Australia's Queensland targets 50% of renewables target by 2030

An upcoming reverse auction for 400MW capacity has been announced as well.

The government of Queensland in north-eastern Australia has confirmed the target for its state to reach a 50% renewable energy target (RET) by 2030 and announced an upcoming reverse auction for up to 400 MW of renewable energy, including 100 MW of energy storage, according to Enerdata.

The government has announced its Powering Queensland Plan, a roadmap to put downward pressure on electricity prices, power jobs and investment and lead the State’s transition to a low-carbon electricity sector.

"Queensland will invest A$1.16bn (US$867m) to ensure affordable, secure and sustainable energy supply for Queensland homes, businesses and industry. The state will bet on solar and will invest A$770m (US$575m) in the Solar Bonus Scheme, to slash the price increase by more than half. Queensland will also seek to improve large-scale project facilitation, planning and network connections and will implement the Queensland Gas Action Plan," Enerdata said.

This story was originally published by Enerdata.

Also Read

Will the government pay for coal power exit in Vietnam?

LNG sector faces oversupply amidst sluggish demand growth.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit