A landmark CEFC investment to support the Southern Downs Renewable Energy Zone (REZ) will help develop critical transmission and grid infrastructure to connect multiple clean energy assets in Queensland to the National Electricity Market.
In its first investment to support the development of a REZ, the $160 million CEFC financing commitment will unlock an additional 500 MW of new network hosting capacity, adding to the proposed 1000MW of renewable plant capacity to support the MacIntyre Wind Precinct. The precinct includes the 103MW Karara Wind Farm, and the 923 MW MacIntyre Wind Farm, and is set to be one of the world’s largest onshore wind farms.
By stepping in with concessional finance, the CEFC has provided a scale efficient solution to unlock greater renewable generation capacity in the Southern Downs REZ. This cost effective solution has ensured a scale efficient build out shared across future generation capacity.