Beyond targets, transitioning with purpose

On the cover is the 520 MW Stubbo Solar—a defining milestone for our platform. Delivered on time and within budget, the project is now one of the largest operating solar farms in Australia and marks our entry into the Central-West Orana Renewable Energy Zone (REZ)—one of the country’s most strategically important clean energy hubs.

At the heart of this region, Stubbo Solar establishes ACEN’s foothold in what is set to become a major center of clean energy generation in New South Wales. Building on this, we are advancing a pipeline of projects in the REZ—including Birriwa Solar and BESS, Valley of the Winds, and the Phoenix Pumped Hydro project—representing approximately 3 GW of potential capacity and supporting the large-scale integration of renewable energy into the grid.

But this transition is not defined by infrastructure alone.

The landscapes we operate in, and the communities who have long cared for them, are central to how we build. From the Aboriginal to the Torres Strait Islander peoples, we are reminded of a deeper connection to land, heritage, and future generations.

At Stubbo Solar, this means working with respect, listening closely, and creating shared value through local partnerships, cultural recognition, and long-term stewardship of the land.

As we move beyond targets, our focus is clear: to transition with purpose—where clean energy powers progress while sustaining communities, culture, and future generations.