Queensland’s new CleanCo

The Queensland Government is committed to increasing competition in the state’s energy market to put further downward pressure on electricity prices and secure Queensland’s renewable energy supply.

Powering Queensland through renewable energy

The Queensland Government is committed to increasing competition in the state’s energy market to put further downward pressure on electricity prices and secure Queensland’s renewable energy supply.

As part of the Powering Queensland plan, the Government has created CleanCo, a new publicly owned clean energy generator. CleanCo will own, operate and grow a portfolio of low and zero emission electricity generation assets to help Queensland achieve its 50 per cent renewable energy target by 2030.

It will support the growth of Queensland’s renewable energy industry and increase competition in the wholesale electricity market, putting pressure on prices and facilitating a reliable, secure and affordable transition to increased renewable energy generation. CleanCo is responsible for the Queensland Government’s Renewables 400 procurement program, to deliver up to 400 megawatts (MW) of new renewable energy and storage projects in Queensland.

As a Queensland Government-Owned Corporation, Queensland Treasury monitors the performance of CleanCo on behalf of the Treasurer, as a shareholding minister.

For more information visit https://cleancoqueensland.com.au

Last updated: 12 September 2019