Steven Miles, premier of Queensland, Australia, unveiled plans yesterday (6 June) to allocate a record AU$26 billion (US$17 billion) to the state’s Energy and Jobs Plan over the next four years, facilitating the rollout of solar PV and energy storage technology.
The investment is set to “supercharge renewable energy, storage, and transmission” and is the “largest investment being made in the nation,” increasing the AU$19 billion assigned to the plan in last year’s budget.
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As part of the investment, AU$16.5 billion will be provided to renewable energy and storage projects, AU$8.5 billion will go towards the construction of a ‘SuperGrid,’ AU$500 million will be allocated for network batteries and local grid solutions, and AU$192 million will be provided for the Transmission and Training Hubs in Townsville and Gladstone.
Commenting on the budget, Miles highlighted the economic opportunity renewables could bring to the state, asserting that it would mean “more jobs for Queensland, more investment and more industry innovation”.
“One thing I’m particularly passionate about is our state’s transition to renewables and the economic opportunity that transition can bring. It means more jobs for Queensland, more investment in Queensland and more industry innovation right here in Queensland,” Miles said.
“The Queensland Energy and Jobs Plan is a plan I am proud of, and I am proud to be investing in it through the first budget handed down as Queensland premier.”
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