$8 MILLION PORT PIRIE SOLAR FARM CONTRACT EXECUTED

–  Full agreement secured
–  MPower order book continues to grow
–  Business development activity remains at record levels

Sydney – 15 November 2018 – Tag Pacific Limited (ASX: TAG) (Tag) is pleased to advise that its wholly-owned subsidiary, MPower Projects Pty Limited (MPower), a specialist renewable energy, battery storage and microgrid business, has executed a full Engineering, Procurement and Construction contract for a 5MW (6.1MWDC) solar farm being developed by Renew Power Group Pty Limited in Port Pirie, South Australia.

The contract, valued at more than $8 million, incorporates the $1.4 million early works arrangement announced in September and October 2018. It is expected that the renewable project will be substantially completed this financial year.

MPower’s current order book has further strengthened and new business development activity remains at a high level.

COMMENT
Tag’s Chief Executive Officer Nathan Wise commented: “MPower continues to strengthen its order book and secure new decentralised power generating opportunities such as the Port Pirie Solar Farm.

“We’re enthusiastic to be working with Kevin Heydt and Renew Power Group on this innovative project that will showcase the latest renewable technologies.

“As a leader in renewable energy and microgrids, MPower is excited to be involved in a project that demonstrates the value of decentralised power generation. MPower has unrivalled capabilities in this sector and has a growing track record of delivering successful power projects across the region. We expect this to translate into further project wins in the coming months.”

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