Decmil: memorandum of understanding with SolarReserve

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Decmil Group Limited  is pleased to announce that it has entered into a Memorandum of Understanding with an Australian subsidiary of leading US based solar developer SolarReserve.

SolarReserve is a leading global developer of utility-scale solar power projects with an extensive 13,000 megawatt (“MW”) worldwide development portfolio of large-scale solar projects, including more than 3,400 MW of solar photovoltaic (“PV”).

The MOU established between the parties relates to the development, design and construction of a ~70MW solar PV project in New South Wales and brings together SolarReserve’s extensive experience as a power project developer, owner and operator with Decmil’s reputation as a leading regional integrated engineering construction company.

Work on the development approval process is about to commence. SolarReserve will be the project owner and developer and Decmil Group companies, including subsidiary Scope Australia, will manage the development approval process and undertake engineering design work through to construction delivery as an engineer-procure-construct (“EPC”) contract.

Progression of the project is subject to successful completion of the development approval process and fund raising, with construction expected to commence in the 2018 calendar year.

Decmil Managing Director and Group CEO, Scott Criddle, commented:

“Decmil is excited to be partnering SolarReserve on this project. Both organisations bring complimentary skills together to form a highly formidable team to deliver utility grade solar PV projects in the Australian market.”

SolarReserve Senior Vice President of Development for the USA, Latin America, Asia and Australia, Tom Georgis, commented:

“SolarReserve looks for strong, complimentary partners in each of our active markets. This MOU with Decmil will help advance our pipeline of solar PV projects in the Australian market by partnering with an established contractor that has broad expertise in regional engineering construction.”