The Marinus Link Pty Ltd (MLPL) Board has backed Marinus Link, recommending that its shareholders make a final investment decision to proceed to the project’s first stage.
The recommendation advises that there is a sound financial and economic investment case for proceeding with the construction phase of Marinus Link Stage 1, based on an assessment of forecast costs, revenue, associated benefits and risks.
MLPL’s three shareholders will now undertake their own detailed analysis, due diligence, and risk assessments before issuing a formal final investment decision in July 2025.
MLPL Chair, Sandra Gamble, said, “While MLPL is not directly involved in this process, the team stands ready to provide any additional information or support as requested to assist shareholders as they move through their respective detailed processes.”
Pending a positive final investment decision, the Board’s recommendation marks the beginning of a series of detailed financial and regulatory steps before Marinus Link can proceed to the construction phase.
Following the successful completion of these important gateways, construction would commence in 2026.
“The MLPL Board recommendation is a significant milestone for the project and represents years of dedicated work and engagement with communities and stakeholders across Tasmania and Victoria,” Gamble said.
“In providing its recommendation to shareholders, the Board also acknowledges the extraordinary effort and commitment of the MLPL team in achieving this milestone and the next step in delivering this critical renewable energy infrastructure project.”
