RWE secures Capacity Investment Scheme contract for 1.1GW Theodore onshore wind project in Australia

Type: Supply Agreement · Technology: Onshore Wind · Country: Australia · Capacity: 1.1 GW · Value: AUD 3B · Announced: 2026-05-25

RWE has secured a Capacity Investment Scheme (CIS) contract for its 1100MW Theodore onshore wind project in Central Queensland, Australia. The CIS contract underwrites the project with a set revenue floor and ceiling, supporting a total investment of AU$3 billion. The Theodore project could feature up to 170 turbines and a battery storage facility, capable of powering approximately 500,000 Queensland homes. Construction is expected to start later this year, subject to federal Environment Protection and Biodiversity Conservation approvals and a final investment decision, and is anticipated to take up to four years, requiring a workforce of up to 500 people during peak periods. RWE has also proposed a community benefit fund of at least AU$500,000 a year during construction and operations, totaling AU$17.5 million over the project’s operational lifetime.

Analysis

RWE has secured a Capacity Investment Scheme (CIS) contract for its 1.1GW Theodore onshore wind project in Central Queensland, Australia. This supply agreement supports a total investment of AU$3 billion for the project, which could feature up to 170 turbines and a battery storage facility. RWE is a leading renewable energy company investing billions of euros worldwide in the energy transition, focused on expanding offshore and onshore wind, solar energy, and battery storage. The CIS contract underwrites the Theodore project with a set revenue floor and ceiling, with construction expected to start later this year, subject to federal Environment Protection and Biodiversity Conservation approvals and a final investment decision. Construction is anticipated to take up to four years and will require a workforce of up to 500 people during peak periods.

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