Department of Energy and Public Works
Queensland Budget 2021-22 · Palaszczuk Government
As at budget day (2021-06-15)
Across budgets
Tracked across 4 budgets (2021-22 to 2024-25).
Key service areas
Budget initiatives
A new $2 billion Queensland Renewable Energy and Hydrogen Jobs Fund, expanding the previous $500 million Renewable Energy Fund by $1.5 billion, to increase investment by government-owned energy businesses in commercial renewable energy and hydrogen projects and supporting infrastructure, helping achieve the 50 per cent renewable energy target by 2030.
A $2 billion fund backs publicly owned renewable energy and hydrogen projects, creating regional jobs and cheaper, cleaner power.
Equity. A $2 billion fund deploying equity into government-owned corporations' renewable energy and hydrogen projects as investment cases are demonstrated. BP2 Capital Measures Table 7.2 shows $100 million appropriated in 2021-22, with around $1 billion of the $2 billion flowing over 2021-22 to 2024-25; because deployment is demand-driven the budget-year amount is recorded as null.
$144.9 million earmarked in 2021-22 for publicly owned generator CleanCo to build, own and operate the $250 million, 102.6 megawatt Karara Wind Farm on the Darling Downs, as part of CleanCo's $222 million 2021-22 capital program.
The state's publicly owned clean energy generator builds a new wind farm on the Darling Downs, adding renewable capacity and regional jobs.
Public Non-Financial Corporations capital (CleanCo). $144.9 million earmarked in 2021-22 towards the $250 million Karara Wind Farm.
Forward estimates
Year-by-year allocations for 1 measure with published forward profiles.
| Measure | 2021-22 | Total |
|---|---|---|
| Karara Wind Farm | $144.9M | $144.9M |
| Total | $144.9M | $144.9M |
Performance metrics
Service standards from the Service Delivery Statement. Targets and actuals as published.
| Metric | Prior target | Actual | Target |
|---|---|---|---|
| 2024-25 | 2024-25 | 2025-26 | |
| Renewable energy as percentage of total energy consumed in Queensland | 20% | 20% | 22% |
| Return on investment - commercial properties included in the office portfolio | ≥6.5% | 6.5% | ≥6.5% |
| Return on investment - government employee housing | ≥1.5% | 1.5% | ≥1.5% |
| Vacancy rate - office portfolio | ≤3.5% | 2.4% | ≤3.5% |
| Energy performance - percentage of occupied government office accommodation achieving a rating ≥5 star under NABERS | >80% | 75% | 80% |
| Operating cost per $1,000 of managed spend on general goods and services | ≤$2 | $1.23 | ≤$2 |
Source: Service Delivery Statement. Prior target and actual are for 2024-25; target is for 2025-26.
Source document
Service Delivery Statement — Department of Energy and Public Works (PDF)Last updated: 2026-06-21. Factual information from published budget documents.