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Queensland plans $17.3b renewables spending in next budget
Investors - JUNE 7, 2024

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Queensland plans $17.3b renewables spending in next budget

by Released

The government of Queensland, Australia, has pledged to allocate A$26 billion ($17.3 billion) from its upcoming state budget for the next four years to fund renewable energy and storage and power-transmission projects.

It’s considered the largest ever investment in renewable-energy assets in the nation ahead of the Queensland State Budget.

The upcoming budget will invest in the renewable energy and jobs plan over the next four years – a boost from the A$19 billion ($13 billion) in last year’s budget.

This includes:

A$16.5 billion ($11 billion) toward renewable energy and storage projects A$8.5 billion ($5.7 billion) to build the SuperGrid, including Copperstring and renewable-energy zones A$500 million ($333 million) for network batteries and support of local grid solutions A$192 million ($128 million) for the Transmission and Training Hubs in Townsville and Gladstone.

This investment is made possible b

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