RWE’s Theodore Wind Farm Secures Australian CIS Contract for 1.1GW Renewable Project

RWE has secured a Capacity Investment Scheme (CIS) contract from the Australian Government for its Theodore Wind Farm project in Central Queensland, Australia, to support the development of a 1.1 GW renewable energy facility with integrated battery storage.

The Capacity Investment Scheme (CIS) provides financial support to the project through a predefined revenue floor and ceiling mechanism, helping reduce market risk. The Theodore onshore wind farm is expected to require an investment of approximately AU$3 billion. The proposed site is situated around 22 km east of Theodore, 50 km southwest of Biloela, and 150 km southwest of Gladstone within Queensland’s Banana Shire region. Planned with a capacity of 1.1 GW, the project will feature up to 170 wind turbines along with a battery energy storage system and is expected to produce enough renewable electricity to supply nearly 500,000 homes across Queensland.

The project received state Development Application approval in June 2025 and is currently progressing through the Federal Environment Protection and Biodiversity Conservation (EPBC) assessment process. Construction is anticipated to commence in late 2026, pending EPBC clearance and a final investment decision. The development phase is expected to span up to four years, with workforce requirements reaching approximately 500 workers during peak construction activity. The wind farm has gained strong local community backing and ranks among the latest wind energy projects to obtain development approval in Queensland. Through its Sponsorship Fund, the project has already contributed over AU$215,000 to community initiatives and has pledged a Community Benefit Fund valued at a minimum of AU$500,000 annually during both construction and operations, amounting to around AU$17.5 million over the project’s operational life.