Bungaban is a 1.4GW wind energy project that can be responsibly developed, grid connected via the existing infrastructure and producing sustainable, cost competitive energy for homes and industry within the next five years.
Bungaban has the capacity to provide clean energy to one in three Queensland households, displacing about 4 million tonnes of carbon from the state’s energy generation profile every year.
The project will coexist with the region’s agricultural industry, delivering important benefits to the region and play a key role in support Queensland’s critical decarbonisation objectives.
During construction the project will create more than 750 new Queensland jobs and inject around $500 million into the regional economy though local employment, supply and contracting. Once operational, Bungaban will occupy around 1 per cent of the combined area of its host properties.
A strategic partnership with a major industrial customer for 80 per cent of all energy produced over 25 years, will see Bungaban play a critical role in securing the sustainable future of central Queensland’s metals and advanced manufacturing industries, which have a key role to play in Australia’s low-carbon future.
This is the largest renewable energy Power Purchase Agreement in the world to date, and it highlights the importance of new, large scale renewable energy projects in supporting Queensland’s powerhouse minerals processing and advanced manufacturing industries, which employ thousands of people in regional communities across the state.
The remaining 20 per cent of the project’s generated electricity will supply Australia’s National Electricity Market, delivering clean electricity to homes and businesses.