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    Coat of ArmsMedia Release
    Minister for Natural Resources, Mines and Energy
    The Honourable Dr Anthony Lynham

    Renewables up, power prices down as CleanCo kicks off

    Minister for Natural Resources, Mines and Energy
    The Honourable Dr Anthony Lynham

    Wednesday, July 24, 2019

    Renewables up, power prices down as CleanCo kicks off

    Queensland’s next wave of renewable energy and regional jobs is about to be unleashed with 10 projects competing for contracts to kick start new regional investments and a new clean energy generator.

    Energy Minister Dr Anthony Lynham said Queensland’s third publicly-owned electricity generator, CleanCo, would commence trading in the national electricity market on 31 October, and encourage up to 400 megawatts of new generation and storage.

    CleanCo is working with 10 short-listed renewable energy proponents to boost its starting pack, which includes the Wivenhoe and Swanbank E power stations near Ipswich and three Far North Queensland hydro power stations.

    “This will increase competition and supply in the Queensland electricity market, putting more downward pressure on electricity prices for Queenslanders,” Dr Lynham said.

    “Preliminary analysis indicates CleanCo should reduce wholesale electricity prices on average by around $7 per megawatt hour, which is expected to translate to an estimated $70 per annum saving for the average Queensland household

    “There’ll be more new jobs building these projects in regional Queensland and the extra generation will also make our power supply even more reliable.

    “This takes Queensland one step closer to our target of 50 per cent renewable energy by 2030.

    “Unfortunately, the LNP has refused to support this program.

    “Going by their track-record in government, when not one large scale renewable energy project was built, there’s no doubt they’ll see CleanCo as another Queensland-owned energy asset to sell.”

    From 31 October, CleanCo will take over the 570 megawatt Wivenhoe pumped storage hydro station, the 385 MW gas-fired Swanbank E power station and the Kareeya, Barron Gorge and Koombooloomba hydro power stations from the state’s other publicly-owned generators, Stanwell and CS Energy.

    CleanCo will also complete the Government’s Renewables 400 reverse auction, bringing up to another 400 megawatts of solar and wind energy and battery storage into the market.

    CleanCo will seek binding bids from 10 proponents to supply renewable energy (See below) and recommend projects to government early next year.

    Proponent

    Project

    Location

    Capacity (MW)

    Capital cost  ($ mill)

    Jobs

     

    Projects may have put forward proposals for partial support and capex and jobs figures are estimated in some cases.

     

    ACCIONA Australia

    MacIntyre Wind Farm at

    Stanthorpe

     540

    >1000

     1080

     

    Edify Energy

    Majors Creek Solar Farm, with battery storage

     

    Woodstock

    200

    400

    400

     

    First Solar Australia

    Chinchilla Solar Farm, with battery storage

     

    Chinchilla

    100

    200

    150

     

    Goldwind Australia

    Clarke Creek Wind Farm, with battery storage

     

    Between Mackay and Rockhampton

    800

    1500

    350

     

    Infigen Energy

    Forsayth Integrated Facility, with battery storage

     

    Forsayth, FNQ

    65

    130

    130

     

    Lyon Infrastructure Investment

     

    Cape York Solar Storage

     

    Lakeland, FNQ

    55

    150

    100

     

    Neoen Australia

    Kaban Green Power Hub, with battery storage

    Ravenshoe FNQ

    130

    300

    150

    Pacific Hydro Australia Developments

    Haughton Solar Farm, with battery storage

    Upper Haughton near Townsville

    100

    200

    240

    Vena Energy (formerly Equis)

    Collinsville North Solar and storage project

    Collinsville

    100

    200

    200

    Windlab

    Lakeland Wind Farm

    Lakeland, FNQ

    100

    200

    200

    BACKGROUND

    Renewables 400 is a reverse auction program which enables CleanCo to identify the best projects to increase the state’s diversified renewable energy supply.

    Reverse auctions are competitive processes where multiple projects bid to secure power purchase contracts or other forms of project support.

    Reverse auctions have been used by governments around Australia and internationally, including by the ACT and Victorian Governments as part of achieving their renewable energy targets.

    [ENDS]

    EDS: Download stills and footage of Barron Gorge, Kareeya, Wivenhoe and Swanbank E power stations here and Wivenhoe drone footage here.

    Media inquiries: Jan Martin 0439 341 314