Stanwell Corporation has signed a Memorandum of Understanding (MoU) with RWE to support the delivery of Stanwell’s 9-10 GW pipeline of renewable energy assets in Queensland.
The partnership will commence with the development of two new RWE wind farm projects in Central and Southern Queensland: the Theodore Wind Farm, a potential new 1,100 MW project near Biloela, and a second wind farm of up to 720 MW in early-stage development in Southern Queensland, with the partnership enabling negotiations on public ownership and equity, as well as offtake models.
Should it proceed, the Theodore project will take advantage of the strong state-owned network infrastructure in the Biloela region, at the heart of one of Queensland’s major Renewable Energy Zones.
The proposed Theodore Wind Farm project is expected to generate enough electricity to power about 410,000 homes and will create up to 500 jobs during peak construction and up to 50 ongoing jobs during the project’s 35-year operations.
The two proposed projects being developed under the MOU are expected to be completed by 2029.
Acting Premier Steven Miles said: “An additional 1.8 GW from new two wind farms will be a big win for Queensland and will support jobs, regional investment and opportunities for local communities.”
Treasurer and Minister for Trade and Investment Cameron Dick said the Queensland Energy and Jobs Plan is creating quality skilled work for Queenslanders while encouraging private investment through the Government’s clear intent to reach 80 per cent renewable energy by 2035.
“Our government’s commitment to this plan was confirmed in the recent budget, with $19 billion allocated across renewable energy, storage, and network projects.
Minister for Energy, Renewables and Hydrogen, Minister for Public Works and Procurement said: “As we surpass 25 per cent renewable energy uptake and progress to our target of 80% by 2035, we are seeing more investment and more good jobs for Queenslanders, particularly in regional and rural communities.”