The 80MW (AC) Oakey Solar Farm in south-east Queensland is expected to deliver enough renewable energy to power around 24,000 homes, while using forecasting technology that will help enhance grid stability and energy reliability. It is being developed in two stages and the CEFC has committed finance to both stages – AU$19.5 million for Oakey 1 which is currently under construction, and AU$55 million to the adjacent Oakey 2. When complete, the project will be battery ready.