Qld Labor promises renewable energy funds

November 12, 2017

Queensland Premier Annastacia Palaszczuk has announced renewable energy funding.

Queensland's Labor government is in ongoing discussions with American energy firm Tesla to build a battery factory in Townsville, amid a multi-million dollar election pledge to kickstart plans for a new solar plant.

Visiting the Clare Solar Farm in the Burdekin electorate on Sunday, Premier Annastacia Palaszczuk announced a $151 million boost to the state's renewable energy sector if returned to office on November 25.

"We know that there is a renewable energy boom in this state," Ms Palaszczuk said.

"We anticipate there is going to be in the order of $20 billion worth of investment happening in Queensland.

"That has the capability of creating more than 15,000 jobs and these jobs are predominantly in regional Queensland."

The premier said $50 million would be spent as a down payment to build a new solar thermal base load generator, another $97 million towards fitting schools with solar panels and an additional $3.6 million to 'decarbonise' remote communities.

The measures fall under the Labor party's broader strategy to reach its goal of at least 50 per cent renewable energy by 2030.

Ms Palaszczuk has previously backed a Boston Energy-led consortium plan to build a $US1.6 billion ($A2 billion) lithium-ion manufacturing plant in Townsville, where the major parties and One Nation are battling to win over voters.

The Townsville City Council signed a memorandum of understanding with Boston Energy and Innovation chairman Bill Moss in April to investigate the financial viability of building the 15-gigawatt-hour battery plant that is estimated to create thousands of jobs.

In June, the council offered land at the former CSIRO Lansdown research station south of Townsville in exchange for equity in the project.

Boston Energy claims the plant will be able to produce up to one million home battery units or 250,000 car batteries once at full production.

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