Renewables 400 Program
In late July 2019, CleanCo was nominated to take over the Queensland Government’s Renewables 400 procurement program, following announcement of the projects shortlisted in the first Expression of Interest stage of that program.
The Renewables 400 Program is designed to identify the best projects to increase the state’s diversified renewable energy supply. The program was established as part of the Powering Queensland plan and will deliver up to 400 megawatts (MW) of new renewable energy and storage projects in Queensland.
The program will help to increase supply of electricity in the market and put downward pressure on electricity prices while contributing to the reliability of Queensland’s electricity supply and facilitating new investment and jobs in regional Queensland.
The first stage of the program attracted a very strong response from a wide range of proponents interested in investing in Queensland’s renewable energy supply.
Our project team is working with the shortlisted proponents to progress the next Request for Proposals stage of the program for the submission of binding bids. The final selection of successful projects and proponents will be made in early 2020.
We will negotiate for the supply of renewable energy from successful proponents to improve supply in the wholesale electricity market and help Queensland customers to best manage their energy costs.