This One Ai Lai Ai Lai Liao, Watch It!

Excerpt From AR2024

In Australia, we have made a significant progress on our 111MWp DC/94 MW AC Utility Solar Project in Queensland, Australia, acquired in end 2022. All the necessary permits to commence construction have been secured for this development. We have signed a Connection Agreement with the Queensland Transmission Company, Energy Queensland in December 2022, and secured the Development Approval from the local Town Council. The Group has achieved financial close in February 2024 and issued the Notice to Proceed (&ldquo NTP&rdquo ) to the Contractor, marking a major milestone for the project. Once operational, this project will be capable of producing up to 250 gigawatt hours of energy annually, which is equivalent to abating approximately 150,000 tons of CO2 emissions and powering up to 32,000 households in Queensland annually. We strive to deliver this project within timeline and budget and will work closely with the local community to bring about benefits to the region. The team is committed to deliver the project by 2H 2025. The completion of this project will form the foundation and cornerstone of Metis portfolio in Australia.