The Queensland government says that the energy corporation Stanwell, a major provider of electricity, will build Australia's largest state-owned wind farm in the South Burnett region.
The proposal would see the Tarong West Wind Farm built at Ironpot, 30 kilometres south-west of Kingaroy.
The government has announced a $776 million injection of funds for the project, which will be drawn from the state's $2 billion Renewable Energy and Hydrogen Jobs fund.
The project, with up to 150 turbines, could generate 500 MW capacity, enough clean electricity to power up to 230,000 homes, said Premier Annastacia Palaszczuk.
She said that investments like this will ensure that we deliver on our net-zero ambitions and our promise to Queenslanders to become a global renewable energy superpower.
It's expected that the project will involve around 200 construction jobs and 15 ongoing jobs when it becomes operational.
The premier will be visiting the site, in the state's Southern Queensland Renewable Energy Zone, ahead of a major announcement on energy and climate change on Wednesday.
In Queensland, there were 50 renewable energy projects that are currently committed or operational, according to Ms Palaszczuk.
She said that billions of dollars have already been invested in setting us up to capitalise on the jobs, industries, and exports of the future.
Treasurer Cameron Dick said the project would boost Stanwell's asset portfolio and was expected to provide substantial commercial value, giving it control of significant renewable generation capacity.
Stanwell sells wholesale electricity into the National Energy Market and sells electricity to large commercial and industrial clients through its retail business, Stanwell Energy.
It owns and operates the coal-fired Stanwell Power Station near Rockhampton and the Tarong power stations in southern Queensland.
In a statement by Stanwell's chief executive, Michael O'Rourke, said it would be a significant milestone for the publicly owned corporation.
He said that the Tarong West Wind Farm project will help us meet our customers' demand for renewable energy products.
It will provide future career development opportunities for our people. If it's approved, the wind farm would be operational from 2026, and construction would begin the same year.
Three renewable energy zones have been designated for development by the Queensland government, in areas that the Australian Energy Market Operator has identified as having high-quality wind and solar resources.
By 2030, the government will have 50 per cent renewable energy and zero net emissions by the year 2050.
More than 20 per cent of the state's electricity is generated from renewable energy sources, including rooftop solar and solar and wind farms.