CleanCo Queensland

CleanCo Queensland is a Queensland Government-owned corporation. CleanCo owns and operates a range of electricity generation assets in Queensland, including run-of-the-river and pumped-storage hydroelectricity, gas-fired power plants, grid-scale solar farms and wind farms. The Queensland Government has a long-term ambition to generate 50 per cent of the state’s electricity from renewable sources by 2030.[1] CleanCo was established in 2018.[2]

The two ministers responsible for CleanCo are the Treasurer of Queensland and the Minister for Energy and Clean Economy Jobs. The company was launched with an initial $250 million grant to develop 1,000 megawatts of renewable energy capacity.[2]

Assets

CleanCo Queensland was created through the transfer of assets from CS Energy and Stanwell Corporation by the state government, with a mandate to increase competition in the energy market and with the intent of supporting the government's renewable energy target.[3]

The assets transferred from the two other government-owned corporations are:

CleanCo took control of these assets on 31 October 2019.[4]

CleanCo is establishing the Swanbank Clean Energy Hub at the site of the former Swanbank Power Station. The hub features a 250 MW/500 MWh big battery, an onsite solar farm and green hydrogen production facilities.[5]

Management

Maia Schweizer was the inaugural CEO of CleanCo.[6] Tom Metcalfe took over the role in July 2022.[7]

See also

References

  1. ^ Mazengarb, Michael (12 June 2019). "Queensland budget delivers $250 million to kick-start CleanCo". RenewEconomy. Retrieved 22 January 2024.
  2. ^ a b Latimer, Cole; Hannam, Peter (30 August 2018). "Queensland launches green state-owned energy company". Brisbane Times. Retrieved 22 January 2024.
  3. ^ "Queensland's new CleanCo". Queensland Treasury. Archived from the original on 7 September 2018. Retrieved 6 December 2023.
  4. ^ Parkinson, Giles (30 October 2019). "All hands to the pump as CleanCo targets solar duck curve". RenewEconomy. Retrieved 6 December 2023.
  5. ^ Carroll, David (9 March 2023). "CleanCo to transform old coal-fired power precinct into green energy hub". PV magazine. Retrieved 22 January 2024.
  6. ^ "Neoen and CleanCo Queensland sign landmark PPA for Australia's largest solar farm, at 352 MWp". Neoen. 6 May 2020. Retrieved 22 January 2024.
  7. ^ "Queensland's publicly-owned low emissions energy gentailer has appointed its new CEO". CleanCo. 4 July 2022. Retrieved 22 January 2024.