Investing in Queensland's renewable energy supply chain
Queensland has many renewable energy resources, including solar, wind and geothermal. The state is also rich in new economy minerals, which are manufacturing inputs for renewable energy components. With recent growth in the industry, Queensland is becoming Australia's premier location for renewable energy manufacturing, generation and storage.
The Queensland Government has demonstrated its support for the renewable energy sector by setting renewable energy targets and introducing incentive programs to help grow the industry. There are many projects underway in Queensland, making now a good time to invest in our renewable energy industry.
Queensland's renewable energy sector is experiencing significant growth—boosting employment and regional development. Queensland has one of the world's highest levels of solar exposure, with an average of 20 megajoules per square metre. This makes it the ideal location for solar energy generation. Queensland also has vast resources of hot rocks and underground hot water basins used in the creation of geothermal power.
Queensland also has areas of excellent wind resources, which are beginning to be developed in Northern Queensland, west of Gladstone and in the Darling Downs. The strong investment in Queensland's renewable energy generation projects will continue to grow, providing certainty to manufacturers and supply chains.
Battery and storage technologies are also seeing significant growth. Queensland has an advanced materials and battery ecosystem that is emerging and innovative, and being reinforced by both:
- strong research capability, particularly with the National Battery Testing Centre located in northern Brisbane
- opportunities to supply storage solutions to state-owned energy generators.
Queensland's North West Minerals Province contains the copper, zinc, vanadium and cobalt minerals needed to build components for renewable energy generation, such as solar PV and batteries.
This guide explains the benefits of investing in Queensland's renewable energy supply chain.