Renewable Energy System Technologies

Innovation  Sustainability  Repeatability

Munna Creek - Queensland

REST Energy will develop a 120MW solar farm in Munna Creek (Queensland). This project is being fully funded by the Company.  The development of the project will be subject to Federal, State and Local Government and local community support, finding suitable land close to an existing electrical grid and a viable electricity connection and power purchase agreement.  The project will be one of the largest solar power generation in Australia and cost approximately $300 million.  It is expected to have about 500,000 PV (photovoltaic) modules and cover an area of about 250ha. It will generate about 250,000 MWh of clean, renewable electricity each year and reduce greenhouse gas emissions by over 200,000 tonnes of CO2 equivalent per year.  It will produce enough electricity to meet the needs of about 30,000 Queensland homes and be roughly equivalent to removing over 50,000 cars from the road.

Project Delivery

REST Energy will be responsible for the development and management of the project. PV modules or panels will be used to convert sunlight into electricity which will be fed into an existing electricity grid.  An experienced EPC (Engineering, Procurement and Construction) contractor will be sought for the delivery of the project, including obtaining all the relevant approvals, engineering, procurement, construction and, possibly, maintaining the plant after operations commence. A Munna Creek property has been purchased for the project. During the construction period, up to 300 direct jobs will be created and approximately 15 jobs will be on-going during operation.  Planning and development will take place in 2017, with construction expected in 2018 and operation to start in early 2020.

Risks

As with any large projects, there are risks.  However, given that there are already several operational large scale solar farms across Australia and many under development in Queensland, the risks are not insurmountable.

A consultation and feasibility study has been completed and has provided assurance for the project to commence the next phase.  Ongoing analysis and reviews will be performed to ensure the success of the project.