Mammoet gears up to meet growing demand in Australian wind market
Currently, wind farms in Australia are being installed at an even greater scale in order to generate more electricity to meet the renewable power targets set by the Australian government. Hub heights and therefore rotor blades, nacelles and tower sections are all growing taller, which subsequently requires larger cranes to carry out installation. Mammoet is welcoming another new LG1750 crane to its existing Australian fleet to help meet the demands of a fast-growing Australian wind market.
Fleet extension with another LG1750 helps customers realize higher and more powerful wind turbines
The LG1750 crane is specifically designed to meet wind turbine erection requirements. With a 750 ton capacity, it is the strongest lattice boom mobile crane in the world. Operations Manager Mammoet, Riki McMahon, said this makes the LG1750 the ideal crane to work with higher and more powerful wind turbines.
“The addition of these cranes ensures we are equipped for the future developments and demands of the market,” he said. “This is on top of our highly specialized team of professionals, our extensive fleet of main cranes ranging from 300 to 750 tons and our experience gained over decades installing wind farms around the world. We are in the best possible position to optimize wind farm construction processes for our Australian customers,” he said.
Mammoet is a global market leader in wind farm installations and has over 15 years of experience erecting wind farms in Australia with a strong track record of heavy lifting, mechanical and electrical installation. Furthermore, Mammoet is now also offering wind transport services in Australia and is currently working on a project in Western Australia as well as two other projects on the East Coast.
Deloitte bolsters renewable energy, clean-tech and innovative technologies capability with new partner
Deloitte financial advisory has appointed renewable energy and clean technology specialist John O’Brien as a renewable energies partner within the firm’s energy, resources & industrials group.
John has over 20 years’ experience in the Australian energy sector advising governments in Australia, Korea and China, industrial leaders in the water, oil and gas and energy sectors on clean energy and technology innovators bringing the next generation of clean technology solutions to market.
Before basing himself in Adelaide, John’s career included oil and gas and engineering roles in Scotland, London and Syria. In Australia he joined what would become Origin Energy where he worked in national strategic development, M&A and corporate investment positions.
In 2007, John founded and established Australian CleanTech, a strategic and corporate advisory firm with a primary focus on energy and environmental sector technologies, projects and programs.
Deloitte energy, resources & industrials national lead, Michael Rath said: “John is a respected leader in his field, helping organisations and governments manage the risks and seize the opportunities from the disruption as we transition to a low carbon economy. We’re delighted to welcome him to the team and to significantly strengthen our capability in this renewable energy, sustainability and clean technology space advising clients as they navigate the pace and scale of change throughout all areas of their business.”
David McCarthy, Deloitte managing partner financial advisory, said: “The combination of a changing regulatory environment, investor focus and emerging technologies is presenting both enormous challenges and opportunities for any company that provides or uses energy. Deloitte works with its clients to help them navigate these difficult waters and John’s addition to the team will allow us to further deliver on this commitment.”
John O’Brien added: “I am thrilled to be joining Deloitte as it will enable the scale up of my work to create more value for more clients and ultimately smooth and accelerate Australia’s transition to a prosperous, low carbon economy.”
ABB to install multipurpose microgrid in Australia
ABB will supply a microgrid solution to the Energy Storage for Commercial Renewable Integration (ESCRI) project, which will provide a more secure power supply in an area that has high renewable penetration into the grid. The solution will connect an ABB Ability PowerStore™ 30 megawatt (MW) battery energy storage solution to the Electranet transmission system enabling the value stacking of storage in regulated energy market.
In Australia, the increase of intermittent renewables within the power grid is adding complexity for grid operators. In South Australia wind farms generate the bulk of electricity consumption for the state. There is also an increasing deployment of solar, both large scale and roof top panels installed in the state and across the country.
The ABB Ability PowerStore will be installed at the Dalrymple substation on the Yorke Peninsula in South Australia. Not only will the solution improve the overall reliability of power supplies, but it will also make it possible to provide additional market services and fast-acting power response that helps to balance the network on a daily basis and also support the increased power transfer with the interconnectors to Victoria.
In the event of a transmission line outage, the islanded microgrid solution will work together with the existing 90MW Wattle Point wind farm and distributed rooftop solar PV’s to provide uninterrupted power supply until connection to the grid is restored. The ABB Ability microgrid solution will be able to deliver enough power to run about 400 homes for at least 24 hours without the input from renewable generators. ABB’s advanced Microgrid Plus control solution will manage the sophisticated automation of the hybrid systems while ensuring secure and seamless power supplies with an optimal renewable energy contribution.
“Our modular and scalable ABB Ability PowerStore in combination with Microgrid Plus control and automation solution can be deployed in a fast and efficient way ”, said Massimo Danieli, head of ABB’s Grid Automation business within the company’s Power Grids division. “Our advanced technology meets up to complex requirements that are part of today’s energy revolution and microgrid solutions are playing an increasing role in the evolution of the grid.”
This project is part funded by the Australian Renewable Energy Agency (ARENA) and is being delivered by the Engineering and Procurement Company, Consolidated Power Projects (CPP) working jointly with ABB. South Australia’s principal Transmission Network Service Provider ElectraNet owns the installation, with the daily operations to be the responsibility of the energy provider AGL. ABB has also supplied a dry-type transformer and switchgear, which has been integrated into the microgrid solution as well as engineering services, operations and maintenance support.
ABB is a pioneer in microgrid technology with over 40 such global installations, across a diverse range of applications serving remote communities, islands, utilities and industrial campuses. 15 of these solutions are in Australia.
ReNu Energy closes $100m bioenergy alliance and 1st project investment
- Alliance Agreement for $100m bioenergy portfolio - ReNu Energy and Resonance Industrial Water Infrastructure Fund (RIWIF) have signed an Alliance Agreement with the intention to jointly develop a $100m bioenergy portfolio on a 30% ReNu Energy, 70% RIWIF basis.
- First project – sale of 70% of Goulburn Bioenergy Project
- Definitive legal agreements signed to sell to RIWIF a 70% interest in ReNu Energy's Goulburn Bioenergy Project for $2.8 million cash, with ReNu Energy continuing as the longterm operator of the Project;
- Completion expected in early July 2018 subject to Foreign Investment Review Board (FIRB) approval which has been requested.
- Proposed second project – AJ Bush Bioenergy Project including 'G4' expansion and sale of ReNu Energy’s 70% interest
- RIWIF is in advanced due diligence in relation to the previously announced AJ Bush ‘G4’ expansion project and proposed acquisition of a 70% interest from ReNu Energy;
- A final investment decision followed by negotiation and execution of definitive agreements by ReNu Energy, RIWIF and AJ Bush anticipated in Q3 2018.
- Pipeline - significant pipeline of additional bioenergy project opportunities for the ReNu Energy and RIWIF alliance has been developed.
Alliance Agreement and first Alliance Project – Goulburn Bioenergy Project
Further to the Company’s announcement on 17 April 2018, ReNu Energy Limited (ASX: RNE) is pleased to announce the execution of agreements with RIWIF for the establishment of the alliance to develop a portfolio of up to $100m of bioenergy investments and the sale of a 70% interest in ReNu Energy’s existing Goulburn Bioenergy Project.
Under the Alliance Agreement, ReNu Energy has agreed to provide RIWIF with a first right of refusal over the next 4 years to take a 70% interest in the development of its next $100m of bioenergy projects in Australia and New Zealand. For all projects developed by the alliance, ReNu Energy will be engaged as head engineering procurement and construction (EPC) contractor and to provide ongoing operations, maintenance and management services (O&M services).
Under the investment agreements, RIWIF intends to acquire a 70% interest in the existing Goulburn Bioenergy Project for a total consideration of $2.8 million. Post-acquisition, the ownership and management of the Project will be governed by a shareholders’ agreement which will also govern the operation of the alliance and future alliance projects. ReNu Energy will provide O&M services for the Goulburn Bioenergy Project under a long-term operations and management agreement.
The transaction is expected to complete in early July 2018, subject to FIRB approval which has been formally requested.
The legal agreements for the alliance and sale of the 70% interest in the Goulburn Bioenergy Project contain provisions which are customarily found in agreements for transactions of this size, type and nature.
Proposed second Alliance Project – AJ Bush Bioenergy Project including 'G4' expansion and sale of 70% interest
Due diligence for RIWIF’s investment in ReNu Energy’s other existing bioenergy asset, the AJ Bush Bioenergy Project, together with the investment in the AJ Bush ‘G4’ bioenergy expansion project is advanced and continuing with both parties anticipating finalisation of investment decision and contract negotiations with each other and AJ Bush re the ‘G4’ expansion project in Q3 2018.
ReNu Energy has previously affirmed its strategic focus on four key growth areas:
- Bioenergy Power Purchase Agreements
- Solar PV Power Purchase Agreements
- Solar PV Embedded Networks
- Solar PV grid connected operations
The Alliance Agreement with RIWIF demonstrates material progress in relation to Bioenergy Power Purchase Agreements. The Alliance Agreement provides a funding pathway for ReNu Energy to jointly establish a portfolio of up to $100m of bioenergy investments, allowing the partners to pursue new business opportunities within ReNu Energy’s existing bioenergy business development pipeline.
Commenting on the transaction, ReNu Energy acting CEO, Craig Ricato, said; “We are very pleased to have entered into an Alliance Agreement with RIWIF and to have agreed the first stage of their investment in our bioenergy business through the sale of a 70% interest in our Goulburn Bioenergy Project. This transaction aligns perfectly with ReNu Energy’s strategic plan and we are excited about the future of this part of our business and what can be achieved by our alliance with RIWIF. We would like to thank RIWIF’s advisor, Resonance Asset Management Limited, and its team for their collaboration over the past weeks.
We look forward to finalising the AJ Bush transaction soon and working with Resonance over the coming years as we develop and grow our portfolio of renewable bioenergy energy assets.”
Nick Wood, CEO of Resonance Asset Management, said; “RIWIF invest in long term income generating Industrial Water Assets, providing sustainable improvements to the environment. We are delighted to be partnering with ReNu Energy as they build out their bioenergy portfolio across Australia and New Zealand and we look forward to a long-term relationship with them. It has been evident over the last few weeks that both parties enjoy a collaborative working style which we believe will be to the long-term benefit of all stakeholders.”
ReNu Energy is continuing to rapidly progress all other aspects of its business and further develop pipelines of opportunities in its four key growth areas in accordance with its strategic plan. The Company will provide an update to the market on its progress and FY19 business plan shortly.
Source: ReNu Energy
Bungama Solar Farm
Location: Bungama, ~6km east of Port Pirie in South Australia
Capacity: 280 MW
Developer: EPS Energy
LGA: Port Pirie Council
Expected cost: $350-$400mil
Description: To be developed on approximately 500 hectares of cleared land in the suburbs of Bungama, Napperby and Warnertown, situated approximately 6km east of Port Pirie. The project is within the Local Government Area of Port Pirie Regional Council. Integrated into the National Electricity Market through a 275kV connection to ElectraNet’s Bungama Substation.
Contact: Stephen McCall
Tel: (02) 9258 1362
Granite Hills Wind Farm
Referral for the Granite Hills Wind Farm placed on public exhibition by the federal Department of the Environment and Energy.
Granite Hills Wind Farm Pty Limited (Granite Hills) proposes to develop a wind farm over approximately 2,000 ha of rolling woodland, farmland and forest, spanning Steeple Flat Road, Steeple Flat, approximately 12 km south east of Nimmitabel in New South Wales (NSW).
The Granite Hills wind farm would comprise of up to 32 wind turbine generators (WTGs). The final turbine type has not been selected but will be likely be similar to the GE158 4.8MW. The selected WTGs will have a maximum 200 m tip height. The total capacity of the plant is expected to be 132MW at point of connection, but may be in the range of 121 to 150MW, depending on turbine type and final design.
Associated infrastructure also includes but is not limited to a substation, possible battery storage, control room, underground transmission lines, a short section of overhead line to connect to the grid, permanent maintenance facility (including various buildings for offices and maintenance), temporary on-site concrete batching plant and roads.
Budget delivers on affordable and clean energy
The 2018-19 State Budget will continue to drive down energy prices, fuel Queensland’s renewable energy uptake and deliver a reliable electricity supply.
Energy Minister Dr Anthony Lynham said this year’s state budget would continue to reinvest dividends from publicly-owned electricity businesses to deliver more affordable energy.
“We are investing $2 billion over two years to deliver our Affordable Energy Plan,” Dr Lynham said.
"The dividends from our electricity businesses in 2018-19 will help pay for concessions and rebates to support vulnerable electricity customers, and help drive down prices,” Dr Lynham said.
“We’ve committed to helping Queensland families reduce their energy costs and we are delivering on our commitment to a two-year cap on electricity price rises to average inflation.
“We are already seeing results with a recommended (1.3 per cent for typical regional household) decrease in regional prices recommended by the QCA and competition driving savings in the south-east corner.
“More than $464.6 million has also been allocated to ensuring families in regional communities and areas like Townsville, Cairns and Mount Isa pay a similar amount for their electricity to a family or household in Brisbane.”
In 2018-19, the Budget will include:
- $195.5million for the $341 electricity rebate for eligible seniors, pensioners, veterans and low-income families, including Commonwealth Health Care Card holders and asylum seekers.
- $100 million for the second $50 rebate on the bills for Queensland households in the second quarter of calendar 2019.
- $20 million for the regional Business Energy Savers Program, which includes the Energy Savers Plus Program Extension. In the first phase of the Energy Savers Plus Program, 96 energy audits were delivered, resulting in $1.5 million in annual savings for our farmers.
- $50 million contribution towards an innovative and regional solar thermal plant. “This project will deliver clean, dispatchable and baseload power by storing heat from the sun until it is needed,” Dr Lynham said.
- $1.461 billion in the electricity distribution network, so Queenslanders continue to enjoy a safe, secure and highly reliable electricity supply.
Source: Queensland Government
Canola oil processing to be powered with bioenergy
The Australian Renewable Energy Agency (ARENA) today announced funding to transform an Australian oilseed crushing, refining and packaging company to switch to bioenergy.
On behalf of the Australian Government, ARENA is providing $2 million in funding to MSM Milling Pty Ltd to help switch its LPG gas fired boilers to a biomass fuelled boiler.
The project, totalling $5.38 million, involves installing a 4.88MW biomass-fired boiler at the facility based in Manildra in regional NSW which will be fuelled by locally sourced renewable wood chips, such as forestry thinnings, offcuts and sawmill by products, to generate steam necessary for the canola processing operation.
The project is one of Australia’s first demonstrations of a large-scale food manufacturing company seeking to reduce energy costs and environmental impact by using biomass for thermal energy.
MSM Milling’s change to bioenergy not only replaces the use of gas in the oilseed business, but involves using sustainably sourced wood chips in a move that increases economic return to the forestry industry.
ARENA CEO Ivor Frischknecht said the funding helps to grow the currently underdeveloped biomass industry in Australia.
“Bioenergy currently makes up only around 0.9 per cent of Australia’s energy mix, however the use of wood chips to displace gas is becoming attractive as consumers are increasingly demanding better environmental performance across product supply chains.
“We hope MSM Milling’s innovation will lead to more industries turning to biomass in a move which could increase renewable energy generation in NSW and Australia and create alternative value streams for wood materials currently considered as waste,” he said.
“By integrating renewable energy options into MSM Milling’s production process, the company is showing its commitment to sustainability and renewable energy, and will also receive lower and more predictable energy costs. This project will go a long way to encouraging other companies to incorporate bioenergy into their energy makeup,” he said.
MSM Milling Director Bob Mac Smith said the ARENA funding, combined with a significant company investment in the project, not only cements MSM Milling’s future as a regionally-based global food industry leader, it also helps to secure the jobs of 70 employees and allows the company to pioneer the way for other Australian manufacturers to adopt renewable energy technology.
“MSM Milling has spent a number of years researching to identify the optimal thermal energy solution for the plant to further secure our future and allow us to continue to provide sought-after trusted oil and value added oilseed products to local and international markets. The project will significantly reduce greenhouses emissions, fossil fuel energy use and depletion, while increasing renewable energy generation in NSW – all in line with our company’s commitment to operate with the lowest carbon footprint, the highest energy and water efficiency and the least overall environmental impact,” he said
“We’ve partnered with experienced technology providers Justsen, Uniquip Engineering and carbon energy expert Ndevr Environmental for this project and will document and share the process of technology adoption to encourage further uptake within the Australian manufacturing sector,” Mr Mac Smith said.
Progress in 2017: Delivering Australia's 2020 Renewable Energy Target
The report, Progress in 2017: Delivering Australia's 2020 Renewable Energy Target, covers the operations of the Renewable Energy (Electricity) Act 2000 (the Act) for the 2017 calendar year.
The report has been prepared in accordance with Section 105 of the Act and was tabled in Parliament on 12 June 2018.
The report provides information about the Clean En ergy Regulator's administration of the Act and how the Renewable Energy Target is performing against its legislated objectives, which are:
- to encourage additional generation of electricity from renewable sources
- to reduce emissions of greenhouse gases in the electricity sector, and
- to ensure generation of electricity from ecologically sustainable renewable energy sources.
It also includes the Renewable Energy Target 2017 Annual statement.
Source: Clean Energy Regulator
New centre to drive energy policy in Victoria
The Andrews Labor Government is backing a new energy policy centre to help drive reform, and ensure Victoria’s energy system remains reliable, affordable and increasingly sustainable.
Minister for Energy Lily D’Ambrosio today launched the Victorian Energy Policy Centre (VEPC) – a collaboration with Victorian University, who will contribute $480,000 towards the Centre.
The Labor Government will provide $1.75 million to establish the VEPC, which will undertake research into the unique energy policy challenges Australia is facing.
The Centre will be independent of government but its research will be one of many inputs into decision-making.
Its focus will be broad, but it will concentrate on consumer protections, market trends and development of the energy industry. It will look towards building the energy systems of the future, not on propping up the failing policies of the past.
The VEPC will go beyond traditional academic approaches and will actively promote public discussion on energy issues.
Research is already underway and will be ongoing for the next two years.
Victoria continues to lead the way in developing new energy policy to reduce greenhouse gases, tackle climate change and deliver Victorian Renewable Energy Targets of 25 per cent by 2020 and 40 per cent by 2025.
Quotes attributable to Minister for Energy, Environment and Climate Change Lily D’Ambrosio:
“The energy debate is often dominated by vested interests – what we need is more independent, credible voices.”
“This Centre will combine rigorous research and analysis, with a clear focus on policies that put Victorian energy customers first.”
Source: Victorian Government
APA grants due diligence in response to receipt of an indicative non-binding proposal from CKI
APA (ASX: APA) has received an unsolicited proposal from a consortium led by CK Infrastructure Holdings Limited (CKI), comprising CKI, CK Asset Holdings Limited (CKA) and Power Assets Holdings Limited (together, the Consortium) to acquire all of the stapled securities in APA through trust schemes. The proposal is stated to be indicative and nonbinding.
The price is A$11.00 cash per stapled security. The proposal also permits a distribution not exceeding 24.0 cents per stapled security payable in respect of the six months to 30 June 2018.
The APA Board makes no recommendation in response to the proposal at this time. Securityholders are advised to take no action at this stage. There is no certainty that the proposal will result in a transaction.
The proposal is subject to a number of conditions, including:
- due diligence;
- the entry into a scheme implementation deed including typical deal protection and exclusivity arrangements and subject to customary conditions precedent including but not limited to, no material adverse change, no prescribed occurrences and all necessary regulatory approvals including the Foreign Investment Review Board (FIRB) and the Australian Competition and Consumer Commission (ACCC);
- CKA majority shareholders’ approval; and
- APA Directors indicating that they will support and vote in favour of the schemes (in the absence of a superior proposal).
The Consortium has informed APA that it has had discussions with and provided information to both FIRB and the ACCC. In respect of the ACCC, the Consortium has proposed a divestment package which would include APA’s interests in the Goldfields Gas Pipeline, Parmelia Gas Pipeline, Mondarra Gas Storage Facility and a standalone management team. The proposal is not conditional on these proposed divestments occurring before completion of the transaction.
Based on the indicative price of A$11.00 cash per stapled security, the APA Board considers that it is in the best interests of APA’s Securityholders to engage further with the Consortium.
Accordingly, APA has entered into a confidentiality agreement with CKI to allow it the opportunity to undertake due diligence on a non-exclusive basis.
As noted by APA Group Chairman, Mr Michael Fraser, ‘The APA Board will continue to evaluate the proposal and will update APA’s Securityholders and the market as appropriate. The Board believes APA has a very attractive business and is well positioned to continue delivering strong results and ongoing growth irrespective of whether the proposal proceeds to an offer.’
Source: APA Group
NOTE: APA Group also owns or has significant interests in renewable energy generating projects the Emu Downs Wind Farm and Solar Farm in Western Australia & the North Brown Hill Wind Farm in South Australia, the under construction Badgingarra Wind Farm and Solar Farm in WA, plus proposed projects the Darling Downs and Beelbee Solar Farms in Queensland.
Macquarie Group issues green loan facility
- Macquarie Group (Macquarie) issues £2.0 billion loan facility, including a £500m facility to finance green projects
- The green tranches will be used to support renewable energy projects initially, and energy efficiency, waste management, green buildings and clean transportation projects in the future
- Macquarie is the first financial institution to issue a green loan under the Green Loan Principles published by the Asia Pacific Loan Market Association (APLMA) in March 2018
- Macquarie intends to utilise market-leading, proprietary green impact assessment and reporting for eligible projects, developed by its Green Investment Group
Macquarie Group today announced the issue of a £2.0 billion loan facility (the Facility), including £500m in green tranches. The Facility builds on Macquarie’s significant and longstanding commitment to green energy and technology as a fund manager, adviser, financier, participant in environmental markets and investor alongside clients.
Proceeds from the green tranches will contribute to eligible green projects that provide clear green benefits. The Facility will adopt the four pillars identified in the Green Loan Principles published in March 2018 by APLMA. Based on a similar blueprint to the Green Bond Principles, the pillars seek to establish best practice across use of proceeds; project evaluation and selection; management of proceeds; and reporting.
Macquarie is the first financial institution globally, and the first Australian company, to issue a green loan under APLMA Green Loan Principles.
The loan saw strong demand from global financial institutions, with notable interest in Asia. The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch (HSBC) and ING Bank N.V. (ING) acted as Green Structuring Advisors on the transaction. HSBC coordinated the syndication of the Facility as a joint Bookrunner with ING and Bank of China Ltd.
Today’s issue demonstrates Macquarie’s continued leadership in green finance. In 2017 Macquarie acquired the UK’s Green Investment Bank (now Green Investment Group or GIG), further strengthening its own existing green finance activities. Macquarie has led more than £15 billion of investment in green infrastructure since 2010 and has supported the creation of 20GW of green energy capacity with a further 7GW in its pipeline. Macquarie is also the world’s number one global renewables adviser1.
GIG has developed a market-leading, proprietary Green Impact Assessment service which determines the green impact of assets, a key feature of the development of green bonds, loans and related products. By utilising the GIG green impact reporting methodology as the basis for future annual reporting on the loan facility, Macquarie will be positioned at the forefront of market practice on reporting, one of the Green Loan Principles’ four pillars.
Alex Harvey, Macquarie’s Chief Financial Officer said: “This transaction further demonstrates the leading global role Macquarie is playing in the growth of green finance and the development of new renewables capacity. The future utilisation of our Green Investment Group’s market-leading Green Impact Assessment approach is another example of the value delivered by our acquisition of GIG in 2017.”
Source: Macquarie Group
Construction begins on Australia’s largest wind farm
Construction has begun on the Stockyard Hill Wind Farm, which will see Western Victoria become home to Australia’s biggest wind farm generating enough electricity to power more than 340,000 households.
Premier Daniel Andrews and Minister for Energy Lily D’Ambrosio today visited the massive wind farm project near Beaufort to mark the start of construction.
The wind farm is being developed by Goldwind and will see 149 turbines provide 530 MW of clean energy to power homes across Victoria and beyond.
It will also provide a major boost for the local economy, delivering 300 jobs during construction and injecting more than $5 million into the local economy each year.
Projects such as Stockyard Hill have been made possible thanks to the Andrews Labor Government winding back the former Liberal Government’s anti-wind farm planning rules that almost killed off the clean energy sector and all the jobs it is creating across regional Victoria.
The Labor Government changes have seen the wind farm industry power ahead with projects underway or proposed at Lal Lal, Moorabool, Murra Warra, Bulgana and Golden Plains – the latter set to dwarf even Stockyard Hill.
Eight wind farms, worth $1.07 billion, have been built since the Labor Government was elected, creating more than 2300 construction jobs. Another nine new wind farms are under construction worth $3.2 billion.
This is in stark contrast with the former Liberal Government who shut down the industry with projects such as Stockyard Hill stuck in planning limbo despite getting initial planning approval in October 2010.
The Labor Government’s Victorian Renewable Energy Target of 25 per cent by 2020 and 40 per cent by 2025, is giving the renewable energy sector the confidence it needs to invest in new projects to deliver the jobs and prosperity that our state deserves, while also helping to put downward pressure on electricity prices.
Quotes attributable to Premier Daniel Andrews
“We’re backing Victoria’s booming renewables industry every step of the way. The Stockyard Hill project will not only deliver the clean energy we need but will help power new jobs in Western Victoria.”
“We’re putting Victoria at the forefront of renewable energy and supporting the thousands of jobs it’s creating.”
Quote attributable to Minister for Energy, Environment and Climate Change Lily D’Ambrosio
“The Stockyard Hill Wind Farm is another fantastic project that will boost supply and support even more jobs in the booming clean energy sector – all jobs that would be put at risk if Matthew Guy and the Coalition had their way.”
Source: Victorian Government
Goldwind celebrates the start of construction at Stockyard Hill Wind Farm
Today, key project partners joined Goldwind Australia at a Ground-Breaking Ceremony to mark the commencement of construction for the Stockyard Hill Wind Farm project.
Goldwind Australia’s Managing Director Mr John Titchen, said he was pleased to celebrate this significant milestone for the project.
“We’re pleased to host the Victorian Premier Daniel Andrews, Origin Energy’s Chief Executive Officer Frank Calabria, and many other key project construction partners and stakeholders, including representatives from the state and local government, financiers and our host landowners.
“Construction for the Stockyard Hill Wind Farm is now underway, and we look forward to continuing to work in partnership with our many stakeholders to construct Australia’s largest wind farm,” Mr Titchen said.
Origin Energy has underpinned the development of the project through a long-term power purchase agreement to buy all the power generated by the wind farm and the associated renewable energy certificates until 2030.
Origin Energy’s Chief Executive Officer Mr Frank Calabria said “Having been involved in the project’s development for many years, we’re delighted to see the Stockyard Hill Wind Farm move a step closer to reality and congratulate Goldwind on reaching this significant milestone.
We are very pleased to be buying all of the renewable power from Stockyard Hill, as adding low-cost renewable energy will continue to put downward pressure on wholesale electricity prices, and help deliver more affordable energy to Australian homes and businesses.”
The Stockyard Hill Wind Farm will comprise of 149 Goldwind advanced technology turbines with a total capacity of 530 megawatts (MW).
Goldwind Australia will provide Engineering, Procurement and Construction services to the project and the Warranty, Operations and Maintenance services once the project is operational. Goldwind Australia has appointed a joint venture between SNC-Lavalin and WBHO as the Balance of Plant contractor for the project.
The project is expected to create up to 300 jobs during construction peaks on site and employ up to 25 permanent maintenance staff once the wind farm is complete.
Once operational, Stockyard Hill Wind Farm will produce clean energy to power approximately 391,000 Victorian homes.
Flex Formation Subsurface Pumped Hydro
Quidnet Energy pioneered a novel form of pumped hydro that is widely deployable at very low cost called Flex Formation Subsurface Pumped Hydro. Leveraging mature oil & gas technology, wells are converted into energy storage facilities for large-scale renewables integration and grid management.
These facilities are:
Pumped hydro electricity storage without need for mountains, lakes, or pre-existing underground caverns.
Structural cost advantage, with lower per-MW installed costs than even gas peaking plants.
Key process equipment provided and serviced by mature suppliers from well-established industries.
5 - 30 MW modular configurations for flexible and precise deployment onto the grid.
HOW DOES IT WORK?
Water is pumped down the well to apply pressure to a body of rock, and in doing so, store energy in the compression of the rock.
When it is time to discharge back onto the grid, the compression in the rock is released, which pushes the water back up the well and through a turbine to generate electricity.
The entire system is built on conventional reservoir technology and with off-the-shelf water turbine-generator equipment. Facilities operate with closed-loop water systems, designed for conservation against evaporative loss, and regularly treated with disinfectants.
The energy-storing rock bodies are non-petroleum bearing and found abundantly throughout the world, intersecting with major electricity transmission and distribution hubs.
Quidnet Energy is a proprietary electricity storage solution provider, with a novel patented solution for subsurface energy storage. Simplicity of plant leads to a capex breakthrough that enables subsidy-free storage development that provides returns 2-3x higher than conventional power projects. Quidnet is rapidly scaling up to capture this multi-billion dollar storage opportunity in the US and abroad.
In 2015/16, the company completed its first facility in Texas, which successfully demonstrated the key performance characteristics for wide-scale deployment. Since then, the company has begun developing additional storage facilities that will rival the world’s largest lithium-ion installation, with the first one to be completed in 2018.
The core team has deep expertise in power and energy storage project development and finance as well as reservoir and facilities development.
More information available from http://www.quidnetenergy.com/
Sunraysia Solar Farm
Decmil reported that in December 2017, under an MOU, it had been appointed as preferred contractor to design and construct a 250MW solar PV project in Balranald, NSW (Sunraysia Project). Decmil continues to work with the developer of the Sunraysia Project, Maoneng Australia, and has progressed with negotiation of the EPC contract. Notice to proceed is however still subject to the developer achieving financial close on the project.
Tailem Bend Solar Farm
ESCOSA received an application for an electricity generation licence for Vena Energy’s 95 MW Tailem Bend Solar Farm in South Australia. Approval for the licence is sought by 1 November 2018 in order to finalise register with AEMO for be ready for scheduled first generation on 1 December 2018.
National Energy Guarantee update
The independent Energy Security Board has released a draft detailed design paper, Energy Security Board – Draft Detailed Design of the National Energy Guarantee: Consultation Paper, on the National Energy Guarantee.
The Commonwealth Government has prepared a draft detailed design document, National Energy Guarantee Draft Detailed Design - Commonwealth Elements, for consultation on the design elements that are its responsibility. These include the mechanics of setting and changing the emissions reduction target, the proposed design of the emissions-intensive trade-exposed activity exemption and the potential use of offsets.
Source: COAG Energy CouncilView PDF