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    Stanwell And RES Group Unveil Plans For 500MW Wind Farm In Australia


    September 27, 2022 - Fitch Solutions Sector Intelligence

     

      • Infrastructure
      • Australia
      • Company Brief
      • Fitch Solutions

      Stanwell And RES Group Unveil Plans For 500MW Wind Farm In Australia

      • 27 Sep 2022
      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      News: Stanwell and RES have unveiled plans to develop a 500MW wind farm in Australia. Called Tarong West, the proposed wind farm will be located 30km south-west of Kingaroy. Subject to board and shareholding minister approval, Stanwell can receive AUD776.0mn (USD504.03mn) via the Queensland Renewable Energy and Hydrogen Jobs Fund. The wind farm is expected to produce energy to serve around 230,000 homes. Construction is expected to start in 2024 with commercial operations scheduled to start from 2026, according to a press release from Stanwell.

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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