Billionaire Forrest to Develop A$3 Billion Renewables Project
- Forrest says facility will help wean Queensland off coal power
- Fortescue also to start construction of electrolyser plant
Andrew Forrest
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Billionaire Andrew Forrest’s investment arm will develop a A$3 billion ($2.2 billion) wind, solar and battery facility in Australia that’s billed as the largest renewable energy precinct in the southern hemisphere.
The Clarke Creek project in Queensland could generate enough power for more than 660,00 homes -- equivalent to about 40% of the state’s households -- according to Squadron Energy, a unit of Forrest’s Tattarang investment group.