Australia’s Queensland government reportedly shelves 20GWh pumped hydro project
AI-summarised brief · reviewed before publication
Queensland’s state government has shelved the AU$6 billion Mt Rawdon pumped‑hydro project, ending its support for a scheme that would have repurposed the open‑cut pit of a gold mine into a 2 GW/20 GWh energy‑storage facility. The decision follows a Queensland Investment Corporation (QIC) review of four competing pumped‑hydro proposals, including the larger 2 GW/48 GWh Borumda project, which received AU$324 million for early works despite a cost estimate of AU$18.4 billion. Mt Rawdon, backed by Evolution Mining and ICA Partners and slated for a seven‑year build, had attracted AU$50 million from the state and a commitment from CleanCo. The move continues a pattern of abandoning costly pumped‑hydro plans, such as the 5 GW Pioneer‑Burdekin scheme, while the government pursues storage initiatives to meet Queensland’s renewable targets by 2035.
💡 Why It Matters
- · By choosing a far more expensive, delayed project over a cheaper, mine‑site solution, Queensland signals a willingness to prioritize scale over immediate cost savings, reshaping the state’s energy‑storage roadmap.