The government of Queensland, Australia, has announced the Powering Queensland’s Future Plan – its commitment to deliver affordable and stable power for Queensland households, businesses and industry, while acting on climate change. The government is investing $1.16 billion to ensure Queenslanders can continue to enjoy an affordable and secure supply of electricity.
Under the plan, the government will establish a new company called CleanCo which will be mandated to deliver 1000MW of renewable energy in Queensland – with a special focus on flexible and dispatchable renewable energy.
The government also will:
provide electricity price relief by investing $770 million to cover the cost of the Solar Bonus Scheme
return Swanbank E gas-fired power station to service
direct Stanwell Corporation to undertake strategies to place downward pressure on wholesale prices
deliver a $386 million Powering North Queensland Plan to strengthen and diversify the north's energy supply and create a North Queensland clean energy hub
confirm the government's commitment to a 50% renewable energy target by 2030
facilitate the next wave of up to 400 MW of diversified renewable energy, including 100 megawatts of energy storage through a reverse auction
improve large-scale renewable project facilitation, planning and network connections
establish the Queensland Energy Security Taskforce
implement the Queensland Gas Action Plan and release over 450km2 of new gas tenure for supply to the Australian market
continue to advocate for stable, integrated national climate and energy policies.
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