February 25, 2026
The State Government-owned Stanwell Corporation has pulled out of its proposed ownership of the Tarong West wind farm development at Ironpot.
Stanwell had held an option to acquire 100 per cent of the wind farm pending the successful outcome of the approval process.
Tarong West received Environment Protection and Biodiversity Conservation approval – one of the final milestones before construction can start – from the Federal Government just last week.
On Wednesday, a two-sentence statement appeared on the Stanwell website:
Stanwell has transferred its option to acquire the Tarong West Wind Farm to a private investor who will progress the project with RES.
Stanwell retains exclusivity to negotiate a long-term commercial offtake arrangement for power from the Tarong West Wind Farm through a Power Purchase Agreement (PPA).
The proposed Stanwell ownership of Tarong West was first mentioned in 2022 when the then-Labor State Government announced the project had been allocated $776 million from the $2 billion Queensland Renewable Energy and Hydrogen Jobs Fund.
It was formalised in September 2024 when Stanwell CEO Michael O’Rourke and RES Australia CEO Matt Rebbeck signed the options agreement, described at the time by Stanwell as “an historic deal”.
However, rumours have circulated since the Liberal-National Party took power at the October 2024 State Election that Stanwell might pull out of the arrangement.
South Burnett Mayor Kathy Duff said she was “surprised” by the Stanwell announcement but had heard the rumours.
southburnett.com.au has sought comment from both Member for Nanango Deb Frecklington and RES, the developers of the project.
Related articles:
- Major Milestone For Wind Farm
- Stanwell Signs Up For Tarong West
- Major Step Forward For Wind Farm
- RES Quizzed On Wind Farm Route
- Wind Farm Updates On Monday
- More Wind Farm Info Sessions
- Planned Wind Farm Shrinks
- Wind Farm Info Sessions Planned
- $776m Wind Farm Project Unveiled
- Huge Wind Farm Planned For Ironpot
