Queensland gets USD-3.3 bn renewable power transmission link
- The Queensland federal government will certainly take control of an AUD-5-billion (USD 3.34 bn/EUR 3.13 bn) transmission line project that ought to assist incorporate approximately 6 GW of renewable energy capacity in the Aussie state, premier Annastacia Palaszczuk revealed today.
Touted as "the most substantial investment in economic facilities in North Queensland," the CopperString 2.0 transmission link will be 100% publicly had.
The 1,100-kilometre (684-mile) overhead transmission facility is intended to link Mount Isa, Cloncurry and the North West Minerals Province to the National Electricity Grid near Townsville, unlocking the North Queensland Renewable Energy Zone (REZ). Under the plan, it will certainly connect wind and also solar resources with essential minerals mining and also handling, which might potentially be utilized for making batteries.
According to the government's estimates, more than AUD 500 billion in investments in new important materials will be unlocked in North Queensland thanks to the project.
Queensland's transmission network proprietor PowerLink will lead the building. It will initiate early works this year, with building and construction to be officially introduced in 2024. The huge facility will end up being functional by 2029.
"Unlocking affordable renewable energy and also our important minerals will benefit Townsville, Mount Isa and also every community in between-- unlocking hundreds of jobs as well as billions in investment," the premier stated.
CopperString has remained in growth for about one decade as a personal venture by Townsville-based CuString Pty Ltd