RWE and Stanwell sign MoU for renewables projects in Queensland

5 September 2023

RWE and Stanwell Corp have signed a Memorandum of Understanding to deliver two Queensland onshore wind projects with a combined capacity of up to 1.8 GW.

Under the MoU, Stanwell will investigate and assess energy offtakes and potential equity investment in RWE’s Theodore Wind Farm, a project of up to 1100 megawatts MW under development near Biloela, and a second wind farm of up to 720 MW in early-stage development in southern Queensland. According to current plans, the two projects could be completed and start operations by 2029, subject to securing the necessary permits, grid connection and final investment decisions. The agreement envisages the offtake of renewable electricity by Stanwell and the potential equity involvement of Stanwell in the projects.

RWE Renewables Australia is working on developing utility-scale wind, solar and battery projects in Queensland and other states. Australia is one of RWE’s focus markets, where it has been present for 10 years. In 2018, RWE started its first renewable energy project on the continent with the construction and subsequent operation of the Limondale solar farm in Balranald, New South Wales. With an installed capacity of 249 MWac, the large-scale solar farm consists of 872 000 panels and covers an area of 770 hectares. Full commercial operation started in 2021.

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