Mytilineos Signs 40-MW Solar PPA with Marubeni

• Mytilineos SA has secured a 40-MW solar power purchase agreement (PPA) in Queensland, Australia. With the help of SmartestEnergy Australia, a unit of Marubeni Corp, the Kingaroy solar farm is under construction and expected to be operational by 2021. Mytilineos has 11.9 GW of assets in development globally, including 376 MW in Australia.

Mytilineos SA has secured a 40-MW solar power purchase agreement (PPA) in Queensland, Australia. The agreement was made with local electricity retailer SmartestEnergy Australia, a unit of Japan’s Marubeni Corp. The PPA is connected to the Kingaroy solar farm, which is currently under construction and expected to be operational by the end of 2021. Mytilineos also has two other projects in Queensland and New South Wales that have reached financial closing. The group has a total of 11.9 GW of assets in various stages of development globally, with 376 MW of these in Australia.

Mytilineos' 40-MW Solar PPA with Marubeni

• The PPA is a long-term contract between Mytilineos' Energy and Metals unit and SmartestEnergy Australia.
• The project is part of a 237 MW portfolio of 3 schemes located in Queensland and New South Wales.
• Mytilineos acquired the three projects progressively over 2019 and 2020.
• The Kingaroy PV park is under construction and slated to be operational this year.
• SmartestEnergy Australia is a unit of Japan's Marubeni Corp.
• The PPA is for 40 MW of clean power that will be offtaken and then sold to corporate and industrial clients in Australia.
• Mytilineos has been operating on the Australian market since 2019 and now has 376 MW of assets there.
• Globally, the Greek firm has projects in various stages of development totalling more than 11.9 GW.