As MYTILINEOS is continually expanding in Australia, embedding its strategy on sustainable development and renewable energy, it continues to secure long-term offtake agreements for its solar PV projects, securing revenues and establishing new high edge partnerships.
The latest asset currently under development by MYTILINEOS’ M Renewables sub-segment is the 150MW Munna Creek Solar Farm, located in Queensland, Australia.
Munna Creek is projected to generate enough clean energy to power around 41,000 homes, contributing to Australia's efforts to achieve 83% renewable energy by 2030 and help accelerate the country’s transition to a more sustainable energy alternative.
MYTILINEOS has recently signed a green PPA with Telstra, Australia’s leading telecommunications and technology company for half of the Munna Creek solar farm’s output. This is the first collaboration with Telstra and a big milestone for the project which has already commenced construction works on the solar farm in the third quarter of 2023.
A second PPA for Munna Creek is already secured with existing offtake partner NBN Co, the Australian Government owned national broadband wholesaler, for 20% of the solar farm’s output. MYTILINEOS established their business relationship on Wyalong solar farm, with a long term PPA, set to aid NBN’s commitment to purchase 100% renewable electricity by December 2025.
In the forthcoming years, the locality of Munna Creek will become a central hub for the generation of clean and green solar power for Queensland homes. Furthermore, it will be capable of producing electricity for around 50,000 homes.
Since 2019, when MYTILINEOS first entered the Australian market, it has acquired, developed, and constructed several projects of renewable energy and energy storage, as part of its global Renewable Energy Sources portfolio, that now exceeds 13 GW. The Australian portfolio currently includes six sites located in New South Wales and Queensland, each between 40 and 110 MW.
