Green energy plant components landed in Cairns
Key components for MSF Sugar’s $75 million green energy plant have landed in Cairns en-route to their final destination at the Tableland Mill.
Among the shipload of 276 individual items is the steam turbine and generator package for the power plant, which at $18 million is the largest single investment item for the cornerstone project.
The HR Endeavour docked into Cairns on November 5 and took several days to unload, with the operation finishing today.
Power plant project manager Mark Magnanini said the items would now be road transported to the construction site across two to three weeks.
“The bulk of the shipment will use normal road freight transport and the logistics will be handled by the principal contractor for the project, ThyssenKrupp,” he said.
“The process will have minimal impact on road users as components will be transported outside of peak times.”
Mr Magnanini said the arrival of the components was a significant project milestone.
“With the major civil works completed, our attention now turns to construction of the plant using the high-precision, custom-manufactured components that have arrived and others that are on the way,” he said.
“It is exciting to see the plant taking shape. This is the first stage of our green energy pipeline and heralds a new era for the far north Queensland sugar industry.”
Ports North chairman Russell Beer said this latest project out of the Port of Cairns reaffirmed its importance as a major cargo hub for far North Queensland.
“Ports North has secured major contracts throughout 2017 by promoting and building the port’s capabilities, with new facilities such as the windfarm component lay down area,” he said.
Panalpina World Transport project development manager Andrew Chatto said 800,000kg, or 800 metric tonnes, of cargo had been discharged from the ship.
“This is a significant project. There are multiple people involved and multiple contractors involved – most of them local – so it’s a fantastic opportunity for the region,” he said.
Construction of the new green energy power plant started in May this year at the Arriga site, west of Cairns, and is on track to be completed by July 2018.
Once operational, the power plant will use a 100 per cent renewable sugarcane fibre, known as bagasse, to produce 24 megawatts of electricity – enough to power every house in the Tableland region.
•276 high-precision, custom-manufactured components were shipped on the vessel HR Endeavour from Mumbai and Chennai in India to Cairns, arriving into the port on Sunday 5 November
•The cargo, which weighed a total of 800,000 kilograms or 800 metric tonnes, was discharged from the vessel over three consecutive days
•The components will be transported by road to MSF Sugar’s Tableland Mill over a three week period, with approximately five loads transported per day (75-80 loads in total)
Source: Industry Queensland
Link to AltEnergy project database: Tableland Sugar Mill Power Station
Sunshine State shining brightly for renewable energy as election nears
The Queensland Government’s election pledge for new renewable energy and energy storage funding on the weekend will further build on its strong record of encouraging clean energy jobs and investment in the state, Australia’s renewable energy industry said today.
Clean Energy Council Chief Executive Kane Thornton said the renewable energy and storage industry had invested strongly in Queensland over the last few years, and a large part of that is due to the supportive environment which has been created for business.
“Queensland has led the nation in rooftop solar panels for years, and the many big wind and solar projects which are underway across the state are employing thousands of locals and generating economic opportunities in regional parts of the state,” Mr Thornton said.
“Along with the state’s strong renewable energy target of 50 per cent by 2030, the new pledge of $50 million for a solar thermal power plant and almost $100 million for solar panels in schools will help to accelerate a 21st century energy system for the sunshine state. Funding to help remote communities decarbonise is also very welcome, along with investigating the feasibility of a battery mega-factory in North Queensland.
“Renewable energy is now the cheapest and cleanest option for new energy generation and, when combined with energy storage, it can do everything fossil fuels can – except much more flexibly and without the pollution,” he said.
Mr Thornton welcomed the Liberal National Party’s renewable energy election commitments to date, but said the idea of building a new coal plant in North Queensland simply doesn’t make sense.
“Renewable energy with storage is now cheaper than new coal, and the reality is that any new coal plant will take at least seven years to be built if everything goes smoothly. However, there are some good ideas in the LNP’s energy policy to streamline approvals for renewable energy projects and introduce more efficient regulation,” he said.
“We have to get smarter to deal with power bills, and that means more renewable energy, more flexible energy storage, better demand response and other enabling technology that can help us use our energy more efficiently when it is most needed.”
Source: Clean Energy Council
A head of steam on geothermal power station expansion
It’s full steam ahead for the expansion of the Ngawha geothermal power station following major transaction approval from the Top Energy Consumer Trust and Top Energy Board.
Top Energy Chief Executive Russell Shaw says this was the final hurdle the company had to pass to commit to a construction programme to expand the station to 53MW by June 2021.
Bank funding has been secured for an estimated total project cost of $175million. The company is keen to retain local ownership by using bank funding. While constraining the company’s capital expenditure in the short term the investment will ensure benefits from this project are retained for the people of the Far North.
Mr Shaw says with the major transaction approvals, Ngawha Generation Ltd can get the construction programme fully underway.
Initial tenders for civil works have been awarded with some construction activity already underway on the Ngawha site; well drilling will start in early 2018.
Mr Shaw says by September 2018 the company will confirm whether there is a viable geothermal resource to support the expansion.
Once this is clear, he says, “we expect to finalise the contracts for the transmission connection, the supply of the station and the fluid conveyance system, to be on target for a 2021 commissioning”.
Mr Shaw says it has been a long and convoluted road to get to a point where the company is confident the project will be able to proceed.
Resource consents for a period of 35 years granted in July 2017 provide the certainty to support the major investment required.
Mr Shaw describes the expansion of the geothermal power station as one of the most significant projects to be undertaken in the Far North, which could ultimately secure the region’s energy independence.
Source: Top Energy
RCR preferred contractor for the Clermont and Wemen Solar Farm projects with combined value 0f $260m
Diversified engineering and infrastructure company, RCR Tomlinson Ltd (ASX: RCR), is pleased to announce that it has been selected as the Preferred EPC Contractor for two major contracts, totalling approximately $260 million for the Engineering, Procurement and Construction (“EPC”) and Operation and Maintenance (“O&M”) for the 75MWac Clermont Solar Farm and the 88MWac Wemen Solar Farm, being developed by International renewable energy company, Wirsol Energy Ltd (part of the WIRCON Group).
The EPC and O&M Contracts for these two solar farms are currently being negotiated and are subject to financial close, which is expected to be completed on or about 24 November 2017.
Subject to final contracts, RCR’s scope of work will include engineering, procurement, construction and commissioning of the Solar Farms. Once commissioned, RCR will provide O&M services for an initial period of 2 years, with various option terms for up to a further 13 years.
The Clermont Solar Farm is located in Rockhampton, Northern Queensland and the Wemen Solar Farm is located in Wemen, Victoria.
RCR Managing Director & CEO, Dr Paul Dalgleish said “We are very pleased to continue our strong relationship with Wirsol to deliver these two large-scale solar energy projects. We are now supporting Wirsol in the development of over 200MWac of renewable energy solar projects.
Wirsol are a leading project developer of sustainable energy projects in the UK, Netherlands, Spain, France, and Germany, and the largest developer of Solar projects in Australia.
We continue to see significant opportunities in the rapidly evolving renewable energy sector.
I am also delighted with the continued growth in our order book in FY18 and we remain preferred on a number of additional renewable energy projects that will support our growth in FY18 and into FY19”, said Dr Dalgleish.
Source: RCR Tomlinson
Solar thermal for Queensland
(Excerpt from Queensland Labor Party’s renewable energy policy)
As part of our commitment to deliver at least 1,000MW of new renewable generation we will also commit up to $50 million in capital funding towards the development of a concentrated solar thermal plant with storage, providing clean baseload power for Queensland.
Solar thermal power generation allows heat from the sun to be stored until it is needed to generate and supply power to the grid, including evening and morning peaks when the sun might not be shining, or the wind blowing.
Importantly, a new solar thermal power plant will mean manufacturing and operational jobs in the regions. It also means that Queensland will be able to start running on solar power even at night – truly turning the Sunshine State into the Solar State.
Link to Queensland Labor Party’s full renewable energy policy here.
Source: Queensland Labor Party
CETO 6 design update
• More powerful CETO 6 design release
• US Patent granted for new design
• New CETO 6 design to be deployed first at Albany Wave Energy Project
Carnegie Clean Energy Limited (ASX:CCE) is pleased to provide an update on the latest design developments to its commercial prototype, the CETO 6 unit. CETO 6 is the most advanced wave energy device globally. It builds on Carnegie’s decade long development of CETO, and over the past two years, incorporates internal and external collaboration as well as significant time and resource investment to make a step change in performance.
The CETO 6 design builds on intellectual property first lodged by Carnegie in 2013 incorporating onboard power generation and multiple moorings and power take off (PTO) modules. The associated US patent, granted on the 6th of November, 2017, confirms the additional features as state of the art.
These features boost power production and unit efficiency however also introduce additional complexity. Carnegie took a conservative development path to progressively introduce these features through its CETO 5 generation and only now with CETO 6, will these features be incorporated for the first time.
The new CETO 6 unit will have a nominal capacity of 1.5MW up from 1MW for the previous design. This capacity will vary in accordance with the specific site conditions for each project and the specific design tailored for a project site. The increase in energy production over the previous single moored CETO 6 unit design results in a more cost competitive unit able to compete with other mainstream renewable technologies, once it is manufactured in high volumes and incorporated in large projects.
Link to full announcement here.
Source: Carnegie Clean Energy
CEFC finances new milestone in energy storage in a South Australia energy project
Australia's energy storage transition is on track to meet an important new milestone, with the CEFC announcing finance that includes the first unsubsidised large-scale grid-connected battery, alongside a greenfield wind development.
The CEFC has committed $150 million in debt finance to stage one of the Lincoln Gap wind farm, in South Australia's Port Augusta region. The CEFC financing facility includes finance towards a 10MW battery energy storage system, capable of producing up to 10MWh of fast response storage capacity.
The 212MW Lincoln Gap project, being developed by Nexif Energy Australia, will produce enough electricity to power around 155,000 homes. Stage One of the project is a $300 million, 126MW development.
"This project demonstrates how we can move to the next phase of the clean energy transition, delivering a cleaner, reliable and affordable energy supply, by incorporating the latest technology at the greenfield development stage to create a stronger, more integrated grid," CEFC wind sector lead Andrew Gardner said.
"Large-scale battery technology is developing rapidly, and we expect costs to fall significantly, as we have seen with wind and solar. This is the first development project in Australia which has been able to secure debt finance for a grid-connected large-scale battery component on a non-subsidised basis. It provides an important financing model for other developers and investors wanting to be at the forefront of closer integration of renewables into the grid."
Bloomberg New Energy Finance (BNEF) forecasts Australia will have more than 29,000MW of flexible capacity installed by 2040, including both large-scale and small-scale batteries and demand response capability. This growth will support better management of variable generation as lower cost renewables become an increasingly important part of the electricity mix.
The 10MW Lincoln Gap battery will complement other large-scale battery projects in South Australia, including the 30MW battery being built by ElectraNet on the York Peninsula and the 100MW Tesla battery being built by Neoen near Jamestown. Together, these projects will provide a significant amount of frequency response services to the South Australian grid.
The Lincoln Gap project is expected to be operational from mid-2018. It has secured two long term Large Scale Generation Certificate (LGC) agreements with ERM Power and a long-term electricity offtake agreement with Snowy Hydro. It will feed into the national electricity grid via the Electranet transmission network.
Zeki Akbas from Nexif Energy Australia said construction of the wind farm, 15 kilometres west of the Spencer Gulf town of Port Augusta, was expected to begin by the end of November.
"Nexif Energy has worked meticulously to develop a highly productive, innovative and practical renewable power model which is attractive to investors because of the real and sustainable benefits it will bring customers and communities," Mr Akbas said.
"We are pleased to include grid-scale battery storage as an essential part of the wind farm investment and were happy to receive strong support and encouragement from the CEFC as our investment partner. With the scalable battery storage at Lincoln Gap we will be able to offer more flexibility to the national grid and improve the reliability of the system."
The project will feature the first turbines from Senvion's flagship 3.XM range to be installed in Australia. The Senvion 3.6M140 EBC turbine is designed for moderate and strong wind speeds to enable optimised load management even in challenging wind conditions.
Senvion Australia CEO and Managing Director Raymond Gilfedder said: "This is a significant milestone for Senvion and we are very excited about introducing the Senvion 3.6M140 turbine to Australia. This technology is very well suited to the Australian market, and will ensure that the wind farm will continue to be a high performing asset for the coming decades."
ERM Power Managing Director and CEO Jon Stretch said: "Reducing emissions from the electricity sector is an important part of a long-term plan to reduce greenhouse gas emissions, and ERM Power is committed to supporting the growth of renewable sources of energy in Australia. As well as supporting new sources of renewable energy, ERM Power champions the use of smart energy solutions which help customers reduce their consumption and enhance their sustainability goals."
Paul Broad, CEO of Snowy Hydro, said the company was pleased to support the development of the Lincoln Gap Wind Farm through signing a long-term electricity offtake agreement.
"This agreement expands Snowy Hydro's energy footprint in South Australia, now encompassing wind, solar and diesel peaking capabilities in the State," Mr Broad said.
The CEFC's South Australian investment follows its recent $94 million investment in Australia's first fully integrated wind, solar and battery project, at the Queensland Kennedy Energy Park.
Mr Gardner added: "Australia's energy mix requires higher levels of clean energy if we are to meet our Paris emissions reduction commitments. Harnessing flexible capacity, better demand management systems and increased storage capacity in renewable energy projects such as Lincoln Gap and Kennedy are an important contributor to building a stronger, more secure electricity system.
"We expect investors will be increasingly attracted to such large-scale hybrid renewable energy projects as the next wave of investment and technological innovation. By financing these integrated generation and storage projects, the CEFC is demonstrating how Australia can continue to increase our renewable energy capacity, while providing the important ancillary benefits necessary for grid stability and security."
Nexif Energy achieves financial close on first stage of the 212MW Lincoln Gap Wind Farm in Australia
Nexif Energy, an independent power producer in Australia and Southeast Asia, has announced that it has reached financial close for the first stage of the Lincoln Gap Wind Farm in Australia.
Located near Port Augusta in South Australia, the Lincoln Gap Wind Farm project’s 126 megawatts (MW) first stage involves the construction and operation of 36 wind turbines, supported by innovative offtake contracts with Snowy Hydro and ERM Power. The full project, a 59-wind turbine farm, will produce 212MW, which is enough electricity to power approximately 155,000 homes. The project will feed into the State’s electricity grid via the ElectraNet transmission network.
The project also includes installation of a utility scale battery system of 10MW, with potential expansion capability to utilize battery technology advancements. This will be one of Australia’s largest private sector-initiated and owned grid battery systems not underwritten by a government contract or funded by government grants.
“As a new, independent participant to the Australian market, we are excited to implement an innovative contracting strategy that will not only provide renewable power to thousands of Australian homes but also optimise the use of grid-scale battery storage on a commercial basis,” said Matthew Bartley, a Founder and Co-Chief Executive Officer of Nexif Energy. “We value the support of all project stakeholders who have worked with us along the way to achieve this important milestone.”
Lincoln Gap will be constructed under the terms of a turnkey contract with Senvion Australia and is expected to begin operation in Q1 2019. The Clean Energy Finance Corporation (CEFC) will act as financier, lending up to A$150M (US$115M) for construction of the first stage of the wind farm and Investec has provided facilities totalling A$39M (US$30M) for working capital and letters of credit.
“We are committed to becoming a leading regional independent power generation company and are striving to achieve this by briskly executing on our active projects in Australia, Vietnam and other markets such as Thailand, Bangladesh and the Philippines,” added Surender Singh, a Founder and Co-Chief Executive Officer of Nexif Energy. “We are also seeking additional large-scale investment opportunities in Asia-Pacific as we continue to look toward the future.”
Nexif Energy was formed in 2015 by independent power management company Nexif and global private equity firm Denham Capital. Nexif Energy’s equity commitment for Lincoln Gap represents its largest investment to date.
“This is another landmark project for Nexif Energy and builds upon prior Denham investments in Australia. We are excited to continue expanding Denham’s international power investment footprint across the Australian and Southeast Asian markets with the Nexif Energy platform,” said Denham Capital Director Saurabh Anand. “The region presents significant growth opportunities and we look forward to investing in more projects in the near future alongside Surender, Matthew and their team.”
Source: Nexif Energy
Senvion issued notice to deliver 126 MW in South Australia
Senvion, a leading global manufacturer of wind turbines, has been issued notice to proceed under a contract to install the first 35 turbines of the 59-turbine Lincoln Gap wind farm in South Australia.
The Lincoln Gap wind farm will feature the Senvion 3.6M140 EBC turbine, which will be the first from Senvion’s three-megawatt range to be installed in Australia. Senvion first announced it had a conditional contract in place to deliver over 300 megawatts (MW) of wind energy for Nexif Energy for the Lincoln Gap wind farm in South Australia and the Glen Innes wind farm in New South Wales in February 2017.
Raymond Gilfedder, CEO and Managing Director of Senvion Australia said: “This effective contract for the installation of the first 35 turbines at the Lincoln Gap wind farm is a significant milestone for Senvion. It also marks the introduction of the Senvion 3.6M140 turbine to Australia. This technology is very well suited to the Australian market, and will ensure that the wind farm will continue to be a high performing asset for the coming decades.”
The Senvion 3.6M140 EBC turbine is one of Senvion´s biggest onshore turbines designed for moderate and strong wind speeds. The new turbine is equipped with the innovative load-reducing pitch control system Eco Blade Control (EBC) technology enabling optimized load management even in challenging wind conditions. The 3.6M140 EBC also features a newly designed steel tower and a larger rotor diameter of 140 meters, which generates high yields even at lower wind speeds. The rotor blades feature the new Rodpack technology ensuring a lighter blade design. The first prototype installation of the 3.6M140 EBC was completed in Husum, Germany, in September this year.
The Lincoln Gap wind farm is located near Port Augusta, South Australia. The first 35 turbines installed will deliver 126 megawatts of clean, renewable energy to Australian consumers. This stage of the project will be operational by the third quarter of 2018. Work is already well advanced on the early works for the remaining 24 turbines comprising the second phase of the Lincoln Gap development. When complete, the Lincoln Gap wind farm will produce enough energy to power 155,000 households in South Australia. The Clean Energy Finance Corporation is the financier for the project, and Nexif Energy is providing the equity. Senvion worked closely with Nexif Energy to support achievement of financial close.
Srinivas Rao, Executive Vice President Projects and Operations of Nexif Energy said: “We are pleased to be working with Senvion on our first wind project in Australia and we appreciate the support of Senvion in the development of local industry and community engagement strategies.”
Zeki Akbas, CEO of Nexif Energy’s Australian business said: “Senvion has been a valuable partner in the progression of the Lincoln Gap wind farm through development, and has provided valuable support as we worked to optimize the contracting program.”
Source: Senvion Australia
Link to AltEnergy project database: Lincoln Gap Wind Farm
Development proposal for Esco Pacific’s planned 60 MW Mirani Solar Farm in northern Queensland rejected by Mackay Regional Council on the following grounds: “Due to concern regarding the loss of Good Quality Agricultural Land (GQAL) and the fact that an over-riding need to place the facility on GQAL land has not been demonstrated.”
Katherine Solar Pty Ltd filed an application for a generation license associated with its 25 MW AC solar photovoltaic facility (32MW DC) to be constructed at a site approximately 5 km of Katherine, near the Stuart Highway. All generation output from the facility will be exported via a direct connection to Power & Water Corporation’s 132 / 22kV Katherine Zone Substation. The project secured a development permit in February this year and is targeted for construction in 2018. Katherine Solar Pty Ltd is 50% owned by Epuron Projects Pty Ltd and 50% owned by IGP Solar PV Plant Number 3 Limited (Island GP).
Major milestone clears the way for Wild Cattle Hill windfarm construction
The Wild Cattle Hill windfarm has passed another major milestone today, with TasNetworks and the proponent, Goldwind Australia, signing the connection agreement that will underpin the project.
Part of our Tasmania First vision for energy is to develop more renewable generation here in Tasmania to help deliver lower prices, and this project is a key part of our vision for the State.
In the short-term, the project will see $300 million invested, create 150 jobs during construction and will see many local contractors and businesses benefit along the way.
In the long-term, the windfarm will generate 144 MW, enough energy to power over 60,000 homes and increase wind generation capacity in Tasmania by nearly 50 per cent.
The Hodgman Government is seizing every opportunity to boost renewable energy generation and we have set ambitious targets to make Tasmania not only powered by 100 per cent renewable energy by 2022, but also to have the cheapest power prices in the nation.
Source: Tasmania Government
Cattle Hill Wind Farm connection agreement finalised
TasNetworks and Goldwind have today signed the Connection Agreement for the Cattle Hill wind farm project in Tasmania’s central highlands.
The Connection Agreement sets out the terms and conditions through which the wind farm is able to successfully connect to TasNetworks’ transmission network and is another key step in paving the way for the construction of the 144MW wind farm.
The agreement represents a significant commitment from TasNetworks and Goldwind. In addition to delivering local benefits to business and the community, the construction of the large-scale wind farm will also contribute to Tasmania’s energy security and increases the State’s on-island renewable energy generation capacity by more than 5 per cent.
“This is a key milestone for the project and highlights the strong working relationship that exists between TasNetworks and Goldwind” said TasNetworks Chief Executive Officer, Lance Balcombe.
“We’re very excited to be involved which such a great project and look forward to working with Goldwind during the construction phase over the coming months” Mr Balcombe said.
“Goldwind is pleased to be partnering with TasNetworks to successfully achieve the Connection Agreement for Cattle Hill. We have found the TasNetworks team to be very professional and capable.” said Goldwind’s Managing Director, John Titchen.
“The project is located adjacent to TasNetworks’ large Waddamana Substation, it will deliver a significant addition to the Tasmanian power supply and provide significant opportunities for Tasmanian businesses and the community. We are aiming to complete construction in 2019” Mr Titchen said.
The construction of the wind farm, consisting of up to 49 turbines, is scheduled to commence in early 2018 and is expected to create 150 jobs during construction and employ up to 10 permanent maintenance staff when fully operational in 2019.
Link to AltEnergy project database: Cattle Hill Wind Farm
Renewable energy auction to drive jobs and investment
The Andrews Labor Government is holding the largest-ever renewable energy auction to boost investment, create new jobs and drive down electricity prices.
Minister for Energy, Environment and Climate Change Lily D’Ambrosio today opened the competitive reverse auction that will deliver up to 650 megawatts (MW) of large-scale renewable energy for Victoria.
Companies with an existing planning permit to build a renewable energy facility can now bid for 15-year Support Agreements with the Victorian Government.
These long-term contracts will create investment certainty to build new energy generation projects and reduce wholesale electricity prices.
The auction is expected to drive up to $1.3 billion in new capital expenditure, create 1,250 construction jobs and 90 on-going roles.
Most of the new jobs will be created in regional Victoria where wind and solar projects are likely to be based.
The auction has been designed to bring forward projects that achieve the highest standards of community engagement, benefit local economies and represent value for money.
The Victorian Renewable Energy Targets will ensure 25 per cent of the state’s electricity generation comes from renewable sources by 2020, and increasing to 40 per cent by 2025.
Details of the tender process can be found at tenders.vic.gov.au.
Information sessions will be held from late November. To register, visit energy.vic.gov.au/renewable-energy/victorian-renewable-energy-auction-scheme.
Source: Victoria Government
Gold Coast Solar Farm
Location: Ormeau, northern Gold Coast
Capacity: 5 MW
Developer: Ormed Investments
Description: To be constructed on 203ha site adjoining Gold Coast railway line with provision for battery storage in up to 40 X 12m shipping containers. Potential for up to 100 MW plant built in stages.
Batchelor Solar farm
Location: Batchelor, NT
Capacity: 10 MW
Expected cost: $16mil
Developer: Rimfire Group
Description: Plant to be built on 12ha of land and connected into the Darwin-Katherine grid.
Tel: (08) 8943 0650
Tasmanian tech drives renewable Rottnest
Hydro Tasmania’s innovation and technology is again leading the way to a clean and reliable future.
Rottnest Island, off the Western Australian coast, is now almost half renewably-powered thanks to the Water and Renewable Energy Nexus Project (WREN).
The initiative was officially launched today. The partnership between Hydro Tasmania, the Australian Renewable Energy Agency (ARENA) and the Rottnest Island Authority (RIA) significantly reduces the island’s dependence on diesel generation.
Hydro Tasmania’s Hybrid Energy Solutions team has installed a 600 kilowatt solar array to complement the island’s existing 600kW wind turbine. Its hybrid control system and enabling technology will manage the variable mix of wind, solar and diesel power.
The new power system will make Rottnest Island 45 per cent renewably-powered on average (factoring in the current wind power component), and up to 95 per cent renewably-powered at times of high wind and solar generation. By integrating solar and wind generation with the desalination plant and water storage facilities, spare energy can also be used to create clean drinking water.
An app called “Rottnest Island Water and renewable energy nexus” can be downloaded for both Apple and Android, providing real-time power usage and educational materials.
Hydro Tasmania’s Hybrid Energy Solutions team, led by manager Ray Massie, are international leaders in helping remote communities make the switch to reliable clean energy systems.
“This is ready-made Tasmanian technology making remote Australian communities more sustainable and affordable,” Mr Massie said.
“That’s obviously crucial for a beautiful place like Rottnest Island that’s very dependent of tourism. We’re proud to be making a difference, and confident there’s much more innovation and potential to come for this world-leading technology,” he said.
The King Island Renewable Energy Integration Project has already transformed that community from being 100 per cent reliant on diesel power to about 65 per cent renewably powered, on average. A similar project is nearing completion on Flinders Island.
Source: Hydro Tasmania
ReNu Energy signs Heads of Agreement for 7.4 MW DC solar farm
ReNu Energy Limited (ASX: RNE) is pleased to advise that it has signed a Heads of Agreement to develop a 7.4 MW DC (4.99 MW AC) solar farm.
• Heads of Agreements for the development of the Boggabilla solar farm and a long term site lease
• Exclusivity to complete due diligence and to negotiate and enter into a Development Agreement and a Lease Option Agreement
• Project capital cost estimated at $9 million to $10 million including development fees. Capital will not be committed until the project reaches financial close, including securing funding
• Target equity IRR of 11% after debt and target 10 year equity yield greater than 12%
• First of a number of near term projects being evaluated and a significant step towards positive operating cash flow
• VivoPower Alliance Agreement delivering assets to ReNu Energy
ReNu Energy has signed a Heads of Agreement (Development HoA) with Kinelli Pty Ltd (Kinelli) for the development of a 7.4 MW DC (4.99 MW AC) solar farm located near Boggabilla in northern NSW (the Project). The opportunity was introduced to ReNu Energy by VivoPower under the VivoPower Alliance Agreement.
The Development HoA provides ReNu Energy with an exclusivity period of 90 days to conduct due diligence and to negotiate and enter into definitive legal agreements. ReNu Energy has also signed a separate Heads of Agreement with the land owner for an option to lease the land for the Project for a period of 25 years with two 5 year options.
ReNu Energy CEO and Managing Director Mr Chris Murray said, “The proposed Boggabilla Solar Farm is an exciting opportunity for ReNu Energy to expand its portfolio of renewable energy projects from 5.4 MW DC to 12.8 MW DC and will be a significant step towards our stated objective of achieving positive EBITDA on a run rate basis in 2018. The opportunity demonstrates the VivoPower Alliance agreement at work and is one of a number of projects in the near term pipeline.
ReNu Energy is pleased to have the opportunity to develop the project with Kinelli which has been involved in the development of a number of solar PV projects in Australia. The expertise gained in these projects significantly de-risks the Boggabilla Project”.
The Project is expected to use approximately 27,000 solar panels in a fixed tilt configuration covering 10 ha. The solar panels will be linked to central inverter stations and the system will be designed to allow for the future installation of battery storage.
The Project is intended to connect to the Essential Energy network and export energy into the National Electricity Market at 22,000 V. It is projected to produce approximately 12,000 MWh per annum.
Kinelli has recently developed and commissioned the 4.7 MW DC Chillamurra solar farm and ReNu Energy has conducted technical due diligence on the Chillamurra project. The combination of Kinelli's recent experience on Chillamurra and ReNu Energy's diligence work is expected to materially de-risk the Boggabilla Project.
The Boggabilla Project capital cost including development fees is estimated to be $9 million to $10 million. Final capital cost will be determined throughout the due diligence period. Target equity IRR of 11% after debt and target 10 year equity yield greater than 12%.
Energy generated by the Boggabilla Project will be sold to the wholesale electricity market and / or under corporate power purchase agreements. Large Scale Generation Certificates generated will be sold on market or forward sold subject to prevailing market conditions.
ReNu Energy intends to fund the Project through a combination of debt and equity. ReNu Energy is working with specialist financier, Infradebt to finalise debt facilities for a number of its solar projects and ReNu Energy shareholders recently granted approval for a capital raise to fund its growing portfolio of energy projects.
Source: ReNu Energy
Link to AltEnergy project database: Boggabilla Solar Farm
Genex secures up to $5.0 million funding from ARENA
Genex Power Limited (ASX: GNX) (Genex or Company) is pleased to announce that it has secured further Federal Government funding of up to $5.0 million via a funding agreement with the Australian Renewable Energy Agency (ARENA) (Funding Agreement) for the Kidston Stage 2 Project (K2) at Kidston, North Queensland. The K2 Project comprises the 250MW Kidston Pumped Storage Hydro Project (K2-Hydro), and the co-located 270MW solar PV Project (K2-Solar).
Under the terms of the Funding Agreement, the funding is to be applied toward specified pre-Financial Close activities to progress the K2 Project to Financial Close in 2018.
Genex Managing Director, Michael Addison said:
“Genex is pleased to continue its partnership with ARENA for the Kidston Stage 2 Project. The continued support from ARENA is testament to the innovative nature of the Project, and the growing importance of large-scale energy storage in the context of the increasing penetration of renewable energy in the National Electricity Market. It also represents a vote of confidence in the pathway Genex has outlined to financial close.
Following publication of our optimised technical feasibility study and the appointment of an ECI contractor for the K2-Hydro Project, the ARENA funding will be applied towards Genex’s project financing and EPC finalisation activities as the Company continues its engagement with EPC contractors, energy partners and debt and equity providers.
This additional funding serves to strengthen Genex’s financial position as the Company advances the Kidston Stage 2 Project to financial close in 2018.”
ARENA CEO, Ivor Frischknecht said:
“Stage Two of the Kidston hydro and solar project is an important step in achieving a secure and reliable grid and increasing the value delivered by renewable energy.”
Source: Genex Power
Link to AltEnergy project database: Kidston Hydro ProjectView PDF