MPower Group sells Queensland PV-storage site for growth funds

• MPower Group Limited seeks to sell Lakeland solar-storage park in Queensland for expansion, with projects in SA, VIC, and NSW. Plans for Victoria scheme purchase canceled.

Sydney-based renewables developer MPower Group Limited is looking to sell its Lakeland solar-storage park in Queensland to raise capital for future expansion. The company has a pipeline of project opportunities across eastern Australia and is advancing schemes in South Australia, Victoria, and New South Wales. Plans to purchase a renewable energy scheme in Victoria have been cancelled.

The Lakeland complex in Far North Queensland consists of 10.8 MW of PV panels and a 1.4 MW/5.3 MWh lithium-ion battery energy storage system. The site operates under a long-term power purchase agreement with Origin Energy until 2030. MPower is also constructing a 5-MW PV park in New South Wales and plans to add battery storage to its 4.9-MW Faraday solar park in Victoria.

Is MPower Group Limited selling its Lakeland solar-storage park in Queensland?

• MPower Group Limited, a Sydney-based renewables developer, is looking to sell its Lakeland solar-storage park in Queensland to raise capital for future expansion.
  The Lakeland complex in Far North Queensland consists of 10.8 MW of PV panels and a 1.4 MW/5.3 MWh lithium-ion battery energy storage system.
  
• The site operates under a long-term power purchase agreement with Origin Energy until 2030.
  
• MPower Group Limited has a pipeline of project opportunities across eastern Australia and is advancing schemes in South Australia, Victoria, and New South Wales.
  
• Plans to purchase a renewable energy scheme in Victoria have been cancelled.
• MPower is also constructing a 5-MW PV park in New South Wales and plans to add battery storage to its 4.9-MW Faraday solar park in Victoria.