Supporting the plan, global solarpower project developer SolarReserve intended to develop up to six solar thermal facilities able to generate up to 900MW of clean energy. A total sum of A$3.8bn ($3bn) is estimated to be invested to develop the facilities over the next decade.