Octopus Australia has acquired the Dunmore solar + BESS project in Queensland from Samsung C&T Renewable Energy Australia, a subsidiary of Samsung C&T Corp. The transaction marks Samsung C&T’s first solar project monetization outside the US, executed before construction.

The key insight is structural. Samsung is choosing to sell greenfield assets post-permitting but pre-capex, rather than carry projects through construction. This is not a market-timing trade. It is a deliberate capital recycling strategy.

Dunmore is a 300 MW solar PV project with a co-located 150 MW / 300 MWh BESS, located near Toowoomba, Queensland, on a 538-hectare site. The project sits adjacent to an existing 330 kV transmission line, removing the need for new transmission investment. Environmental approval was secured in Nov-2025.

By exiting at this stage, Samsung avoids construction risk, EPC inflation, and balance sheet drag, while monetizing development value once permitting and grid access are locked. The asset is clean, de-risked, and construction-ready without being capital-intensive.

For buyers like Octopus, this is the trade. Pay for certainty, not execution. The project can power roughly 60,000 homes, with storage capable of delivering two hours of peak support, and is expected to reduce up to 740,000 tonnes of CO₂e per year.

This deal signals a widening gap between developers who build to own and developers who build to sell. Samsung has made its choice.

Want to track the latest M&A, financings, PPAs, and key developments across the industry?Explore the Enerdatics Insights page.