APA Group announced it has reached a Final Investment Decision (FID) to build stage two of the Mica Creek Solar Farm in Mount Isa. APA's stage two investment is underpinned by a variation to the existing offtake agreement with APA customer Mount Isa Mines Limited (MIM), a Glencore Company. The variation adds a new service for the supply of electricity from the Mica Creek Solar Farm for 15 years, requiring additional capital expenditure by APA of around $70 million. FID on stage two, which comprises 44 megawatts of additional solar power generation, follows APA's announcement on 1 November 2021 that APA had reached FID on stage one of the Mica Creek Solar Farm and entered into an offtake agreement with MMG Dugald River (MMG) to supply an initial 44 megawatts of renewable electricity to MMG. APA's total investment for both stages of the works is estimated to be around $150 million. The second stage of the solar farm is to be co-located on the same site as stage one near APA's Diamantina Power Station Complex, on land which is leased from the Queensland Government. APA's solar offtake agreement has been negotiated at a commercially competitive tariff, consistent with utility solar pricing, and will reduce the average delivered cost of power for MIM.