CIMIC Acquires 300MW Solar Project in Qld

• CIMIC Group's unit Pacific Partnerships acquires rights to develop 300-MW DC solar project in Queensland, capable of providing power for around 100,000 average-sized homes. Juan Santamaria notes Queensland is strategic focus for their diversified energy and utilities portfolio. Engineering, procurement and construction to be managed with an aim to commission in 2026.

CIMIC Group's unit Pacific Partnerships has acquired the rights to develop a 300-MW DC solar project in Queensland from Renewable Energy Partners. Located in the Western Downs area, it will be capable of providing power for around 100,000 average-sized local homes. Pacific Partnerships is in the process of managing the engineering, procurement and construction for the plant with an aim to commission it in 2026. CIMIC Group's executive chairman Juan Santamaria noted that Queensland is a strategic focus for their diversified national portfolio of energy and utilities assets.

What Benefits Does CIMIC Group's 300-MW Solar Project Offer Queensland?

• Creation of jobs and economic growth in the region by providing employment opportunities during the construction phase, and permanent employment opportunities upon completion.
• Reduced emissions by providing clean energy and helping Queensland meet its target of 50% renewable energy sources by 2030.
• Cost-effective energy for the region. The use of renewable energy sources such as solar power helps to reduce operating costs and increase energy efficiency.
• Improved energy security by reducing dependence on imported energy sources.
• Improved air quality as solar energy does not release any greenhouse gases or other pollutants into the atmosphere.
• Improved quality of life for local residents by providing low-cost, clean energy to homes and businesses.