CleanCo Queensland
CleanCo Queensland is a Queensland Government-owned corporation. CleanCo owns and operates a range of electricity generation assets in Queensland, consisting of run-of-the-river hydroelectricity, pumped-storage hydroelectricity, gas-fired generation, grid-scale solar and wind power generation. Queensland has a plan to generate 50% of its 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. The company was launched with an initial $250 million grant to develop 1,000 megawatts of renewable energy.[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:
- Swanbank Power Station
- Wivenhoe Power Station
- Kareeya Hydro Power Station
- Barron Gorge Hydroelectric Power Station
- Koombooloomba Hydro Power Station
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
- ^ Mazengarb, Michael (12 June 2019). "Queensland budget delivers $250 million to kick-start CleanCo". RenewEconomy. Retrieved 22 January 2024.
- ^ a b Latimer, Cole; Hannam, Peter (30 August 2018). "Queensland launches green state-owned energy company". Brisbane Times. Retrieved 22 January 2024.
- ^ "Queensland's new CleanCo". Queensland Treasury. Archived from the original on 7 September 2018. Retrieved 6 December 2023.
- ^ Parkinson, Giles (30 October 2019). "All hands to the pump as CleanCo targets solar duck curve". RenewEconomy. Retrieved 6 December 2023.
- ^ Carroll, David (9 March 2023). "CleanCo to transform old coal-fired power precinct into green energy hub". PV magazine. Retrieved 22 January 2024.
- ^ "Neoen and CleanCo Queensland sign landmark PPA for Australia's largest solar farm, at 352 MWp". Neoen. 6 May 2020. Retrieved 22 January 2024.
- ^ "Queensland's publicly-owned low emissions energy gentailer has appointed its new CEO". CleanCo. 4 July 2022. Retrieved 22 January 2024.