Leading Australian energy infrastructure business, APA Group (ASX: APA), today announced it has reached a Final Investment Decision (FID) to build stage two of the Mica Creek Solar Farm in Mount Isa. APA’s stage two investment is underpinned by a variation to the existing offtake agreement with APA customer Mount Isa Mines Limited (MIM), a Glencore Company. The variation adds a new service for the supply of electricity from the Mica Creek Solar Farm for 15 years, requiring additional capital expenditure by APA of around $70 million.
APA to Commence Stage Two of Mica Creek Solar Farm