Windlab and Eurus Energy's Kennedy Energy Park in central north Queensland will be Australia's first fully integrated wind, solar and battery project.
The project includes 43.2 MW of wind, 15 MW (AC) of solar and 2 MW of battery storage and is expected to deliver lifetime emissions abatement of almost three million tonnes of CO2-e.
The 60MW project near Hughenden will connect to the local grid, providing electricity to communities from Julia Creek to Charters Towers, more than 500 kilometres away. It is expected to generate enough power for more than 30,000 average homes each year.
The CEFC has committed $94 million as a sole debt financier for the project.
The Kennedy Energy Park is being developed by Windlab, an innovative Australian company commercialising world leading atmospheric modelling and wind energy assessment technology developed by the CSIRO.
Windlab identified the Kennedy site after confirming its high levels of solar irradiance and world-class complementary wind resource.
The natural benefits of the site will deliver high levels of solar energy throughout the day and strong wind generation in the evenings, creating a reliable generation profile around the clock.
The addition of the battery component will provide increased grid stability, allowing local communities to benefit from cheaper, cleaner electricity closer to the point of generation, with the added benefit of relieving demand on long transmission lines.
The Kennedy Energy Park is part of a wave of large-scale renewable energy and storage projects in North Queensland.
These include the Kidston solar and pumped hydro project, the Ross River Solar Farm, the proposed Forsyth wind farm, and the proposed Burdekin hydro project.
Queensland, Solar, Storage, Wind, Renewable energy