{"id":822668,"date":"2025-03-06T10:04:46","date_gmt":"2025-03-06T15:04:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wang-lee-group-awarded-us71-million-contract-by-nq-marble-with-exclusive-rights-to-pioneer-dual-purpose-marble-quarrying-and-solar-crypto-farm-operations-in-queensland\/"},"modified":"2025-03-06T10:04:46","modified_gmt":"2025-03-06T15:04:46","slug":"wang-lee-group-awarded-us71-million-contract-by-nq-marble-with-exclusive-rights-to-pioneer-dual-purpose-marble-quarrying-and-solar-crypto-farm-operations-in-queensland","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wang-lee-group-awarded-us71-million-contract-by-nq-marble-with-exclusive-rights-to-pioneer-dual-purpose-marble-quarrying-and-solar-crypto-farm-operations-in-queensland\/","title":{"rendered":"Wang & Lee Group Awarded US$71 Million Contract by NQ Marble with Exclusive Rights to Pioneer Dual-Purpose Marble Quarrying and Solar Crypto Farm Operations in Queensland"},"content":{"rendered":"
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\n Historic partnership combines sustainable resource extraction with renewable energy innovation, driving growth in Australia\u2019s marble quarrying and green tech sectors<\/i>\n <\/p>\n

\n Hong Kong, March 06, 2025 (GLOBE NEWSWIRE) — <\/b>
\n Wang & Lee Group, Inc. (Nasdaq: <\/b>
\n \u200bWLGS<\/b>), a multinational leader in sustainable infrastructure and resource development, today announced it has been awarded a \u200bUS$71 million contract\u200b by \u200bNQ Marble Pty Ltd, a Queensland-based marble quarrying enterprise, to exclusively undertake (i) the exploration and quarrying of natural marble and \u200b(ii)\u200b the design and implementation of a \u200bsolar battery crypto farm\u200b across multiple sites in Queensland, Australia. A non-refundable deposit of US$1 million has been paid by NQ Marble to WLGS. This groundbreaking initiative will optimize 25.42 km\u00b2 of land by integrating marble production with renewable energy generation, capitalizing on Queensland\u2019s world-class solar resources and accelerating Australia\u2019s transition to sustainable industrial practices. This pioneering project taps into Australia\u2019s underutilized solar resources, leveraging\u00a0average annual solar irradiance of 5.5\u20136.0 kWh\/m\u00b2\/day\u2014exceeding regions like Japan (3.5\u20134.0 kWh\/m\u00b2\/day) and Germany (2.8\u20133.2 kWh\/m\u00b2\/day).<\/p>\n

\n \u200bSynergizing Marble Production and Renewable Energy<\/b>
\n \u200b<\/b>\n <\/p>\n

Under the agreement, WLGS will leverage its expertise to extract high-value marble from NQ Marble\u2019s existing sites while simultaneously developing a state-of-the-art solar battery crypto farm across idle portions of the land. Queensland\u2019s exceptional solar exposure\u2014averaging over \u200b300 days of sunshine annually<\/b>\u2014positions the region as an ideal hub for renewable energy projects. The solar farm will power cryptocurrency mining operations, with excess energy stored in advanced battery systems to ensure uninterrupted productivity and reduce reliance on fossil fuels.<\/p>\n

\n Key Benefits of the Dual-Purpose Model:<\/b>
\n \u200b<\/b>\n <\/p>\n