Last Updated on 26th October 2023
Queensland's publicly owned company Stanwell Corporation Energia has signed a 15-year, 380 MW PPA (Power Purchase Agreement) with ACCIONA to purchase 100 percent of the output from its planned Aldoga Solar Farm. The total estimated cost of construction of the solar farm is AUD 500 million (USD 313 million).
Stanwell plans to use the energy from Aldoga to supply its green Hydrogen project, which is expected to enter commercial operations in 2028. Aldoga will play a pivotal role in providing access to clean and sustainable power sources in Queensland. This new deal between ACCIONA Energia and Stanwell Corporation follows a previous PPA signed in 2022 for the supply of renewable energy from Macintyre Wind Farm.
The development exemplifies Queensland’s dedication to fostering clean energy initiatives. Aldoga Solar Farm is just one facet of Queensland’s growing network of clean energy hubs. The CQ-H2 Project will develop Queensland's largest renewable hydrogen project and aims to deliver renewable hydrogen via its different carriers.
Stanwell is a major provider of electricity and energy solutions to Queensland, the National Electricity Market, and large energy users throughout Australia. Stanwell is creating a new, lower-carbon generation portfolio that additionally contains energy storage driving the development of a renewable hydrogen export industry in Central Queensland.
ACCIONA Energia is the largest 100 percent renewable energy company with over 12.27 GW of renewable energy and commercial operations across 20 countries. With around 30 years of experience, ACCIONA Energia offers a complete portfolio of energy solutions. ACCIONA Energia is committed to the highest environmental, social, and corporate governance standards.
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