Call out for renewable power players
Renewable power players can now throw their hats in the ring to be part of the state’s renewable energy zones in southern, central and northern Queensland.
Renewable energy generators and storage projects have until Friday 25 September to register their interest in the next stage of Queensland’s renewable revolution.
The Queensland Government has committed $145 million for three renewable energy zones, to encourage investment, create jobs and develop infrastructure that balances energy supply and storage to better meet customer demand.
All renewable generators, including wind, solar and green hydro, as well as renewable storage projects are encouraged to come forward and show how they could play a role in Queensland’s renewable revolution.
The Queensland Government wants to hear from existing projects as well as new projects that want to be part of a renewable energy zone.
Responses will help determine the scale, location, and timing of potential state-funded infrastructure and developments under the Queensland Renewable Energy Zone (QREZ) funding.
With the right planning, these zones will capitalise on existing projects, make the most of projects already in the pipeline and attract new investment.
The establishment of the three renewable energy zones will be complemented by a $500 million Renewable Energy Fund, announced this week, that will enable Queensland’s state-owned energy corporations to increase public ownership of commercial renewable projects and supporting infrastructure.
Through the Renewable Energy Fund the Queensland Government will help get more projects through the vital investment decision phase, and QREZ will help ensure those projects are working together to deliver a series of connected commercial and industrial power hubs across the state.
Since 2015, 41 large-scale renewable energy projects have commenced operations, are financially committed or are under construction, representing around $7.8 billion in investment and 6500 construction jobs.
Registrations of interest for QREZ can be made on the Department of Natural Resources, Mines and Energy’s website until Friday 25 September (please note this is not for registering interest in the Renewable Energy Fund).
Key ‘zone’ facts:
Queensland’s Southern zone has driven most of the renewables investment in Queensland since 2016, thanks to strong network infrastructure and proximity to the South-East Queensland load centre. Diversification opportunities with agricultural and mining and resources sector will be a key focus of renewable energy development.
Queensland’s Central zone boasts strong network infrastructure, wind and solar resources, and a strong manufacturing and industrial demand profile. Renewable energy development will likely be aimed at capitalising on opportunities in industries such as new economy minerals extraction and processing, minerals recycling and agricultural equipment manufacturing.
Queensland’s Northern zone has some of the strongest wind and solar resources in the state and significant potential for renewable energy development. This development will likely be aimed at capitalising on opportunities in industries such as new economy minerals extraction and processing, hydrogen production and export, biofuels and food processing and manufacturing.
Last updated 10 September 2020