Australian Mining Billionaire invests in a joint solar-wind-battery development that will be enough to power 40% homes in Queensland.
Australian iron ore billionaire Andrew Forrest announced he was investing A$3 billion ($2.2B) in renewable energy projects in central Queensland.
Forrest, who’s been betting heavily on a global green revolution, revealed his company Squadron Energy has acquired the two-stage Clarke Creek project, a wind, solar, and battery farm operation.
The first stage of the Clarke Wind project is expected to be fully operational in 2024, while the stage two could come online in 2026.
Once complete, the project could provide enough wind, solar, and battery energy to supply more than 660,000 homes.
That is enough clean power for about 40% of Queensland households!
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