Forrest confirms 1.2GW green energy hub project in Queensland
Category: #energy-and-environment  By Pranali Mehta  Date: 2022-03-01
  • share
  • Twitter
  • Facebook
  • LinkedIn
Forrest confirms 1.2GW green energy hub project in Queensland

Squadron Energy’s solar farm project will be the largest renewable energy precinct across the southern hemisphere

Australian businessman, Andrew Forrest has announced that the first-stage construction of a 1.2GW hybrid energy storage project- wind, solar, and battery- is set to commence in Central Queensland.

The Australian iron ore magnate has invested $3 billion in the ‘shovel ready’ project, which will be led by Forrest’s privately owned Squadron Energy.

Reportedly, Squadron has already nabbed two-stage Clarks Creek wind, solar PV, and battery development in the geographical division of Queensland with verified contracts, allowing immediate start to the construction of the first 450MW wind stage of the renewable energy project.

Once completed, Squadron claims the proposed 1.2GW Clarke Creek wind & solar farm situated 150km northwest of Rockhampton, would stand out as the largest renewable energy precinct ever seen by the southern hemisphere.

According to the company, the project is capable of producing sufficient wind, solar, and battery energy to supply power to over 660,000 households in Queensland with lower-cost electricity provisions into the National Electricity Market (NEM).

Prominently highlighting the sustainable aspect, Forrest is promoting the acquisition as a major milestone in Australia’s green energy future.

Speaking on the foreseeable potential of the project, Forrest mentioned that Squadron has started construction of the to-be largest renewable energy precinct, however, is also eyeing numerous renewable energy projects in works, which may overpower its project in scale.

The company continues to be willing in opening avenues for new projects which could be larger than the existing one.

Initially deployed by Lacour Energy & Goldwind, the Clark Creek project comprises up to 400MW solar installations, an 800MW wind farm, and a battery energy storage facility expected to install near about 2GWh of battery storage currently with unspecified capabilities.

Moreover, Squadron has already acquired long-term supply agreements, grid connection coupled with the required state and federal approvals for Clark Creek to boost the start of construction anticipating stage one to be fully operational in 2024.

Meanwhile, stage two development is likely to commence in 2026.

Source Credits: https://www.pv-magazine-australia.com/2022/02/28/forrest-declares-work-to-begin-immediately-on-1-2gw-green-energy-hub-in-queensland/

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

Read More >>

More News By Pranali Mehta

KKR to acquire renewable energy firm ContourGlobal for £1.75Bn
KKR to acquire renewable energy firm ContourGlobal for £1.75Bn
By Pranali Mehta

ContourGlobal, a British power generation firm, has recently accepted a private equity takeover at a time when the demand for greener energy is increasing due to market turmoil caused by the Ukraine conflict. According to sources, the company has ...

Tata Power obtains a huge solar project from NHPC worth $223Mn
Tata Power obtains a huge solar project from NHPC worth $223Mn
By Pranali Mehta

Tata Power, an electric utility firm based in India, has recently obtained a solar project worth Rs 1,731 crore ($223 million) from NHPC (National Hydroelectric Power Corporation). According to sources close to the move, the wholly-owned division ...

Tamkeen enters strategic partnership with Bank of Bahrain & Kuwait
Tamkeen enters strategic partnership with Bank of Bahrain & Kuwait
By Pranali Mehta

Bahrain-based government agency, Tamkeen has recently inked a new strategic partnership agreement with the Bank of Bahrain and Kuwait (BBK) in a row with novel support programs. Incidentally, the agreement is an addition to the partnership agreeme...