Danish fund secures $1.7B to build Queensland wind and battery farm
A Danish fund bought full ownership of the Gawara Baya project. It got $1.7 billion from 10 banks. They will build the complex by 2030.
Why it mattersMajor investment from overseas shows confidence in Australia's move to renewable energy. The money helps Australia build the energy systems it needs. These systems will help the country leave coal behind.
AustraliaThe Gawara Baya project is located in north Queensland and will help replace retiring coal-fired power stations while meeting the nation's growing electricity demand.
Corroborated byperthnow.com.au
✓ Claims checked against the source. checked 2 h ago
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