CleanCo Queensland has decided not to exercise its option to acquire the Moah Creek Wind Farm project.

The project was being progressed under a Project Option Agreement between CleanCo and private developer, Central Queensland Power (CQP). This agreement provided CleanCo with the option to acquire the project following completion of all development activities, including State and Federal approval processes.

As a result of ongoing assessments of all projects in development, including their alignment with the Queensland Government’s Energy Roadmap, CleanCo has determined that, as an owned asset, the Moah Creek Wind Farm does not align with its current strategic activities, commercial portfolio and investment priorities, given changing energy market conditions.

Following this decision, CleanCo withdraws from further development or delivery activities for the Moah Creek Wind Farm. However, CleanCo and CQP will continue discussions about a potential future offtake opportunity from the Moah Creek Wind Farm.

CleanCo acknowledges the time, effort and collaboration of landholders, Traditional Owners, near neighbours and community members who engaged during the early stages of the project.

CQP, as a private developer, will determine its own next steps for the project independent of CleanCo.