Amid worldwide energy shortages, Australia sits in pole position as the only continent with potential to produce enough energy from renewables for both its own consumption and export. Australia has bold ambitions to achieve a 43% reduction of emissions by 2030 with the Queensland Government’s plan to end its reliance on coal fired power stations by 2035 and its $62b commitment leading the nation’s charge to reach that goal.
The City of Gladstone is key to Queensland’s strategy. Producing around ~20% of Queensland’s energy from the state’s largest coal fired power station, Gladstone is also home to some of Australia’s largest LNG plants. The Port of Gladstone (PoG), one of Australia's finest natural deep water harbors and Queensland's largest multi-commodity port, has capacity to export more than 120 million tonnes per annum.
According to the Farsight Report, a joint Construction Skills Queensland and CSIR Oinitiative, northern Queensland will attract up to $6.5 billion in renewable energy investment each year through to 2050 and will be one of the biggest winners as the nation transitions to renewable energy.
Recent energy shortages across Europe and Asia highlighted the reliance in those regions on imported energy. As green hydrogen technology advances at a rapid rate, it will soon become one of the most sought-after imports in these regions,feeding an ever-increasing appetite for green energy.
JLF is strategically placed to capitalize on Gladstone’s emergence as one of Australia’s preeminent green energy hubs through its ownership of the largest waterfront freehold site adjoining the port of Gladstone. We are working with the Queensland Government, Gladstone Economic Development Council and leading international renewable energy companies to position the site to realize its highest and best use,while at the same time contributing to the transition toward renewable energy for our domestic and international markets.