Queensland is set to provide “affordable, reliable, and sustainable” energy through its new energy roadmap, which seeks to extend the lifespan of coal-fired generation in the state.
The Queensland Government has announced that this strategic plan is expected to lower energy system expenses by $26 billion by 2035, offering a practical and sensible framework to cater to the state’s energy requirements.
New Initiatives for Generation Capacity
The roadmap outlines a call for tenders for 400MW of additional gas-fired generation units in central Queensland and introduces a framework for decision-making regarding state-owned coal assets.
A $400 million Queensland Energy Investment Fund will be launched, alongside the Queensland Investment Corporation’s (QIC) new Investor Gateway, aimed at attracting private investments into new energy generation and firming projects.
Additionally, QIC will manage future pumped hydro proposals in a consolidated manner, ensuring that assessments and investments are approached consistently.
Investments and Infrastructure Development
A $10 million fund will be allocated for community-level batteries to enhance solar energy storage, with plans to prioritise the construction of the Eastern Link of the CopperString transmission line.
Treasurer and Minister for Energy David Janetzki highlighted that “Our Energy Roadmap delivers what Queenslanders need,” emphasising the importance of affordable and reliable energy for improving life quality, driving economic growth, and ensuring long-term sustainability while attracting private sector investment and job creation.
A significant aspect of this roadmap is to extend the functionality of existing energy assets. Janetzki noted that, “Queensland’s coal-fired fleet is the youngest in the country and state-owned coal generators will continue to operate for as long as they are needed and supported by the market.”
He further explained that this strategy presents an economic solution that reduces costs for households, businesses, and industries, while giving developers the assurance required for future planning.
Stay informed about the energy transition by subscribing to Energy for more insights and updates.