Edify Energy Chief Executive John Cole and Queensland Energy Minister Mark Bailey signed the support deeds with Edify Energy for the Whitsunday Solar Farm.
Edify Energy Chief Executive John Cole and Queensland Energy Minister Mark Bailey signed the support deeds with Edify Energy for the Whitsunday Solar Farm.

Funds for solar farm at Collinsville secured

MORE than 116 jobs will be created in Collinsville after the State Government announced the release of $700million to four large scale solar projects in Queensland last week.

Premier Annastacia Palaszczuk said the signing of support deeds for large-scale solar projects near Collinsville, Oakey and Longreach, locked in funds to enable the projects to get under way.

"The confidence shown in Queensland's renewable future by these leading energy companies, from overseas and interstate, shows that my government's policy settings have created an environment ripe for serious and sustainable investment,” the Premier said.

"These projects underline the vital role that regional Queensland is already playing in our transition to

a renewable energy economy.”

The role out of large scale solar farms is aimed at Queensland achieving 50% of its power through renewable sources by the year 2030.

In a poll published by the Australia Institute last month, it was stated that 54.5% of 863 respondents in the Dawson electorate supported renewable energy targets proposed by the State Government.

Those opposed accounted for 28.8% and 16.7% were not sure or didn't know.

Energy Minister Mark Bailey said signing the support deeds which secured long-term revenue certainty for each project meant proponents could now confirm investor funding and begin construction.

"The execution of these deeds locks in Queensland's Solar 150 long-term commitment to these projects and enabling these projects to reach financial close,” Mr Bailey said.

"This confirmation of the Whitsunday, Oakey and Longreach solar projects' inclusion in the State's Solar 150 program provides a 20 year revenue guarantee, meaning financial contracts can now be delivered and construction can begin.

"These projects are a sign of the times for regional Queensland's major role in shaping the state's transition to a renewable energy economy, and during construction will bring 196 much-needed jobs to the regions.”

The Edify Energy Whitsunday Solar Farm is a 58 megawatt project worth $122million. During construction it is expected to create 116 jobs. However once built this figure will be dramatically reduced.


$1.1b Bowen housing estate gets council tick of approval

Premium Content $1.1b Bowen housing estate gets council tick of approval

The development is set to boost the population by 50 per cent with more 2000 houses...

Labor blasted for opposing power station feasibility study

Premium Content Labor blasted for opposing power station feasibility study

The LNP’s passionate resource industry advocates were outraged Labor tried again to...