1. Home
  2. Business
  3. &
  4. Finance
  5. CS Energy Signs Wind MoU With EDF Renewables – EQ Mag Pro
CS Energy Signs Wind MoU With EDF Renewables – EQ Mag Pro

CS Energy Signs Wind MoU With EDF Renewables – EQ Mag Pro

0
0

CS Energy has signed a Memorandum of Understanding (MoU) with global renewable energy leader EDF Renewables to progress the development of the Banana Range Wind Farm in Central Queensland.

Announcing the MoU today Premier Annastacia Palaszczuk said the 230 megawatt (MW) project would generate enough cleaner, cheaper energy to power 15,000 homes and will deliver a wind-powered boost to the local economy with 150 new construction jobs.

“We expect construction to kick off at Banana Range in 2024 before coming online in 2026 and putting Queensland another step closer to our 50 per cent renewable energy target while providing decent, secure jobs for Queenslanders.”

Minister for Energy, Renewables and Hydrogen Mick de Brenni said the Banana Range Wind Farm adds to the pipeline of renewable energy generation projects diversifying the portfolios of Queensland’s publicly-owned energy companies.

“It also demonstrates their important role in driving the energy transformation in this state,” he said.

“With an established presence in Central Queensland, CS Energy can draw on existing skills to build local capacity as part of the renewable revolution.”

Under the agreement, CS Energy is considering both an offtake agreement and equity participation in the proposed 230-megawatt wind farm project near Biloela.

EDF Renewables Australia CEO Dave Johnson said the MoU aligned both parties’ common interests in the region.

“CS Energy has an established, long-term presence in the Banana Shire Council district through its Callide Power Station, and EDF Renewables is building a large presence in the same community with the construction of the Banana Range Wind Farm,” Mr Johnson said.

“It’s an ideal partnership that brings together like-minded companies working together on common interests, which includes maximising opportunities for the local community through the energy transformation.”

CS Energy CEO Andrew Bills said the MoU complements recent investments the publicly-owned power company has made in renewable hydrogen and energy storage.

“This MoU demonstrates CS Energy’s commitment to securing a balanced mix of energy sources that can meet our customers’ requirements while also supporting Queensland power system security and reliability,” Mr Bills said.

Source: csenergy
Anand Gupta Editor - EQ Int'l Media Network