Northern Australian Infrastructure Facility will not provide financial assistance to the 157 megawatts Kaban Green Power Hub. The project is being developed by Neoen near Ravenshoe in Far North Queensland.
Keith Pitt, Minister for Resources, has stopped the AUD280 million (US$218 million) loan that the project developer sought to fund the construction of a wind farm. The given reason for this decision is that the project will not provide new reliable dispatchable and firm generation capacity to the National Electricity Market.
The Kaban project has a power purchase agreement with Queensland government-owned CleanCo to support the state's target of 50 percent renewable electricity by 2030.
Country updates
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May 14, 2021
South Australian government approves further funding for 150 MW Aurora Energy Project in Port Augusta
South Australian Government Crown Sponsorship for the Aurora Energy Project has been extended to support an increase of the battery storage component. It has previously been extended to support the co...
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May 12, 2021
EDF Renewables buys 280 MW Banana Range wind farm near Gladstone
EDF Renewables has acquired a wind farm project in the Australian state of Queensland. The project is expected to have a power generating capacity of about 280 MW and also has approval for a battery s...
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May 12, 2021
US Solar Fund increases equity raise to US$132m
New Energy Solar's US Solar Fund has raised US$132 million from new and existing investors, exceeding its original US$105 million fundraising target. Taking into account the company’s proposed u...
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May 07, 2021
Queensland approves Acciona's 1,026 MW MacIntyre Wind Farm Precinct in Cement Mills
Acciona has received approval to build the AUD$1.96 billion (US$1.5 billion) MacIntyre Wind Farm Precinct at Cement Mills, southwest of Queensland, with construction expected to start in the second ha...
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May 04, 2021
Genex Power launches construction of 250 MW Kidston pumped storage hydro project (K2-Hydro) in Queensland
Genex Power Limited has issued Notice to Proceed under two key construction contracts to commence the construction of the 250 MW Kidston Pumped Storage Hydro Project (K2-Hydro). The EPC scope includes...
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