Queensland Government Launches $200 Million North West Energy Fund for Renewable Projects

The Queensland government has introduced a $200 million North West Energy Fund (NWEF) to promote renewable energy generation and battery storage in North West Queensland, particularly in towns like Mount Isa and Cloncurry. This initiative follows rising costs of the CopperString project, now estimated at over $13.6 billion, and aims to foster private sector partnerships while identifying investment opportunities through a market sounding process involving over twenty organizations. The fund seeks to deliver flexible energy solutions and ensure an affordable, reliable energy supply in the region.

Published Mar 20, 2026

The Queensland government has launched a $200 million North West Energy Fund (NWEF) to support renewable energy generation and battery storage in North West Queensland. This follows significant cost escalations on the CopperString project, now projected to exceed $13.6 billion.

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The NWEF will facilitate partnerships with the private sector and focus on projects in towns such as Mount Isa, Cloncurry, Julia Creek, and Richmond. A market sounding process has started, engaging over twenty organizations to identify investment opportunities. The fund aims to provide flexible energy solutions and promote affordable, reliable energy supply amidst anticipated growth in the region.