Queensland Government-owned Stanwell will acquire global renewable energy developer RES’ 436.5MW Tarong West Wind Farm in the South Burnett, in a deal that will see it become Australia’s largest publicly owned wind farm.
The project, which recently received development approval, will feature 97 wind turbines and produce enough clean energy to power the equivalent of 230,000 homes.
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Final Investment Decision is expected in early 2025.
Stanwell CEO Michael O’Rourke said, “Adding the 436.5MW Tarong West Wind Farm project into Stanwell’s renewable energy portfolio is an exciting chapter not only in our renewable energy story, but also Queensland’s.
“It will play a critical role in transitioning our energy portfolio and brings us closer to our goal of having 9-10GW of large-scale wind and solar capacity by 2035.
“We will continue to work constructively with RES and in close consultation with the South Burnett community, which we have been a proud part of for four decades, as we develop this project through to Final Investment Decision.”
RES CEO Matt Rebbeck said, “RES is excited to reach this significant milestone in the development of the Tarong West Wind Farm. It is a testament to the dedication and hard work of the project team to progress the development.
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“RES is committed to continuing to work with key project stakeholders including the local community, landowners and traditional owners prior to the commencement of construction.
“We welcome Stanwell’s involvement in the project as we work to achieve a cleaner, more sustainable energy future for Queensland.”