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[Photo courtesy of Samsung C&T] |
[Alpha Biz= Paul Lee] SEOUL, South Korea — Feb 5, 2026 — Samsung C&T Corporation’s Trading & Investment Group announced on February 5 that it has sold its solar and Energy Storage System (ESS) project rights in Queensland, Australia, to a subsidiary of the UK-based Octopus Group. This marks the company’s first successful monetization of a renewable energy project outside the United States.
The transaction was executed by Samsung C&T Renewables Energy Australia (SREA), which transferred the project rights to Octopus Australia.
The project site, located in Dunmore—approximately 240km west of Brisbane—spans 538 hectares, an area nearly double the size of Seoul’s Yeouido district. The facility is designed as a hybrid system with a capacity of 300MW (megawatts) of solar power and a 150MW/300MWh Battery Energy Storage System (BESS). Once operational, it is expected to generate enough electricity to power approximately 60,000 Australian households annually.
Samsung C&T first ventured into the renewable energy sector in 2010 with a large-scale wind and solar complex in Canada. It significantly expanded its footprint by entering the U.S. solar market in 2018. To date, the company has recorded cumulative profits of approximately $300 million (approx. 410 billion KRW) from the sale of its U.S. renewable assets.
Building on its success in North America, Samsung C&T entered the Australian market in 2022. Following this successful exit in Queensland, the company is actively pursuing additional solar and ESS projects in other regions, including New South Wales.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
