Confirming its commitment to the growth of the renewables sector within Central Queensland, Stanwell has signed the Central Queensland Statement of Cooperation.

The Statement of Cooperation is an agreement that commits companies to work with the Queensland Government to unlock opportunities for Central Queensland as an industrial and advanced manufacturing powerhouse. As a signatory, Stanwell will be in a better position to shape the future of the region and create commercial opportunities for its business.

Stanwell’s signature to the Central Queensland Statement of Cooperation joins other energy companies, such as Fortescue Future Industries, Rio Tinto Australia, Alpha HPA, Orica and ACCIONA.

The Statement of Cooperation strongly aligns with Stanwell’s strategic focus on industrial decarbonisation, renewable energy and hydrogen industry development.

Through investments and long-term contracts in wind, solar and energy storage, we are creating a new, lower carbon generation portfolio to help provide the spark for a bright future.

Stanwell has already signed a 15-year, 346.5 megawatt power purchase agreement for the Clarke Creek Wind Farm near Rockhampton which is due to commence operations in 2024.

We’re also developing with our consortium of domestic and international partners – APA Group, Iwatani Corporation, Kawasaki Heavy Industries, Kansai Electric Power Company and Marubeni – the Central Queensland Hydrogen Project which could scale up to 3,000 megawatts by the early 2030s.

Signing the Statement of Cooperation leverages off the work we have already completed to deliver significant economic and social benefits through employment and local business opportunities.

We are evolving our portfolio to include renewable and low emission energy sources.

To support this, we are pursuing opportunities to:

  • invest in the development of renewable energy projects in Queensland;
  • purchase offtake from Queensland renewable energy projects; and
  • provide network services that support the growth of renewable energy projects in Queensland.

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