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$24 billion investment, 35,000 jobs at stake without Qld government action to support renewables

September 5, 2018 Business News No Comments Email Email

Queensland’s planned renewable energy projects could inject $24 billion into the state’s economy and support up to 35,000 jobs if the state government strengthens policy and support for the sector, according to a new Solar Citizens report.http://www.itb-asia.com/press/media-services/accreditation/

Renewable Energy Across Queensland’s regions shows there are currently 50 operational renewable energy projects and 27 under construction across the state*. BUT, an additional 69 planned renewable projects awaiting approvals and investment decisions are at risk of not going ahead.

Report author Tristan Edis said: “The renewable energy power stations built or committed to construction in Queensland since 2015 will deliver $4.2 billion in investment with 5,687 construction and 273 ongoing full-time jobs.

“If all renewable energy power plants being considered for investment were to proceed, the sector would generate six times more jobs and economic benefits to the state  – that’s $24 billion in investment, 34,000 construction jobs, 1,500 ongoing full-time jobs.”

The Solar Citizens report also found:

  • World class renewable energy resources: The state’s solar and wind farms are achieving levels of energy generation 20% to 50% greater than international standards.

  • Rooftop solar boom: There are 550,000 rooftop solar systems in Queensland and the rooftop solar industry already supports an estimated 1,200 full time jobs.

  • Savings:  Queensland homes with solar save on average $720 per year on electricity bills, and businesses an average of $3,000. Across the state, that equates to an estimated at $414 million of savings.

  • Renewable energy targets: One quarter of Queensland’s electricity will come from renewable energy sources by 2020. The additional 15,000MW of proposed new renewable projects could lift renewable energy to over 90% of Queensland’s electricity needs.

Solar Citizens Queensland spokesperson Louise Matthiesson said: “Queensland’s high-quality sun, wind and water resources give us a major competitive advantage over other states and countries around the world.

“Without strong, consistent and ongoing policy support for renewables, it is highly likely Queensland will miss out on many of these opportunities and fall short of reaching its target of at least 50 per cent renewable energy by 2030.

Friday’s Clean Co announcement was a welcome step, but the state still lacks a clear renewable energy industry roadmap to harness this resource to create jobs and investment for regional Queensland.”

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