Metis Energy Ltd, based in Singapore, has signed a long-term power purchase agreement with SmartestEnergy Australia for its 111 MWp Gunsynd Solar Farm project in Queensland. The power purchase agreement (PPA) between Metis’ Progressive Developments Goondiwindi Pty Ltd and the Japanese company Marubeni Corp. was announced.
The Gunsynd park, which will be built in Queensland’s Goondiwindi area, has the capacity to generate over 250 GWh of electricity annually. An estimated 32,000 local residences’ annual power needs might be satisfied by its output. With preliminary development on the site ongoing, the plant should be operational by 2025.
By late 2022, Gunsynd’s development rights were acquired by Metis Energy. In March 2024, the project’s financial closure was achieved, and PCL Solar, the engineering, procurement, and construction (EPC) contractor, received a Notice to Proceed (NTP). This is the Singaporean company’s first renewable energy venture in Australia.
