Press release: Development Application Approved for Rodds Bay Solar Farm by Gladstone Regional Council

Australian renewable energy company Renew Estate has been granted planning approval to build Rodds Bay Solar Farm, a 300 megawatt (MW) project located approximately 50 kilometres south of Gladstone, near the town of Bororen.

Rodds Bay will be one of the largest solar farms in Australia , providing enough renewable energy to power approximately 88,000 homes. Construction is expected to commence in late 2018 and the project will be fully operational in Q1 2020.

Director Simon Currie stated that the Rodds Bay project will play a pivotal role in the development of Gladstone as the energy capital of Queensland, and will provide substantial opportunities to local businesses, contractors and workers.

Mr Currie said that “Renew Estate is committed to delivering tangible, meaningful and enduring benefits to the people, the businesses and the communities who are our neighbours.

"At its peak, a solar farm of this size requires about 300 workers on site. We will collaborate with local training organisations to ensure local job-seekers have the skills needed to construct and operate a solar farm, and we will prioritise the employment of locals in enduring roles once the project is operational.

"More generation and competition mean lower power prices and Renew Estate looks forward to delivering the cheap solar energy produced by this project to consumers and businesses in the greater Gladstone area.”

Mark Hogan, Managing Director of Wirsol Energy – a major shareholder of Renew Estate said "Wirsol Energy owns the largest portfolio of solar PV projects in Australia. We are committed to Queensland and have over 200MW in operation and construction already in the state. This is an exciting time for the solar industry in Australia and Rodds Bay will help us quickly reach our target of 1GW in Australia."

For more information visit www.roddsbaysolarfarm.com.au

About Wirsol Energy Pty Ltd

WIRSOL Energy Pty Ltd has been a major player in the large scale renewable energy market since its creation in 2013. Starting in Germany as a subsidiary of the WIRCON Group, the company has grown to develop, construct and operate integrated renewable energy systems, including utility scale solar PV projects across Europe and now as the market leader in Australia. WIRSOL Energy Pty Ltd has excelled due to its highly developed skill set, particularly in securing high quality sites, facilitating network connection, securing off-take agreements and establishing development financing. For additional information please visit its website www.wirsol.com.au

About Renew Estate

Renew Estate is an Australian renewables company with a wide range of skills designed to develop renewable energy projects with long term benefits for Australia. It is passionate about ensuring considered use of land, technology and investment. It is committed to delivering up shared and tangible benefits to the communities that host its projects. Its vision is that its projects leave a legacy of lower energy prices, increased employment and increased demand for local services and products. For more information please visit: www.renewestate.com

Periurban Property is very pleased to have been involved in leading this project to this approval. We look forward to the pipeline of projects now in process with Renew Estate and also Energy Estate Pty Ltd.