Australia, May 25 -- The Australian government announced the results of the Capacity Investment Scheme (CIS) Tender 7 for renewables. RWE secured a CIS contract for its 1.1-gigawatt (GW) Theodore onshore wind project, located in Central Queensland. The CIS underwrites the project with a set revenue floor and ceiling. The total investment volume to realise Theodore onshore wind farm amounts to AU$3 billion.The proposed Theodore Wind Farm site is located about 22 kilometres east of the township of Theodore, 50 kilometres south-west of Biloela and 150 kilometres south-west of Gladstone, in the Banana Shire Local Government Area. The proposed 1.1GW project would incorporate a wind farm with up to 170 turbines and a battery storage facility. It ...