Nebras Power Investment Management B.V. announces completion of 49% equity stake acquisition in Stockyard Hill Wind Farm in Australia
- Large-scale acquisition marks Nebras Power entry into Australian power market and further bolsters its impressive international energy portfolio
- Nebras Power Investment Management B.V. announces completion of 49% equity stake acquisition in Stockyard Hill Wind Farm in Australia
Nebras Power Investment Management B.V. ("NPIM"), a wholly owned affiliate of Nebras Power Q.P.S.C. ("Nebras") has successfully completed a transaction with Goldwind Stockyard Hill Wind Farm Limited, a wholly owned Hong Kong affiliate of Xinjiang Goldwind Science & Technology Co., Ltd ("Goldwind"), by acquiring a 49% equity stake in Stockyard Hill Wind Farm in Australia.
Located 35 km west of Ballarat in Victoria, Stockyard Hill Wind Farm will have 149 wind turbines with a combined capacity of 527 MW. The wind farm will be the biggest in the southern hemisphere, upon completion in early Q4, 2020.
This first transaction is consistent with Nebras's strategy to enhance its asset base through fully contracted projects and further marks the company's inaugural entry into the Australian power sector. Under this agreement, Nebras has secured a 49% stake; while Goldwind, through its Hong Kong affiliates, will retain a 51% equity stake in Stockyard Hill Wind Farm.
The transaction has been fully backed by Goldwind's as well as Nebras's senior management and Board of Directors and is deemed to be in the best interest of both companies and their respective shareholders.
Commenting on the agreement, Mr. Fahad Hamad Al-Mohannadi, Chairman of the Board of Nebras said: "The acquisition of a large equity stake in Stockyard Hill Wind Farm solidifies Nebras's foray into the Australian market, which we are pursuing as a major new growth market. In this respect, we are confident that this will be the first of several lucrative investments in Australia's power industry by Nebras."
Mr. Khalid Mohammed Jolo, Chief Executive Officer of Nebras stated: "The acquisition of Stockyard Hill Wind Farm serves as a landmark deal for Nebras to establish and further expand our presence in Australia and the Asia-Pacific marketplace. Additionally, this deal aligns and bolsters Nebras's strategic growth objective of becoming a leading international power company."
Commenting on the transaction, Mr. Faisal Al Siddiqi, Chief Business Development Officer of Nebras said: "With the Stockyard Hill Wind Farm, we are entering our next chapter. For this reason, we will aim to develop and diversify the Australian asset portfolio with other renewable energy technologies and gas-to-power projects. In the years ahead, we look forward to jointly positioning this wind farm as a flagship project in Nebras's global energy portfolio."
Source: Nebras Power
Offshore clean energy infrastructure - proposed framework
The Australian Government is developing a regulatory framework to enable the exploration, construction, operation and decommissioning of offshore wind and other clean energy technologies and associated infrastructure in Commonwealth waters (beyond three nautical miles from the coast).
Proposal for comment
We have developed a discussion paper and process map outlining the proposed regulatory framework. The proposal brings together the Australian Government's experience in regulation of other sectors with best practice for offshore energy regulation overseas.
Please provide your feedback on the proposal by 28 February 2020 to email@example.com. Submissions will not be published.
Information sessions will be held on 10 February in Perth and 20 February in Melbourne. Sessions will start at 10:30 am and run for approximately two hours. These sessions will take a seminar format with opportunity for Q&A.
Email firstname.lastname@example.org to register your interest. Space is limited and entry may be limited to registered attendees.
The discussion paper can be downloaded here: https://consult.industry.gov.au/offshore-exploration/offshore-clean-energy-infrastructure/
Closes 28 Feb 2020
Opened 3 Jan 2020
+61 (0)2 6275 9688
Source: Dept of Industry, Innovation & Science
New England Solar Farm
The NSW Department of Planning, Industry and Environment has now completed its whole-of-government assessment of the proposed New England Solar Farm and referred it to the Independent Planning Commission NSW for determination. A public meeting will be held in Uralla, NSW on Tuesday 11 February 2020 to listen to the community’s views about this matter before a final decision is made.
UPC Renewables Australia Pty Ltd (UPC) proposes to develop the solar farm located approximately 6km east of Uralla and 8km south of Armidale, in the Uralla Shire local government area. It would have a generating capacity of approximately 720 MW and 200 MW/400 MW-hour (MWh) of battery storage.
The solar farm would consist of two solar array areas, being the northern and central array areas, connected by above and/or below ground cabling and an internal access road. The northern and central array areas would have generating capacities of about 500 MW and 220 MW, respectively. The solar farm would connect to TransGrid’s existing 330 kilovolt transmission line that transects the development site.
Source: NSW Department of Planning, Industry and Environment
Australia and Japan make agreement on shared hydrogen future
Using hydrogen as a clean, affordable and sustainable source of energy is another step closer after the Australian government signed a joint statement of cooperation with Japan last week.
Hydrogen is becoming an increasingly important part of Australia’s evolving energy mix, and we’ve reported previously on the domestic and foreign opportunities inherent with such a flexible energy product. The Australian and Japanese governments also see this potential because, as long term trade and strategic partners, they have just made a commitment to cooperate on the deployment of hydrogen as a clean, secure, affordable and sustainable source of energy.
Last week in Melbourne, Minister for Resources and Northern Australia, Matt Canavan, and Japan’s Minister of Economy, Trade and Industry, Hiroshi Kajiyama, signed the Joint Statement on Cooperation on Hydrogen and Fuel Cells during the Australia-Japan Ministerial Economic Dialogue.
Minister Canavan said Australia and Japan are well placed to maximise the opportunities presented by hydrogen, based on a long history of successful energy and resource trade.
“Australia is building a hydrogen production base to foster domestic growth and meet future export demand in Japan and the region. The opportunities are great. Scenarios developed for the National Hydrogen Strategy indicate an Australian hydrogen industry could generate about 8,000 jobs and about $11 billion a year in GDP by 2050,” Minister Canavan said.
“Australia and Japan recognise that hydrogen is a key contributor to reducing emissions, especially when produced from renewable energy or fossil fuels combined with Carbon Capture, Utilisation and Storage (CCUS).”
Minister for Trade, Tourism and Investment Simon Birmingham added that the statement of cooperation on hydrogen reaffirms Australia’s strong and long-standing trade partnership with Japan and increases Australia’s potential as a major global exporter of hydrogen.
According to the government, Australia and Japan will continue to cooperate on the Hydrogen Energy Supply Chain (HESC) project in Victoria, which is making progress towards establishing the world’s first international liquid hydrogen supply chain, as well as shaping global hydrogen market regulations.
Australia’s National Hydrogen Strategy, released in November 2019, is available to access at industry.gov.au/hydrogen
It’s certainly an exciting time for the hydrogen industry in Australia, and this global commitment between the two countries is further evidence that hydrogen is likely to create a number of supply and development opportunities in our sector for some time to come.
Summerfield Power Station
Capacity: 422 MW
Developer: SAPGen Pty Ltd
Location: Tepko, SA
LGA: Mid-Murray Council
Expected cost: $650mil
Description: The development comprises a hybrid power generation facility comprising 380MW natural gas combined gas turbines; 12MW solar farm; 30MW Battery Energy Storage Facility; switchyard; ancillary facilities; associated earthworks and temporary construction facilities. The proposed 12MW solar farm will occupy an area of 12 hectares within the north eastern portion of the power station site and utilise a single axis tracking system with ~40,000 solar panels will be required.
Contact: Ben Lee
DP Energy’s Port Augusta hybrid wind and solar project moves into build phase
- DP Energy partners with Spanish renewable energy giant Iberdrola on Pt Augusta project
- Construction to commence in 2020, creating regional jobs and more power from SA
- DP Energy has more Australian renewable energy projects in its pipeline
Port Augusta hybrid wind and solar project in South Australia (SA), developed by international renewable energy developer DP Energy moves toward construction with global renewable energy giant Iberdrola. Construction on the ground-breaking project is to commence in 2020.
With a history of more than 170 years, today Iberdrola is a global energy leader, a leader in wind power and one of the world's biggest electricity utilities by market capitalisation. The group supplies energy to more than 100 million people across the world.
The Port Augusta Renewable Energy Park (PAREP) is one of the new breed of renewable projects designed to provide predictable power more uniformly across the day and when complete will be one of the southern hemisphere’s largest hybrid renewable power stations.
The hybrid nature of the project capitalises on the very strong South Australian solar resource as well as the location of the site at the head of the Spencer Gulf where the thermal winds resulting from the temperature differences between land and sea increases throughout the day; with wind energy production peaking in the early evening when demand is greatest. When combined with the mid-day solar generation this results in a generation output better matched to the SA electricity demand profile when compared to a weather system driven wind or solar only project.
Established more than 20 years ago, DP Energy has successfully delivered 13 renewable energy projects totalling 400MW in various jurisdictions with a further pipeline of projects totalling more than 2000MW under development across Australia, Canada, Ireland and the UK. These projects variously incorporate both on and off-shore wind, solar and tidal energy technologies, with PAREP selected as the first hybrid renewable facility. PAREP also represents DP Energy’s first renewable energy project in Australia.
DP Energy CEO Simon De Pietro welcomed Iberdrola’s participation in the project. “We are delighted to have partnered with Iberdrola on this project. The company is a global energy leader with a track record of 31GW of renewable capacity amongst other activities. It’s exciting that they’ve chosen PAREP for their first investment in Australia and we are enthusiastic to see the project commence construction. DP Energy will continue to work with stakeholders and the local community and support Iberdrola through construction and commissioning,” Mr De Pietro said. “We have a strong pipeline of activity and we look forward to progressing these projects by utilising Australia’s world-class wind and solar assets, as we’ve done in Port Augusta.”
Iberdrola’s Country Manager Fernando Santamaria said collaborating with the DP Energy team and securing Iberdrola’s first project in Australia was an important milestone. “A 320MW hybrid wind and solar project is of great significance to our team and we look forward to working with local communities in South Australia throughout the lifetime of the project,” Mr Santamaria said.
South Australian Minister for Trade and Investment, David Ridgway, has welcomed a $500 million investment by Iberdrola into DP Energy’s solar and wind farm project in Port Augusta – one of many projects in the pipeline arising from the government’s focus on renewable energy and delivering jobs and investment into regional South Australia.
“South Australia’s reputation as Australia’s leader in renewable energy investment and our credentials of producing 52 per cent of our energy capacity from renewable sources, is helping to attract further investment into our state, creating jobs for our communities,” Minister Ridgway said.
South Australian Minister for Energy and Mining, Dan van Holst Pellekaan, said Iberdrola’s investment was an endorsement of Port Augusta’s renewable energy credentials. “Iberdrola is a world leader in wind energy and will use DP Energy’s Port Augusta solar and wind farm project to make its debut in the Australian market, creating up to 200 regional construction jobs and upon completion, providing around 320 megawatts of power from South Australia,” Minister van Holst Pellekaan said.
DP Energy Australia Director and Country Manager Catherine Way said they were encouraged by the strong support for the project from the Port Augusta community and the South Australian Government. “Since the closure of the coal fired power station at Port Augusta the city has become a hub for innovative renewable energy projects due to the areas unique natural strengths, and PAREP is set to be an important part of that future energy mix and the landscape of the region,” Ms Way said. “More broadly, Australia has incredible natural renewable energy assets across the country, which will allow DP Energy to develop other projects in Australia.”
Once complete, the Port Augusta Renewable Energy Park is projected to produce approximately 900 gigawatt hours (GWh) per annum, enough to power around 180,000 households each year, with an emissions saving of approximately 400,000 metric tonnes of CO2 annually.
Source: DP Energy
Wollar Solar Farm
Wollar Solar Development is seeking to vary the scope of its proposed Wollar Solar Farm in NSW following public exhibition and receipt of public, organisation and agency submissions. The following changes to the project description apply; proposed energy generation reduced from 400 MW to 290 MW, the development footprint increased from 315 ha to 463 ha, the number of solar panels reduced from 1,000,000 to 922,432.
Denham to demonstrate hydrogen power
The coastal town of Denham may host a hydrogen demonstration project as part of a new energy solution planned for the town.
The existing power supply in Denham is a combination of a Horizon Power owned and operated diesel facility, and a Synergy wind farm. Both assets are aging and in need of replacement.
Denham has a population of about 500 people, and Horizon Power is preparing to build a new power solution with solar, wind and diesel to power the town.
Denham is the gateway to the Shark Bay World Heritage Area and approximately 100 kilometres from Carnarvon and 10 hours from Perth.
Horizon Power is supporting the State Government’s Renewable Hydrogen Strategy by investigating the possibility of demonstrating the use of hydrogen as a future source of energy for the town.
“As part of our commitment to deliver cleaner, greener energy to our regional customers, we want to investigate the potential to develop a hydrogen demonstration plant to test the suitability and capability of hydrogen as a renewable energy source for electricity generation in the future,” Horizon Power Chief Executive Officer Stephanie Unwin said yesterday.
“Proving the reliability of such a hydrogen plant provides the opportunity to expand the plant to supply the full power requirements for the town in the future.”
A solar farm will generate electricity which will power an electrolyser. The electrolyser splits water into hydrogen and oxygen, with the hydrogen to be stored in a fuel cell. The fuel cell generates electricity for Denham customers.
The benefit of this “green hydrogen to electricity” supply chain is that the storage of the hydrogen ensures the availability of power 24/7. By comparison, the electricity output from a conventional solar farm is dependent on the sun shining.
Horizon Power has sought expressions of interest for the supply of the hydrogen electrolyser and fuel cell and to design and construct of the plant. If the project is determined to be viable, construction would begin in February 2021.
Source: Horizon Power
Hills of Gold Wind Farm
The federal Department of the Environment & Energy has declared Wind Energy Partners’ proposed 410 MW Hills of Gold Wind Farm, near Nundle in northern NSW, a controlled action. The project will require assessment and approval under the EPBC Act before it can proceed. The relevant controlling provisions are listed threatened species and communities (sections 18 & 18A) and listed migratory species (sections 20 & 20A). The project will be assessed by an accredited assessment process under the NSW Environmental Planning and Assessment Act 1979.
Consultation on electricity retail licence application
The Economic Regulation Authority is seeking public comment on Future Grid Energy Pty Ltd‘s (trading as FutureGrid Energy) application for an electricity retail licence to supply electricity to small and large-use business customers within the South West Interconnected System.
FutureGrid Energy has applied for an electricity retail licence to service contestable business energy users within the SWIS through bespoke electricity solutions, including:
- the purchase of electricity generated by large scale renewable energy power stations incorporating energy storage technologies to then be sold onto the WEM (Wholesale Electricity Market);
- the purchase of electricity generated by customers who own and operate small scale, behind-the-meter power plants, to then be sold onto the WEM;
- the export of electricity from the WEM as required by our customers; and
- assistance with managing the electricity consumption profiles of customers to align with the supply and demand factors affecting the WEM.
FutureGrid will utilise infrastructure owned and operated by Western Power, and FutureGrid’s suppliers and customers. FutureGrid does not intend to build, own, or operate its own infrastructure at this stage. Were this to change, FutureGrid will engage the ERA to support the acquisition of the relevant licences.
Source: WA Economic Regulation Authority
Masdar acquires 40% stake in Australian waste-to-energy facility
- Masdar and Tribe Infrastructure Group sign joint venture agreement at ADSW to invest in the waste-to-energy project
- Financial close has been achieved for the East Rockingham Resource Recovery Facility, located on the outskirts of Perth, Western Australia
- Construction will take nearly three years and the plant is expected to begin operations in late 2022
Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has made its first investment in Australia after acquiring a 40 per cent stake in the country’s second utility-scale waste-to-energy (WTE) facility, the company announced today at Abu Dhabi Sustainability Week (ADSW) 2020.
Under the terms of the investment, Masdar and leading Abu Dhabi advisory and development firm Tribe Infrastructure Group have invested in the waste-to-energy project via their Abu Dhabi Global Market-based joint venture holding company, Masdar Tribe Energy Holdings Limited.
Niall Hannigan, Chief Financial Officer of Masdar, and Peter McCreanor, Chief Executive Officer of Tribe Infrastructure Group, signed the joint venture holding company agreement today at ADSW, one of the world’s biggest sustainability gatherings being held in the capital this week.
Financial close on the A$511 million greenfield East Rockingham Resource Recovery Facility, which will be located in the Rockingham Industry Zone, 40km south of Perth in Western Australia, was achieved on December 23, 2019, and construction has already started.
When completed, the East Rockingham Resource Recovery Facility will process 300,000 tonnes per year of non-recyclable municipal, commercial and industrial waste and up to 30,000 tonnes of biosolids per year.
The facility will also recover approximately 70,000 TPA of bottom ash, which will be processed for use in road bases and other construction materials. The WTE facility will generate 29 megawatts (MW) of baseload renewable energy, enough to power more than 36,000 homes, and displace more than 300,000 tonnes of CO2 emissions per year.
Equity investors in the project also include UK company John Laing Investments, alongside Acciona Concesiones and Hitachi Zosen INOVA (HZI).
Financing of the project was supported by an A$18 million grant from the Australian Renewable Energy Agency (ARENA) and A$57.5 million in subordinated debt from the Australian government’s Clean Energy Finance Corporation (CEFC).
“Extending our reach into Australia is an exciting step forward for Masdar’s clean energy operations and our efforts to expand the company’s global renewable energy portfolio, which now encompasses more than 30 countries,” said Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar.
He added: “The Australian waste-to-energy sector provides excellent commercial potential in the long-term,” Al Ramahi added. “The problem of dealing with everyday waste is a global challenge, with more than 2 billion tonnes of municipal solid waste generated each year. To this end, we are proud to be helping the state of Western Australia to deliver clean sources of power generation and sustainably manage its municipal solid waste. Masdar would like to thank Austrade, the Embassy of Australia in the UAE, CEFC and ARENA for their assistance in making this investment possible.”
McCreanor said: “We are delighted to announce our long-term partnership with Masdar and look forward to delivering outstanding clean energy infrastructure solutions that make sound economic sense in the communities in which we operate. This is just the first of numerous such development projects we’re working on, and our partnership with Masdar is an integral part of our strategy for Australia.
“We are proud to have played a leading role in the development and financing of the East Rockingham RRF, assembling a world-class team to deliver this important project for Western Australia. We acknowledge all our project partners, particularly Australian Federal Government agencies ARENA and CEFC for their support and commitment in enabling this complex project to reach financial close.”
Under the EPC contract, Acciona will deliver the project in partnership with HZI. Construction is expected to take 35 months and the facility is slated to begin operations by the end of 2022. SUEZ will lead the operations and maintenance of the facility under a 20-year operations and maintenance contract in partnership with HZI.
The East Rockingham Resource Recovery Facility is the second waste-to-energy project that Masdar is involved in. In 2017, Masdar and Bee’ah, the UAE’s leading environmental management company, announced a pioneering joint venture to develop the Sharjah Waste-to-Energy Facility, which will divert more than 300,000 tonnes of municipal waste away from landfill sites each year when it begins operations in 2021.
MPower commences work on two new solar farms
- Limited Notices to Complete secured
- Work commences on two new 5MW solar farms
- MPower’s credentials as a leading renewable energy and power systems business reinforced
MPower, Australia’s leading specialist renewable energy, battery storage and microgrid business, has started the new calendar year on a positive note, with the commencement of early works on two new solar farm projects with a generation capacity of approximately 5MW each. This follows the successful commissioning of two 5MW solar farms in 2019 at Mannum and Port Pirie in South Australia.
MPower has secured Limited Notices to Proceed in respect of two new solar farms being developed by Astronergy Solar Australia Pty Ltd in South Australia. At approximately 5MW each, the solar farms align with MPower’s new strategy of targeting this specific project size due in part to their relative ease in connection to the grid.
The Limited Notices to Proceed include preliminary designs and associated activities to an initial value of $0.5 million in relation to the solar farm projects. MPower and Astronergy will now work towards executing full Engineering, Procurement and Construction contracts for the projects which are estimated to have a combined contract value to MPower of between $8 million to $9 million.
The contracts would, upon execution, result in a further strengthening of MPower’s order book and reinforce MPower’s credentials as a leading renewable energy and power systems business.
MPower’s Chief Executive Officer Nathan Wise commented: “We are incredibly excited to work with blue chip company like Astronergy on these new solar farm projects which will incorporate the latest technologies. A key focus for MPower has been to build strong relationships with asset owners who prioritise power system reliability and understand the value of a well delivered project.”
“MPower has developed an enviable capability in the successful delivery of 5MW solar farms and continues to strengthen its order book in the growing renewable energy sector.”
Source: MPowerView PDF