Mytilineos’ Aussie PPA signed

The listed group announced that Mytilineos and SmartestEnergy Australia signed a long-term power purchase agreement (PPA) for the 40-megawatt Kingaroy Solar Farm in Queensland, Australia.

Mytilineos own Kingaroy Solar Farm and is part of a 237 MW portfolio in Australia that reached financial completion in December 2022. SmartestEnergy Australia will offtake renewable energy from the solar farm, retailing it to its C&I customer base in Australia.

As a global and people-powered renewable energy company, SmartestEnergy offers reliable, innovative retail solutions for clean energy, leading the way to a 100% renewable energy system in Australia, the UK and the US. Specifically in Australia, where solar and energy storage solutions could be the key to a sustainable energy future, long-term deals like the new Kingaroy PPA help ensure new assets are built and continue generating clean energy for decades.

Kingaroy Solar Farm is now in the final stage of construction by Mytilineos and will be operational in late 2023. This PPA enables the company to build the solar farm with project financing and progress Mytilineos’ renewables build-out strategy in the Australian market.