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Stanwell joins Rio, Alpha HPA, Orica and ACCIONA to unlock renewable opportunities

The future is looking clean for Central Queensland with Queensland Government owned energy company, Stanwell Corporation signing the Central Queensland Statement of Cooperation on Tuesday.

Stanwell will join Rio Tinto Australia, Alpha HPA, Orica and ACCIONA, and work with the State Government to unlock more renewable opportunities for the state, starting in Gladstone.

Related: ACCIONA Energia will present the Aldoga Solar Farm procurement opportunities at the online Connecting Renewable Energy Conference Queensland on April 7.

Deputy Premier and Minister for State Development Steven Miles said commitments like this helped to propel Central Queensland towards becoming a renewable energy powerhouse, as part of Queensland’s plan for economic recovery.

“We are unlocking opportunities for Queensland to create more jobs as the world shifts towards decarbonisation,” Mr Miles said.

“Having Stanwell join the Statement of Cooperation makes sense and is a good step forward for Central Queensland’s growing renewables and hydrogen industry.”

Minister for Energy, Renewables and Hydrogen Mick de Brenni said Queensland was on the cusp of establishing a large-scale renewable hydrogen industry through Queensland’s publicly-owned power company Stanwell.

“Stanwell is a major player in the renewables sector, and their landmark Memorandum of Understanding with ACCIONA will enable Queensland’s largest solar project providing clean and renewable energy to one of Australia’s largest and most promising green hydrogen projects, expected to drive $4.2B in hydrogen exports,” Mr de Brenni said.

“Renewables and green hydrogen are the fuel to create more jobs and more industry for Queensland.

“Our global partners are looking for leadership and certainty in the hydrogen supply chain and the Palaszczuk Government’s focus of efforts through Queensland’s publicly-owned energy companies are delivering those ingredients.

“We are only at the beginning of an industry that will see billions of dollars added to our economy, creating prosperity for local residents for generations to come.”

Stanwell’s Chief Executive Officer Michael O’Rourke said the company has been developing strategic partnerships across the supply chain to support the development of Queensland’s renewable energy future.

“We want to provide low emissions solutions to commercial and industrial retail customers by developing a high-quality, value-for-money pipeline of renewable energy projects and this the Statement of Cooperation will help us achieve that goal,” Mr O’Rourke said.

The Statement of Cooperation will secure the future competitiveness of Queensland, adding value to a natural energy advantage to drive employment and economic outcomes for the state by focusing on three areas:

Committing to industry by establishing certainty for current industry and growing demand.

Delivering a globally competitive energy solution that is centred around firmed, low-carbon electricity for industry.

Growing the industries of the future in Central Queensland by creating an enabling regulatory environment, strengthening regional skills and employment to lower capital intensity, and planning for the infrastructure to enable industry development.

Minister for Regional Development and Manufacturing, Minister for Water and Member for Gladstone Glenn Butcher said Central Queensland has established itself as a renewable’s powerhouse.

“These partnerships are highlighting, on a global stage, the benefits of investing into Queensland’s regions and creating jobs for the future,” Mr Butcher said.

Mr Miles said it’s great to see more signatories join the statement, meaning more jobs, getting more of the supply chain and holding on to value for Queenslanders.

“Our ambitious target to get to net zero emissions by 2050 is creating huge opportunities with more jobs in more industries right along the renewable energy supply chain.

This article first appeared in Gladstone Today.

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