A new $200 million energy fund has opened for proposals to support affordable and reliable power solutions in North West Queensland.
The fund aims to support local energy projects around areas including Mount Isa, Cloncurry, Julia Creek and Richmond. It will help improve electricity reliability and support long-term reductions in energy costs.
The program is designed to support a range of energy solutions, including gas, energy storage, wind and solar projects. It will focus on strengthening electricity supply in the North West Minerals Province and nearby communities.
The fund is part of a broader energy development plan and is linked to the expansion of major electricity infrastructure in North Queensland. It aims to help communities and industries benefit from improved energy access.
Early market feedback showed strong interest from potential participants. Several proposals are now being considered, including renewable energy projects that could support mining and industrial operations in the region.
The fund will support projects that improve energy reliability while helping local industries remain competitive. It also aims to encourage investment and economic growth in regional areas.
North West Queensland is a major resource region with significant mineral opportunities. Improved energy infrastructure is expected to support future development and create benefits for local communities.
The fund will be managed through an investment process that assesses proposals based on their ability to deliver practical energy solutions.
Additional community projects are also planned to provide long-term benefits for communities across North and North West Queensland.