Private sector and GOCs
The private sector will have a pivotal role in Queensland’s energy system, to deliver new infrastructure and investment needs over the next five years and beyond, supported by enabling actions of Government and Government-owned corporations (GOCs).
By 2030, the Roadmap estimates new capacity of up to 0.6 GW of gas-fired generation, up to 6.8 GW of wind and large-scale solar and up to 3.8 GW of storage in operation in Queensland.
Energy GOCs will focus on existing assets and core business to supply affordable and reliable energy and build a sustainable longer-term portfolio. The GOCs will partner with the private sector on new investment opportunities that meet portfolio need and deliver commercial value.
Signposts
QIC Investor Gateway for new energy investment
The Queensland Government is establishing the Investor Gateway to leverage QIC’s infrastructure expertise and capital market connections.
The Investor Gateway provides QIC with a clear mandate to:
- Attract private sector capital to meet the new energy infrastructure and investment requirements of the State and help grow the Queensland economy
- Match investor interest with energy GOC portfolio needs and market demand, including through project partnerships and contracting opportunities
- Develop innovative approaches to blend finance and maximise whole-of-State outcomes.
$400 million Queensland Energy Investment Fund
QIC will bring Queensland energy supply and firming projects from origination to operations through the $400 million Queensland Energy Investment Fund, inviting collaboration from the private sector and GOCs. As fund manager, QIC’s role will be to identify, filter, negotiate, execute and oversee direct and indirect investment — leveraging private sector capital — into new generation and storage assets located in Queensland.