Queensland's plan for clean energy company stalls as coal cash surges

The Guardian > Energy 

The Queensland government appears to have stalled on plans to create its own clean energy generation company, even as it delivered a state budget propped up by a surge in coal royalties. The June 2017 "powering Queensland" plan introduced the idea of CleanCo, a government-owned renewable energy corporation that would operate renewable generators and develop new projects. Recommendations to establish CleanCo and restructure the state's existing generators were due in the first half of 2018. State budget papers reveal that timeline has been stretched. "The government established a taskforce to investigate the establishment of CleanCo and will continue to investigate and engage with stakeholders across 2018-19 to deliver on its commitment," the budget papers say.

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