Queensland govt to gas state’s transition to renewable power with $26bn funding

Premier Steven Miles will announce state’s largest ever investment in green power ahead of next week’s budget

The Queensland premier, Steven Miles, is expected to announce today a pledge in next week’s budget to spend $26bn on renewable energy.

It would be the largest ever investment in green power for the sunshine state, and is about $7bn more than previously earmarked.

$16.5bn towards renewable energy and storage projects

$8.5bn to build a “SuperGrid”, including the CopperString project and renewable energy zones

$500m for network batteries and support of local grid solutions

$192m for the transmission and training hubs in Townsville and Gladstone.