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CS Energy acquires $1.3b wind project

Queensland’s state-owned energy company CS Energy has acquired the $1.3 billion Lotus Creek Wind Farm Project from Copenhagen Infrastructure Partners.

This acquisition marks a milestone as the first 100 per cent publicly owned wind farm to enter the construction phase under the Queensland Energy and Jobs Plan.

Located near St Lawrence, the 285-megawatts (MW) Lotus Creek Wind Farm is set to become a major contributor to Queensland’s clean energy goals. The project will feature 46 wind turbines capable of generating enough electricity to power approximately 150,000 homes.

Queensland’s Minister for Energy and Clean Economy Jobs Mick de Brenni said not only will this project generate clean, cheap energy, but the construction will power clean energy jobs for hundreds of locals in Central Queensland.

“We’re putting communities at the forefront of the energy transition, and the community benefit fund will provide a huge economic boost to St Lawrence for decades to come,” he said.

“By backing Lotus Creek, we’re ensuring Queenslanders benefit from the renewable revolution with 100 per cent publicly owned assets.

“This project is a testament to our commitment to turning clean energy into sustainable jobs for generations to come.”

Construction is slated to begin in the coming weeks, with CIP assisting in the project’s delivery. Vestas and Zenviron have been appointed to lead equipment supply and construction efforts.

The State Government is backing the project with substantial funding, including $624.3 million from the Renewable Energy and Hydrogen Jobs Fund and an additional $300 million from coal royalties announced in the 2023–24 Budget.

The wind farm is expected to provide a significant economic boost to the region, creating around 400 jobs during the construction phase and up to 15 ongoing operational roles. This aligns with the Queensland Energy and Jobs Plan’s objectives of fostering economic growth, promoting local employment, and supporting regional communities.

Environmental considerations have been a key focus, with the project securing more than 4,500 hectares of land in the region to be improved and protected as environmental offsets.

The development has also prioritised engagement with local indigenous communities.

According to Vestas and Zenviron, they have worked closely with the Barada Barna People and Barada Kabalbara Yetimarala People, the Traditional Owner groups of the project area.

This collaboration aims to increase employment opportunities for members of indigenous communities throughout the project’s lifecycle.

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