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Wind farm deal to lift Queensland's investment in renewables to $10 billion

Business

A $350 million wind farm for central Queensland was likely to be developed in central Queensland after a deal between global energy company EDF and CS Energy.

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The Government-owned CS Energy has signed a preliminary deal with EDF to progress the development of the 230-megawatt Banana Range wind farm, near Biloela, a project that would have about 50 wind turbines, but there is no commitment yet to develop.

Energy Minister Mick De Brenni said it would take the state’s large scale wind generation to 2000 megawatts, while a further 18 projects were in the pipeline totalling 5000 Mw.

About 21 per cent of the state’s energy is currently renewable and the Government has a goal of getting that to 50 per cent by 2030.

Premier Annastacia Palaszczuk said that since 2015, 50 large scale wind and solar farms worth more than $10 billion had been committed.

“We are seeing green, renewable jobs happening across regional Queensland,” she told Parliament.

The deal between CS Energy and EDF was at the stage of a memorandum of understanding, but there were considerations for an offtake and an equity stake in the project.

De Brenni said construction was expected to start in 2024 and Banana Range would come on line in 2026.

Previously, the project had also had planning approval for a battery component, however that was not a part of the MOU.

The Premier also said the Kaban wind farm in north Queensland was progressing with four of the 28 turbines so far completed. It is based within the north Queensland energy zone which is currently under construction.

Earlier this year, Powerlink signed an agreement to connect the MacIntyre wind precinct, near Warwick, to the grid.

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