Edify Energy Secures CIS Deals for Hybrid Solar Projects

• Edify Energy's solar-battery projects in Townsville promise to power 120,000 homes and boost the local economy by AUD 450 million, paving the way for a sustainable future.

Edify Energy has secured agreements under Australia’s Capacity Investment Scheme (CIS) for two hybrid solar and battery projects in Townsville, North Queensland. The projects, comprising the 150-MW Ganymirra and Majors Creek solar power stations, will feature a combined 300 MW/1,200 MWh of lithium-ion battery storage. They are slated for operation by 2028 and will provide electricity for approximately 120,000 households.

The projects are expected to contribute over AUD 450 million (USD 286.3 million) to the local economy through job creation and community engagement. Edify's initiatives were part of a larger CIS tender, which selected 19 renewable energy projects totaling 6.4 GW of generation capacity and 3.5 GWh of storage.

How will Edify Energy's projects impact the local economy and renewable energy landscape?

• Job Creation: The construction and operation of the Ganymirra and Majors Creek solar power stations are expected to generate thousands of jobs for the local workforce, including roles in engineering, construction, project management, and ongoing operational positions.
• Local Supplier Engagement: Edify Energy will likely source materials and services from local businesses, fostering economic growth within the community. This could include contracts for construction materials, maintenance services, transport, and more.
• Increased Tax Revenue: The projects are anticipated to contribute significant tax revenue to local and state governments, which could be reinvested into community services and infrastructure development, further enhancing local economic health.
• - Infrastructure Development: The development of these renewable energy projects may necessitate upgrades to existing infrastructure, such as roads and energy transmission lines, potentially benefiting local communities in the long term.
• Energy Independence: By increasing local renewable energy generation, these projects can reduce reliance on fossil fuels, contributing to greater energy independence for the region and enhancing energy security.
• Stimulation of Local Business: The influx of workers and investment associated with the projects may lead to increased demand for local services, including housing, retail, and hospitality, thus further stimulating the local economy.
• Community Engagement and Programs: Edify Energy may develop programs aimed at community education and training in renewable energy technologies, empowering local residents with new skills and knowledge that can benefit them in the evolving job market.
• Environmental Benefits: By transitioning to renewable energy, these projects will contribute to reduced greenhouse gas emissions and local air pollution, leading to improved public health and quality of life for residents.
• Reputation as a Renewable Energy Hub: Successful implementation of these projects can position Townsville as a leader in renewable energy, attracting further investment and initiatives in clean technology and sustainability within the region.
• Long-term Sustainability: The energy produced from these projects will serve not only current demands but will also help sustain local energy needs for future generations, contributing to long-term environmental and economic resilience.
• Public Engagement and Support: As part of their project execution, Edify Energy is likely to engage with the community to address concerns and support local initiatives, helping to build a positive public perception of renewable energy projects.

By focusing on these aspects, Edify Energy's initiatives will not only bolster the local economy but also strengthen the broader renewable energy landscape in Australia.