Feb 24, 2021

Stanwell to back renewable energy ideas

Stanwell to back renewable energy ideas The Stanwell Power Station near Rockhampton. Owner Stanwell Corporation is casting a net for renewable energy projects to join its portfolio.

Stanwell Corporation has launched an expression of interest process as it reveals plans to back renewable energy projects as part of its power portfolio.

The major electricity generator owns the Stanwell coal-fired power station near Rockhampton, and the Tarong power stations and Meandu coal mine near Kingaroy.

Stanwell chief executive officer Richard Van Breda said the government-owned corporation was undertaking an expression of interest process to identify high-quality renewable energy projects based in Queensland that could be incorporated into its portfolio.

“The energy market is changing rapidly, and we are evolving our business in line with our customers’ changing needs and community sentiment for greener energy and lower emissions,” Mr Van Breda said.

“Through our expression of interest process, we will build a portfolio of renewable projects that meet our retail customer requirements, support the development of Queensland’s large-scale renewable industry, and enable us to diversify our portfolio and reduce our carbon intensity.”

Mr Van Breda said the expression of interest process would also play an important role in Queensland’s post- COVID economic recovery, particularly in terms of economic investment and supporting employment and job creation.

“We are excited about our future and the important role we will play in ensuring Queenslanders have access to secure and reliable energy as the energy sector transitions to lower carbon generation alternatives.”

The expression of interest process is now open. Interested projects should register their interest before 3 pm AEST on March 24, 2021.

For more information visit www.stanwell.com/renewable-energy.