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Enel buys 1GW hybrid complex in Australia

RICHARD HEAP

January 15, 2024

Enel Green Power Australia has agreed to buy the 1GW Julia Creek wind-and-solar hybrid project in Queensland from mining group QEM.

The complex is planned to be adjacent to the Julia Creek vanadium mining and oil shale project in northwest Queensland. Enel Green Power Australia is jointly owned by Italy’s Enel Green Power and Japan’s INPEX Corporation.

QEM is also offering a 10-year power purchase agreement for up to 25MW of the project’s headline capacity to support its mining operations.

Werther Esposito, chief executive at Enel Green Power Australia, said the project was one of the largest planned in Queensland and would make a “significant contribution to achieving Queensland’s renewable energy targets of 70% renewable energy by 2032, and 80% by 2035”.

Gavin Loyden, managing director of QEM, said: “It is testament to the quality of the renewables resource above ground and the vanadium resource below it that QEM has been able to attract and appoint Enel Green Power Australia to deliver the renewables project that will provide cheaper power for our project and assist us to contribute to the global clean energy transition.”