Queensland Subsidizes First Gas Peaking Plant in Decade
The Queensland government has agreed to subsidize the construction of a new gas peaking plant, marking the first such project in over ten years. The Brigalow gas power station will have a capacity of 400 megawatts (MW) and is set to begin operations by 2028.Key TakeawaysThe Queensland government provides financial support for the Brigalow gas peaking plant, a first in over ten years.CS Energy will purchase power from Brigalow under a 25-year hedge offtake agreement to mitigate risks associated with low wholesale electricity prices.The project aims to add up to 8.3 gigawatts (GW) of gas-fired generation capacity by 2035, according to the state's energy roadmap.Queensland’s Brigalow gas peaking plant is a joint venture between APA Group and CS Energy, set to be built next to Kogan Creek coal...