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- Sectors We Support
- Energy
Sectors we support
Energy
The energy sector plays a vital role in driving economic development and job creation across northern Australia. Developing energy projects, whether renewable or traditional, stimulate local economies by creating employment opportunities, attracting investments, and fostering the growth of related industries.
By strategically developing its energy sector, northern Australia can enhance its economic and social well-being while contributing to broader sustainability.
Northern Australia is characterised by vast and remote areas that are often not connected to the main power grid. This makes it challenging and expensive to supply electricity to these regions using traditional methods. The development of localised and sustainable energy sources is therefore crucial to meeting the energy needs of the population, industries, and communities in the area.
The region is rich in energy resources, including solar, wind and hydro. It has abundant sunlight and wind resources, making it ideal for the development of renewable energy projects like solar farms and wind turbines. The utilisation of these resources contributes to a more diversified and resilient energy mix.
Given the growing concerns about climate change, there is a global push to transition to cleaner and more sustainable energy sources. Northern Australia's abundant renewable energy resources can contribute to reducing greenhouse gas emissions and supporting national and international climate goals.
Developing the energy sector in Northern Australia also drives technological innovation, particularly in the field of renewable energy and energy storage. This innovation can lead to advancements that benefit not only the region but also contribute to global efforts to address energy and environmental challenges.
Northern Australia's geographic isolation can make it vulnerable to disruptions in energy supply. By investing in local energy sources and infrastructure, the region can enhance its energy security, reduce its dependence on imported energy, and minimise the risk of supply interruptions.
The north is home to many Indigenous communities with unique cultural and economic considerations. Developing energy projects in these regions brings opportunities for economic empowerment and collaboration, while respecting cultural and environmental values.
Find out more
Whether you're interested in understanding our investment process, exploring the Investment Act and Mandate that guide our decisions, utilising our Indigenous Engagement Strategy Toolkit, or seeking answers to frequently asked questions, we've got you covered. Click on our quick links in this section to discover more about our mission and impact.