The release of Queensland’s $62 billion energy and jobs plan which would shift the state away from coal power by 2035 has been broadly welcomed but the resources sector has warned the government has plenty of work to do to attract the large-scale investment required to implement the strategy.
Queensland Premier Annastacia Palaszczuk has launched a $62 billion energy and jobs plan, which includes the biggest pumped hydro scheme in the world. The government is also planning to convert publicly owned coal-fired power stations into clean energy hubs from 2027.
Prime Infra recently acquired a 500 MW pumped storage hydropower project in Rizal province in the Philippines. The company is also developing a 1.4 GW facility in the country.
The New South Wales government has announced funding for five pumped hydro schemes spread across the state as it looks to deliver large-scale energy storage and firming capacity to allow for an increased uptake of renewable energy and to help plug the gap left by exiting coal-fired generation.
US engineering company Bechtel will support planning for proposed Queensland pumped hydro and energy storage facility, Big-T, at Lake Cressbrook in the state’s southeast. The project involves a 400 MW pumped hydro facility with 10 hours of storage and a 200 MW/200 MWh battery system.
Australian energy major AGL has announced that Victoria’s largest hydropower scheme will undergo a $40 million expansion in a move designed to improve energy security and help support the state’s continued uptake of renewables.
Fortescue Future Industries and Woodside have been selected as the two finalists in the race to develop what could be one of the world’s largest green hydrogen projects, a 600 MW facility in New Zealand’s Southland.
Australian gentailer Snowy Hydro has signed a power purchasing agreement with CWP Renewables for its biggest wind farm, currently in development in New South Wales.
Lake Onslow, New Zealand, could become home to one of the world’s largest pumped-hydro storage facilities. A local consortium is now conducting a feasibility study and is investigating possible system designs and precise locations.
The Queensland government has committed $48 million to progress two pumped hydro projects in the state, declaring energy storage will play a critical role in its push towards a renewable energy future.
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