Forrest’s Squadron to construct USD-2.2bn wind-solar hub in Queensland

February 28 (Renewables Now) – Australia’s Squadron Power, backed by iron ore billionaire Andrew Forrest, will pour AUD 3 billion (USD 2.2bn/EUR 1.9bn) to construct a 1.2-GW wind-solar complicated with battery storage in Queensland.

The pure sources and renewable power firm mentioned on Sunday it has acquired the 2 phases of the Clarke Creek challenge, which based on beforehand accessible info combines 800 MW of wind, 400 MW of photo voltaic and a few power storage capability. Squadron mentioned this could be the biggest renewable power precinct within the southern hemisphere.

The scheme was developed by the Aussie arm of Chinese language wind turbine maker Xinjiang Goldwind Science & Know-how and Australia-based Lacour Power.

With all wanted permits and grid connection in place, building of Clarke Creek Wind’s part one will start instantly, Squadron mentioned. The 450-MW plant, to be situated 150 km northwest of Rockhampton, is scheduled to go dwell in 2024. Most of its output is contracted by Queensland government-owned Stanwell Corp below a 346.5-MW energy buy settlement (PPA).

The 350-MW second stage of the challenge is ready to be commissioned in 2026.

As soon as absolutely operational, the Clarke Creek renewable power complicated is anticipated to provide electrical energy for over 660,000 properties per 12 months. It’ll export low-cost electrical energy immediately into the Nationwide Electrical energy Market.

(AUD 1.0 = USD 0.720/EUR 0.644)

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