Stanwell mulls entering 1.8 GW of RWE wind projects in Australia

Electricity and energy solutions provider Stanwell Corporation will consider joining German energy major RWE AG (ETR:RWE) in the execution of two onshore wind projects in Australia with a combined capacity of up to 1.8 GW.

It was unveiled on Wednesday that the two companies have entered into a memorandum of understanding (MoU) under which Stanwell will assess the potential offtake of electricity from and the possible investment in the 1.1-GW Theodore wind project near Biloela and an unnamed early-stage development in southern Queensland of up to 720 MW.

The two wind projects could be completed by 2029, RWE said in a statement.

“RWE sees Australia as a very attractive renewable energy growth market and we are looking forward to working on developing the proposed Theodore Wind Farm,” the group’s chief executive Markus Krebber stated.

The German company has been present in Australia for 10 years now and in 2018 started work on its first renewable energy project on the continent – the 249-MW Limondale solar farm in Balranald, New South Wales. Presently, RWE Renewables Australia is engaged in the development of utility-scale wind, solar and energy storage projects in Queensland and other states.

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