Kidston Solar Project (Phase One 50MW) update
Genex Power Limited (ASX: GNX) (Genex or Company) is pleased to provide shareholders with this latest update regarding the construction program for the Company’s Phase One 50MW Kidston Solar Project (KSP1 or Project).
Genex advises that the construction of KSP1 continues to remain on time and on budget for first generation in Q4 2017 and Practical Completion in Q1 2018. Key activities since the last update (refer ASX announcement 20 April 2017) include:
First delivery of First Solar Thin-Film solar modules complete;
First delivery of NEXTracker components underway;
Piling rigs mobilized to site ahead of pile delivery;
Ergon switchyard equipment 75% installed and equipment earthing underway;
Solar farm substation earth-grid installed;
Laydown area for materials storage and component assembly 100% complete; and
Site clearing approximately 90% complete.
Commenting on the recent progress of KSP1, Managing Director of Genex Power Michael Addison said, “Genex’s focus on project delivery continues with the project continuing to perform to budget.
Kidston is now a hive of activity with 65 people employed on site. The outlook for wholesale electricity and Large-scale Generation Certificates (LGCs) remains robust which underpins the potential to deliver strong cash flows to Genex”.
The Federal Government, through the Australian Renewable Energy Agency has provided $8.9 million funding to support the construction of the $126 million Project at Genex’s Kidston Solar Farm.
Click here to go to online project datasheet: Kidston Solar Farm
Chinchilla Solar Farm - First Solar
The overall Project involves the construction and operation of a large scale solar farm that will cover a maximum area of 251 ha and will be capable of generating electricity through the exposure of PV modules to the sun. The Project will be designed to have a capacity of approximately 100 MWac.
The PV modules will be mounted in rows on a single axis tracking system to ensure that the modules are exposed to the optimal amount of solar irradiation each day by rotating the PV modules east to west, following the sun across the sky.
The direct current electricity that is generated will be converted to alternating current through the use of inverters. These inverters will be contained in shipping containers along with transformers, which will increase the voltage of the electricity before it is sent to the solar plant substation.
The Project will include the construction of an onsite 132/33 kV substation that will be connected to the existing 132 kV transmission line crossing the site via a simple T connection. A small operation and maintenance facility and communications tower will also be developed to support the Project. Utility scale (1MW+) inverters will be used to convert the direct current electricity generated by the PV modules into alternating current, the alternative current will then be stepped up to 33kV for transmission to the grid.
The Project’s detailed design, specific layout and electricity generating capacity has not been confirmed at this stage, including row spacing, internal access tracks, number of modules and inverters and the choice of whether to incorporate battery storage technology or not. There are a number of factors which will drive the final design of the plant, including its size, such as conditions in the national electricity market, potential changes to the Renewable Energy Target and detailed site investigations such as geotechnical studies. Ultimately, the final design work will be undertaken by an engineering, procurement and construction contractor. The contractor for the Project has not yet been engaged and would normally not be engaged until the time of financial close.
Senior Manager - Project Development
Tel: (02) 9002 7700
Nebo, Dysart and Central Queensland Solar Farms
Tilt Renewables adding to its solar development portfolio with three Queensland projects.
- Nebo: up to 50 MW, 6km from McKay
- Dysart: up to 50 MW, 8km from McKay
- Central Queensland: up to 250 MW in undisclosed location
Tilt Renewables said it is targeting projects with sub 12-month consenting timelines on sites that have:
- Good transmission options
- Excellent solar resource (simple site with minimal vegetation
- Supportive landowners, community and local councils
- Development pathway
Tilt also looking at accelerated solar options through smaller co-located projects, such as:
- Waddi wind and solar (105 MW and 40 MW) in Western Australia, fully consented
- Snowtown 1 solar of ~30 MW where landowners signed and approvals progressing
- Other options at Snowtown 2 to utilise existing transmission infrastructure
Source: Tilt Renewables
Ouyen Solar Farm
Future Energy is planning to build a 10 megawatt, $14 million solar farm at Ouyen in north western Victoria.
Construction started at Silverton Wind Farm
Construction has started on the 200 MW Silverton Wind Farm in near Broken Hill in north western New South Wales.
AGL Silverton Wind Farm Project Manager, Adam Mackett, said “Construction of the $450 million wind farm involves the creation of up to 150 jobs at the peak of construction. Many of these jobs we hope to source from local expertise who helped to successfully deliver the Broken Hill Solar Plant.
“When operational, the wind farm will be the largest in NSW with 58 GE 3.43-130 wind turbines. It will provide approximately 780,000 MWh of renewable energy annually, which equates to the power supply for approximately 137,000 average Australian homes”.
The Silverton Wind Farm is the Powering Australian Renewables Fund’s (PARF) first greenfield development and is being built by ajoint venture consisting of GE and CATCON. It is scheduled to be fully operational by the middle of 2018.
Source: AGL Energy
Large-scale solar projects on track to increase renewable energy capacity
Twelve large-scale solar projects set to power 150,000 Australian homes are on track to triple Australia's large-scale solar capacity.
The Turnbull Government is providing almost $90 million of grant funding through the Australian Renewable Energy Agency (ARENA) and more than $320 million of debt finance through the Clean Energy Finance Corporation (CEFC), to support more than $1 billion of large-scale solar projects.
Construction has begun, or will soon begin, on the 12 plants - six in Queensland, five in New South Wales and one in Western Australia - and are expected to be completed by mid-2018 to deliver 480 megawatts of new renewable energy capacity.
In five years Australia has gone from having no large scale solar plants to now having more than 20 plants with at least six new plants being developed without any ARENA grant funding support.
The projects will provide benefit for local communities by providing opportunities for direct employment during the construction phase, and indirectly through local service providers.
The support for these projects has fast-tracked large-scale solar in Australia and is part of the Turnbull Government's technology natural approach to affordable and reliable energy as we transition to a lower emissions future.
A recent report released by the Clean Energy Regulator (CER) detailing Australia's progress towards its 2020 renewable energy target reveals record high investment in renewables in 2016.
Source: Federal Government
Variation to conditions for Cattle Hill Wind Farm
Onewind Australia Pty Ltd received approval from the federal Department of the Environment & Energy to vary the conditions of approval for its Cattle Hill Wind Farm project in Tasmania. The up to 100 MW wind farm is planned for construction between Waddamana township & the eastern shore of Lake Echo in Tasmania's Central Highlands. A referral for the project was first submitted to the federal government on 7 April 2009 and a request for variation to the proposal was lodged on 30 August 2010.
210 new jobs as Sun Metals solar powers North Qld clean energy boom
Construction has begun on Queensland’s largest industrial solar project which will see 1.3 million solar panels installed at the Sun Metals zinc refinery in North Queensland.
Premier Annastacia Palaszczuk, Energy Minister Mark Bailey, Minister Assisting the Premier on North Queensland Coralee O’Rourke and Member for Thuringowa Aaron Harper were in Townsville today to tour the refinery and project site which, when completed, will deliver a new 125 megawatt renewable energy power station.
The Premier said this style of expansion was a prime example of the role renewable energy will play in the State’s future industrial landscape.
“Upon completion Sun Metals will be the largest single site user of renewable energy,” Ms Palaszczuk said.
“This is a unique project and is a great example of an innovative company investing in its future and North Queensland.”
“This investment will help Sun Metals to secure its output by stabilising production costs, and will provide even more job security to the refinery’s 291 employees.”
Mr Bailey said this impressive solar project would also see the creation of 210 solar powered jobs during construction.
“Through government-owned Powerlink, the Palaszczuk Government will facilitate connection of Sun Metal’s new power station to the grid,” Mr Bailey said.
“This solar farm will see renewable energy added into Korea Zinc’s mix of base-load power required to run its zinc production line – with the solar farm supplying about a third of the refinery’s current baseload power needs.
“Use of renewable energy in this way not only demonstrates it as a reliable energy source for large-scale industry, but that Korea Zinc is committed to the people of North Queensland, to minimising carbon emissions and protecting the Great Barrier Reef.”
Mrs O’Rourke said this was another example of the clean energy boom which is occurring in Queensland under the Palaszczuk Government.
“Since January 2016, Queensland has seen an unprecedented level of renewable energy investment activity in North Queensland with over 780 MW of large-scale projects either commencing construction or securing financial support,” she said.
“These projects will deliver $1.6 billion of infrastructure spending to the north, while creating over 1,400 construction jobs.”
Sun Metals Chief Executive Officer Yun Choi said since its 1996 opening the refinery has played a significant economic role in Townsville and Queensland.
“Current refinery operations see Sun Metals produce 225,000 tons of Zinc per annum using over 900,000 megawatt-hours of electricity per year,” Mr Choi said.
“The development of the Sun Metals Corporation solar farm will see an additional 125 megawatt capacity of generation available to the National Electricity Market, underpinning the Queensland Government’s solar energy development policy, and a marked reduction in the carbon footprint of the refinery’s operations.
“The SMC Solar Farm investment of $199 million is the first step in Korea Zinc ensuring the long term viability of the existing refinery and also underpinning the potential for its expansion using world class new technology, with an investment decision due in late 2017.
“An expanded refinery would see an additional $267 million invested and is expected to support up to 827 construction jobs during peak construction and an additional 100 permanent refinery workers once operational, all within North Queensland.
“The refinery expansion will also see an increase in broader economic activity for Townsville with significant increase in Townsville Port activities, uplift for local suppliers and contractors and also, via use of new refining technology, reduced water usage and environmental outputs.
“We welcome the support of the Queensland Government and we look forward to partnering to facilitate the expansion of the refinery creating new investment, new jobs and a long term uplift for Port of Townsville operations and the wider Townsville community,” Mr Choi said.
The Sun Metals solar project is expected to be completed in early 2018 and fully commissioned and providing renewable energy into the refinery’s energy mix by April 2018.
Source: Queensland Government
Click here to go to online project datasheet: Sun Metals Solar Farm
Consultation on electricity generation licence application
GREENOUGH RIVER SOLAR FARM PTY LTD
The Economic Regulation Authority (ERA) is seeking public comment on an electricity generation licence application from Greenough River Solar Farm Pty Ltd (Solar Farm) to generate electricity from photovoltaic arrays (solar panel system) in West Casuarinas, 50 kilometres south-east of Geraldton.
This is the second stage of the Solar Farm’s generating works, which will expand its generation capacity from 10 megawatts to 40 megawatts. Generators with a capacity over 30 megawatts require a licence.
Source: WA Government
ReNu signs Alliance Agreement with VivoPower & term sheet for 600kW solar PV project
- Alliance Agreement for ReNu Energy Limited (“ReNu Energy”, ASX: RNE) to acquire solar PV projects from VivoPower Pty Ltd, a wholly owned subsidiary of VivoPower International PLC (NASDAQ: VVPR), collectively “VivoPower”.
- ReNu Energy to construct and commission new projects and to own all projects acquired under the agreement. The projects will be underpinned by long term power purchase agreements and generate renewable energy certificates.
- Binding term sheet for ReNu Energy to purchase the 600kW Amaroo Solar PV Project, subject to final confirmatory due diligence, for a purchase price of $2.38 million. The project has been operating since 2015 and is underpinned by a twenty year ACT Government Feed in Tariff.
Renewable energy company, ReNu Energy, is pleased to announce that it has signed a five year Alliance Agreement with global solar power company VivoPower to acquire solar PV projects in Australia. ReNu Energy and VivoPower have also signed a binding term sheet for ReNu Energy to purchase the 600kW Amaroo Solar PV Project (the Amaroo Project) from VivoPower, subject to final confirmatory due diligence.
VivoPower has a track record of securing diversified, high quality and qualified solar projects, most recently announcing a joint venture for 1.8GW of projects in North America. In Australia, VivoPower currently owns the 600kW Amaroo Solar PV Project in ACT and a portfolio of small scale solar PV projects.
CEO & Managing Director of ReNu Energy, Mr Chris Murray commented, “We are delighted to be partnering with VivoPower, a successful originator of solar PV projects across the globe. The Alliance Agreement will allow us to accelerate the growth of our portfolio of behind the meter renewable energy assets as we continue to originate and develop projects in our own right.
“The Amaroo Solar PV asset marks ReNu Energy’s first operational solar asset in what we aim to grow into a portfolio of solar PV projects. The Amaroo Project is operational and has a long term government offtake – an ideal project with which to launch our solar PV business and an example of future projects which we will seek to develop in conjunction with our partner, VivoPower. Amaroo will deliver an average annual contracted 20 year cash yield of 12.7% per annum, delivering positive cashflow to ReNu Energy”.
CEO of VivoPower, Dr Philip Comberg commented, “We are very pleased to partner with ReNu Energy and we hope that the sale of Amaroo is the first of many projects that we will transact pursuant to the Alliance Agreement. For VivoPower, the Alliance Agreement provides a unique strategic pathway to strengthen our build, transfer and operate (BTO) model for commercial, industrial and government (CIG) solar PV projects in Australia and to grow our base of long term recurring power services revenue.”
Under the terms of the Alliance Agreement, VivoPower will originate new projects, complete design and costing, secure relevant project agreements and approvals, secure Power Purchase Agreements (PPAs), and may provide options for funding.
The projects will be offered to ReNu Energy on a first right of refusal basis and, if acquired, ReNu Energy will assume responsibility for the construction and commissioning of each project. ReNu Energy will pay an upfront origination fee for each new project. VivoPower may also offer existing projects on a first right of refusal basis and, if acquired, ReNu Energy will pay a purchase price for each existing project.
For each project acquired, ReNu Energy will pay an alliance fee for a period of five years and will enter into a long term power services agreement for the operation and maintenance of the project.
The Alliance Agreement has an initial term of five years with an option for VivoPower to extend for a further five years. ReNu Energy will pay VivoPower an establishment fee of $190,000 in consideration of the costs of establishing the agreement. The parties will cooperate to develop appropriate terms and conditions for the relevant project and funding agreements.
The scope of the Alliance Agreement is behind the meter solar PV projects operating under PPAs and utility scale solar PV projects up to 5MW in Australia.
Purchase of Amaroo Solar PV Project
ReNu Energy and VivoPower have signed a binding term sheet for ReNu Energy to purchase the 600kW Amaroo Solar PV Project from VivoPower subject to confirmatory due diligence. The Amaroo Project, which has been operating since 2015, is underpinned by a twenty year Feed in Tariff (FiT) with the ACT Government with a tariff of $0.30/kWh. With an annual energy output of approximately 940,000kWh the project is also eligible for Large Scale Generation Certificates (LGCs). The project is located on the rooftop of the Amaroo School in Canberra and is the largest rooftop solar PV system in the ACT.
ReNu Energy will pay $2.38 million to VivoPower for Amaroo which will initially be funded from existing cash reserves. ReNu Energy and VivoPower will cooperate to retain the existing project finance or secure new project finance for the project. The operations and maintenance of the Amaroo Project will continue to be provided by VivoPower.
Source: ReNu Energy
WIRSOL opens office in Sydney and plans to expand its activities
Within the scope of expansion of its business activities on the Australian continent solar energy system project developer Wirsol, headquartered in Baden-Württemberg, Germany, has opened a new office in Sydney. The new team’s objectives are to realize planned solar farms and develop further potential projects.
The company’s entire Australian activities will now be coordinated from the office, which is more than 200 square metres in size and just a few minutes’ walk from world-famous Manly Beach. Following the announcement of substantial investment in Australian solar energy farms a few weeks ago the first six employees have now moved into the new premises in the north of the city.
Development of the Australian branch office has been organized by Mark Hogan, Managing Director of Wirsol’s British subsidiary Wirsol Energy Limited, and his team. Wirsol’s managing director Peter Vest expressed his satisfaction with the speed of development in Australia when attending the official inauguration of the new office.
Speaking at the event Peter Vest emphasized Australia’s importance for the company’s international growth, saying “Thanks to its holdings Wirsol is today already a leading project developer in sustainable energy on the Australian continent. We would like to maintain and further expand this position in future.” He also referred to the market’s enormous potential for the development of solar energy.
In March Wirsol announced the founding of an Australian subsidiary and the construction of three solar farms in Queensland and Victoria with an investment volume of 380 million Australian dollars. This commitment represents the largest single investment in the development of solar energy in Australia to date. Further development of capacity for a total output in excess of 1 GWp by 2020 is also planned.
ReNu Energy signs ARENA Funding Agreement for 1.6 MW Goulburn Bioenergy project
19 May 2017
Renewable energy company, ReNu Energy Limited (ASX: RNE) is pleased to advise that it has finalised the terms of a Funding Agreement for the Goulburn Bioenergy Project. The Funding Agreement, announced to the market in November 2016, is for $2.1 million in grant funding from the Australian Renewable Energy Agency (ARENA) and will see the construction of an anaerobic lagoon, biogas processing and power generation facility at the Southern Meats sheep abattoir in Goulbourn NSW.
The project will operate under a Build Own Operate Maintain (BOOM) model whereby ReNu Energy will own the digester, gas conditioning and generation equipment with the Southern Meats abattoir obtaining on-site renewable energy under a power purchase agreement (PPA) with no upfront costs and without the need to operate and maintain the plant and equipment.
ReNu Energy Managing Director and Chief Executive Officer, Mr Chris Murray said, “We are pleased to have finalised the Funding Agreement with ARENA, and look forward to commencing construction of the project in the coming weeks. We wish to acknowledge the support and collaboration from ARENA over the past months whilst we finalised the Agreement and also the ongoing support of Southern Meats.
With ever rising energy prices increasing the cost of production for the agricultural sector we continue to see strong interest in biogas systems. Together with our solar PV offering, we are excited to be growing our portfolio of behind the meter renewable energy projects”.
ARENA plays a critical role in assisting technologies and businesses to successfully demonstrate and commercialise emerging renewable energy technologies. With ARENA’s support ReNu Energy will demonstrate the technical and commercial viability of biogas projects. The knowledge from the Goulburn Bioenergy Project will further enable ReNu Energy to develop a portfolio of projects in the agriculture and meat processing sectors, the development of which will lead to cost reduction through capital cost efficiencies, risk diversification and a targeted lower cost of capital.
Source: ReNu EnergyView PDF