DNV has provided technical due diligence services to MYTILINEOS, the developer of the 150 MWp Munna Creek solar project located in Queensland, Australia.
As the independent advisor, DNV contributed to ensuring the project's bankability and compliance with industry standards. The technical due diligence covered assessments of the site, plant design, environmental permits, grid connection and access, supplier contracts, energy yields and a review of the Equator Principles to ensure that the project adheres to socially responsible and environmentally sound practices.
The solar farm achieved a financial close in December and consists of more than 500,000 solar panels. Upon completion, it is expected to produce about 300,000 MWh of power annually, enough to cater to around 40,000 local households. Telstra and National Broadband are the main off-takers for the power generated from the plant. The anticipated sustainable energy production from the solar farm is projected to offset around 200,000 tons of carbon dioxide emissions annually.
