Berri Barmera Council solar farm project to be sold
Berri Barmera Council has resolved to seek expressions of interest for the rights to develop the proposed 10 MW Solar Farm on Morritz Road at Berri. This effectively means that Council will not proceed with developing the facility itself and will look to sell the project to renewable energy generation developers. The project has development approval for construction on the former Berri Racecourse site and connection into the SA Power Networks grid through Berri Substation, one km from the site. State Government funding of $5m had been secured for the project, with return of unspent funds to be negotiated.
Council’s decision to no longer pursue the development of the Solar Farm directly came after Accolade Wines advised that it was not in a position to commit further to the project. The project has been progressed to a ‘shovel ready’ stage and as such could be built by another developer with minimal delay using the designs, approvals and grid connection agreement. Council considered other options such as allowing further time for Accolade Wines to consider the proposal again at a future date or alternatively, Council developing the Solar Farm and retailing energy to the wholesale market. Council deemed both alternative options inappropriate given community interests and original funding arrangements, which would not support either option.
Mayor Peter Hunt said “despite putting in our best effort to deliver a great project for Council, Accolade Wines and the Community, the timing and justification to continue with the project was simply not right in the end. Accolade Wines was bought by new owners in 2018 and in terms of energy procurement and use, they are considering a number of options. We needed an answer and in this case they made it clear that they could not commit further to the project. The upside is we have fielded several enquiries to buy the project including lease rights to the old Racecourse site. We have expert advice that the project has strong commercial value and that is why we have decided to call for expressions of interest from parties seeking to buy the intellectual property and development rights.”
The Expressions of Interest for purchase of the project is timed for release in late August subject to arrangements being put in place.
Any interested parties are welcome to contact Council’s Manager Environmental Services / Major Projects Myles Somers on 08 8582 1922 to discuss being involved in this opportunity.
Source: Berri Barmera Council
First wind turbine operations commence with tower cranes in Australia
ALE’s K1650L tower cranes have begun work to install wind turbine generators (WTG) near Port Augusta in southern Australia, where they will help to power 155,000 homes.
It is the first time this type of crane has been used for wind turbine installation in Australia. ALE has brought two of the innovative cranes to the country, where one recently commenced work at Lincoln Gap Wind Farm.
The K1650L tower crane was selected for the project due to its high wind speed tolerance and small footprint. The crane’s compactness means the size of hardstand can be reduced by more than 50% in comparison with other cranes widely used in the wind industry, allowing cost and time savings in civil works.
This also helps to reduce the crane’s environmental impact – a particular benefit for Australia, where several wind farms are planned close to forested areas. Being able to significantly shorten the boom up and down area is a great contribution to overall project efficiency because less space needs to be cleared to position the crane.
ALE has been contracted to install 14 WTGs at the Lincoln Gap Wind Farm site, which will begin commissioning the first of its 59 wind turbines later this year.
ALE previously utilised the advantageous capabilities of these tower cranes in Thailand, where, with a hub height of 162m, they were used to install the tallest WTGs in South East Asia.
State Minister for Energy and Mining opens new ENGIE wind farm to help power South Australia
ENGIE today officially opened its Willogoleche Wind Farm in Hallett, South Australia. One of the largest renewable energy projects completed in the state, Willogoleche has a generating capacity of 119MW, capable of delivering renewable energy to 80,000 homes.
The wind farm was officially opened today by The Hon Dan van Holst Pellekaan, State Minister for Energy and Mining and ENGIE Asia Pacific President and CEO, Paul Maguire. They were joined at the launch by the Mayor of the Regional Council of Goyder and representatives of Mitsui & Co, ENGIE’s joint venture partner on the project.
Consisting of 32 turbines and currently the fourth largest wind farm in South Australia, the opening of Willogoleche is the latest major milestone in the state’s renewable energy transition. Willogoleche is the first onshore wind farm in the world to install and commission GE’s 3.8MW turbines at scale, and its 130m rotor blades can operate through a range of wind speeds, allowing ENGIE to maximise the capacity of each turbine.
Power from the site will be delivered via ENGIE’s retail arm, Simply Energy, which has more than 700,000 customers in Australia, including nearly 90,000 in South Australia.
The wind farm represents a $250 million investment by ENGIE and follows a $75 million upgrade to its 500MW Pelican Point Power Station, one of the most environmentally friendly of its type in Australia. In total ENGIE has more than 800MW of wind-firming capacity available in South Australia making a critical contribution to the state’s energy security and stability.
Commenting on the opening of Willogoleche, Minister Dan van Holst Pellekaan said: “The Willogoleche Wind Farm adds another significant renewable energy resource to South Australia’s impressive portfolio of wind and solar generation. “Willogoleche’s 119MW capacity will put downward pressure on prices by increasing competition in the South Australia’s energy market.”
The addition of further wind power adds momentum to the case for associated grid-scale storage and an interconnector between SA and NSW to enable the export of South Australia’s abundant renewable energy to the eastern seaboard.”
ENGIE Asia Pacific President and CEO Paul Maguire added: “Willogoleche is the latest demonstration of ENGIE’s long-term commitment to South Australia. This investment significantly increases our local generation capacity to deliver more renewable energy to our growing customer base in the state.
“This opening marks another milestone in our continuing transition across the Asia-Pacific region toward low-carbon energy production and the pursuit of growth opportunities through providing energy efficient and multi-technical solutions to customers.”
In addition to Willogoleche, ENGIE operates the 46MW Canunda Wind Farm in South Australia and has renewable energy projects under development in Queensland and New South Wales.
Variation of Generation Licence - Batchelor and Manton Solar Farms
Eni Australia Limited (EAL) is pleased to apply to the Utilities Commission to vary our Generation Licence in order to add proposed Generation Plants. EAL has been present in Australia through its subsidiaries since year 2000. Eni Australia BV is the operator and 100% owner of the Blacktip Gas Project, which has supplied domestic gas to the NT since 2009. In January 2019, EAL completed the acquisition of a construction-ready solar photovoltaic (PV) project near Katherine, in the Northern Territory of Australia, from Katherine Solar Pty Ltd, a joint venture between Australia's Epuron and the UK- based Island Green Power. This project is currently under construction and is the basis of EAL's existing Generation Licence.
Once completed, this project will be the largest solar PV farm in the Northern Territory, consisting of the installation of 33.7 MWp (megawatt peak) of ground- mounted PV panels, as well as a battery storage system with a capacity of 5.7 MVA/2.9 MWh. Katherine Solar is likely to be the largest solar generator connected to the Darwin Katherine system.
EAL is submitting this application to vary our existing Generation Licence. EAL wishes to construct and operate 2 x lOMW ground mounted solar PV powered generation facilities that will connect to the Darwin-Channel Island transmission system at two interconnection points - Batchelor and Manton Dam subzone stations. Electricity generated from these facilities will be sold to Jacana Energy via a Power Purchase Agreement. These projects were initially developed by Infigen Energy and development tasks have been finalised by Tetris Energy, allowing EAL to now acquire two further construction-ready solar farm projects, as occurred for Katherine Solar.
Source: Eni Australia
Introducing Megapack: Utility-Scale Energy Storage
Less than two years ago, Tesla built and installed the world’s largest lithium-ion battery in Hornsdale, South Australia, using Tesla Powerpack batteries. Since then, the facility saved nearly $40 million in its first year alone and helped to stabilize and balance the region’s unreliable grid.
Battery storage is transforming the global electric grid and is an increasingly important element of the world’s transition to sustainable energy. To match global demand for massive battery storage projects like Hornsdale, Tesla designed and engineered a new battery product specifically for utility-scale projects: Megapack.
Megapack significantly reduces the complexity of large-scale battery storage and provides an easy installation and connection process. Each Megapack comes from the factory fully-assembled with up to 3 megawatt hours (MWhs) of storage and 1.5 MW of inverter capacity, building on Powerpack’s engineering with an AC interface and 60% increase in energy density to achieve significant cost and time savings compared to other battery systems and traditional fossil fuel power plants. Using Megapack, Tesla can deploy an emissions-free 250 MW, 1 GWh power plant in less than three months on a three-acre footprint – four times faster than a traditional fossil fuel power plant of that size. Megapack can also be DC-connected directly to solar, creating seamless renewable energy plants.
For utility-size installations like the upcoming Moss Landing project in California with PG&E, Megapack will act as a sustainable alternative to natural gas “peaker” power plants. Peaker power plants fire up whenever the local utility grid can’t provide enough power to meet peak demand. They cost millions of dollars per day to operate and are some of the least efficient and dirtiest plants on the grid. Instead, a Megapack installation can use stored excess solar or wind energy to support the grid’s peak loads.
Tesla developed its own software in-house to monitor, control and monetize Megapack installations. All Megapacks connect to Powerhub, an advanced monitoring and control platform for large-scale utility projects and microgrids, and can also integrate with Autobidder, Tesla’s machine-learning platform for automated energy trading.
Tesla customers have already used Autobidder to dispatch more than 100 GWh of energy in global electricity markets. And, just as Tesla vehicles benefit from continued software updates over time, Megapack continues to improve through a combination of over-the-air and server-based software updates.
As the world’s transition to sustainable energy continues to accelerate, the market for advanced battery storage solutions is growing rapidly. In the past year alone, we have installed more than 1 GWh of global storage capacity with our current storage products, Powerwall and Powerpack, bringing our total global footprint to more than 2 GWh of cumulative storage. With Megapack, this number will continue to accelerate exponentially in the coming years.
To learn more about Megapack and how our energy storage solutions for utilities and commercial customers are accelerating the transition to sustainable energy, visit tesla.com/megapack.
Sapphire Wind Farm crowdfunding completes
- Australia’s first large-scale public community investment into a utility-scale wind farm.
- At 270MW it is the largest wind farm in NSW, and can power 115,000 homes
- 75 Wind Turbines - approximately two-thirds of the power generation has been already pre-sold in off take agreements
- Community investment component represented just under $1.8 million and nearly 100 investors
DomaCom Limited (ASX: DCL) is pleased to announce that the DomaCom Fund has completed its first crowdfunding into a wind farm project.
Located in the New England region of northern NSW, the Sapphire Wind Farm Community Co-investment is in the vicinity of Inverell and Glen Innes and was opened firstly to residents in the Federal Division of New England to participate in the offer. The wind farm is owned and operated by Grassroots Renewable Energy, which is a joint venture between CWP Renewables and Partners Group.
Completed in November 2018, the Sapphire Wind Farm has a capacity of 270MW making it the largest wind farm in New South Wales, and is capable of powering 115,000 homes and displacing 700,000 tonnes of carbon dioxide per year.
DomaCom CEO Arthur Naoumidis said, “The Sapphire project is further evidence of DomaCom’s capacity to syndicate a variety of investment opportunities across a range of asset types, and further demonstrates the ability of communities to come together to fund projects that they care about. In the case of Sapphire investors will receive a yield of 6% p.a. paid quarterly for 9 ½ years on a minimum investment of $1,250”.
“We are delighted that CWP Renewables and Partners Group, a global private markets investment manager, decided to partner with DomaCom for this outstanding project and we look forward to bringing other similar projects to investors and communities in the future”.
Mr Andrew Dickson from CWP Renewables said “This was the first time we’ve undertaken an initiative of this nature and scale, but it won’t be the last. DomaCom have been a great partner.”
Queensland generators - PPA Request for Tender
Clean Energy Strategies (CES) is inviting all renewable energy Generators who have existing or in development projects in Queensland to participate in an aggregated corporate PPA.
CES is seeking a load of between 150MWh – 220MWh on behalf of the Queensland Hotels Association Union of Employers, which represent 1700 pubs, accommodation hotels and bottle shops.
A firmed solution is preferred, however CES is open to how the transaction is structured and is accepting of both synthetic firming solutions and via partnerships with retailers.
The closing date for the tender responses is 13 September 2019.
For further information and the RFT documents contact:
Clean Energy Strategies
Mob: +61 414 801 855
Clean energy executives planning for the future after two years of record growth
Australia’s renewable energy sector has just had its two biggest years in history but the future of the industry remains messy and uncertain, as shown by a survey of senior executives released at the Australian Clean Energy Summit in Sydney today.
Clean Energy Council Chief Executive Kane Thornton said $20 billion of private investment had flowed into large-scale renewable energy in 2018 and it was the biggest ever year for rooftop solar. But the large-scale Renewable Energy Target (RET) has now been achieved and there is no long term policy to give investors certainty beyond 2020.
“While the indicators in the latest Clean Energy Outlook Index are still strong, the level of confidence in the future of clean energy investment has fallen since December 2018. Close to two thirds (62 per cent) of the executives responding expected to increase staffing levels in the next 12 months, compared to 83 per cent in December,” Mr Thornton said.
“The industry is navigating a range of challenges. The top concern for those surveyed was grid connection and network access, followed by a lack of federal policy and then unnecessary regulation.
“While the industry is working closely with the Australian Energy Market Operator and the energy networks to address the challenges with the grid, these are complex issues which take time, planning, major investment and political support. Consequently the average confidence level has declined slightly to 6.6 out of 10, down from 7.1 six months ago,” he said.
About 800 delegates will gather at the Australian Clean Energy Summit at the ICC in Sydney today to hear insights from some of the industry’s leaders, as well as looking to the future as Australia moves towards a zero-emission energy sector.
Speakers at the conference include:
- NSW Energy and Environment Minister Matt Kean
- Tesla Chair Robyn Denholm
- Energy Security Board Chair Kerry Schott AO
- EnergyAustralia Chief Executive Catherine Tanna
- Goldwind Australia Chief Executive John Titchen
- Victorian Energy Minister Lily D’Ambrosio
- Australia’s Chief Scientist Dr Alan Finkel AO
- Pacific Hydro CEO and Clean Energy Council Chair Rachel Watson
Mr Thornton said while renewable energy investment no longer requires new subsidy, it does require long-term energy policy certainty.
“The momentum of this industry is incredible, but without some form of national policy leadership investment in new clean energy will be more challenging.. I’m looking forward to hearing perspectives about what the future holds from some of the most insightful people in the country and beyond,” he said.
The Australian Clean Energy Summit runs at the ICC Sydney on Tuesday and Wednesday 30-31 July. The full program is available at https://www.cleanenergysummit.com.au/agenda. The full results of the Clean Energy Outlook confidence index are available on the Clean Energy Council website.
The Clean Energy Council would like to thank Goldwind Australia, the major sponsor of the event.
Source: Clean Energy Council
Taminda Solar Farm
Chan Abbey Holdings’ proposed 9 MW Taminda Solar Farm in northern NSW has been conditionally approved by the Northern Regional Planning Panel and Tamworth Regional Council. The panel’s report said the Reflective and Illumination Glare Report identified the potential for adverse glare will be minimal, except potentially for the Tamworth Racecourse. The report recommended necessary mitigation measures which were adopted in the conditions. Additional conditions were added by the panel to further mitigate the issue.
Gunsynd Solar Farm
Location: Goondiwindi, southern Queensland
Capacity: 120 MW
Developer: SkyLab Australia
LGA: Goondiwindi Regional Council
Description: Approximately 346,000 panels & 40 inverters to be installed on a development site covering 185ha.
Contact: Cameron Meekin
Hexham Wind Farm
Location: Hexham, VIC
Capacity: Up to 700 MW
Developer: Wind Prospect
Status: Stakeholder engagement underway
Description: Up to 125 turbines located on predominantly cleared land used for cattle and sheep farming, with some dairy farming and cropping. An existing 500kV transmission line to the Mortlake Terminal Station is close by.
Contact: Community Engagement Officer
Tel: 1800 934 322
CEFC looks to stronger, cleaner grid after positive year of investing to reduce emissions
A message from CEFC CEO Ian Learmonth
On behalf of the CEFC, I am pleased to provide this update on our commitments in FY19, and to share information about our priorities for the year ahead.
− CEFC commits almost $1.5 billion to new clean energy investments in year to 30 June 2019
− Record $320 million in CEFC finance repaid in one year, for re-investment in new projects
− FY19 performance to underpin increased focus on grid stability and large-scale storage
INVESTING IN A STRONG CLEANER GRID
The CEFC is looking to extend into new frontiers in low emissions energy generation after another strong year of investing in clean energy solutions Australia-wide. Key priorities for FY20 and beyond will include projects and technologies to deliver a stronger, more reliable grid, to take advantage of Australia’s robust renewable energy resources and to support the transition to a distributed energy model.
Following strong progress in the development of the large-scale solar and wind sectors, our investments will also increasingly target new technologies where there is less appetite from mainstream investors – including pumped storage and large-scale batteries, behind-the-meter generation and grid solutions.
INVESTING WITH COMMERCIAL RIGOUR
We made new investment commitments of almost $1.5 billion in the 12 months to 30 June 2019, across 30 transactions with a total value of $6.3 billion.
For the first time since we began investing in 2012, we deployed a record $1.3 billion into the clean energy sector in a single 12-month period. In addition, a record $320 million in CEFC finance was repaid in FY19, underscoring our ability to earn a positive return on our investments and reinvest our finance on behalf of the Australian community.
New commitments in FY19 included $940 million in renewable energy and $524 million across a broad range of energy efficiency and low emissions projects. Each dollar of CEFC finance committed in FY19 was matched by more than $3 from the private sector.
We are proud to have delivered a record $400 million in finance for some 5,800 smaller-scale projects in FY19, working with our co-finance partners to support projects valued from $10,000 to $5 million.
Through the Clean Energy Innovation Fund, we also strengthened our position as Australia’s largest investor in the early stage cleantech sector, with total investment commitments of $69 million at 30 June 2019.
We broadened our equity portfolio in FY19, with equity investments now representing 20 per cent of commitments since inception, complementing our debt portfolio. We recognise that, as an equity investor, we increase our ability to influence longer-term emissions reduction across new and existing assets.
As expected, the scale of new investment commitments in FY19 was lower than the record $2.3 billion achieved in the previous year. This reflected broader market conditions, including the build out of the Renewable Energy Target. Grid and transmission constraints also contributed to a lower rate of new investments in large-scale renewables.
OUR PORTFOLIO SINCE INCEPTION
We are pleased to report that, with our co-investors, CEFC finance has played a role in driving $24 billion in commitments to new investments in clean energy projects since inception, supporting significant growth in large-scale renewables in particular.
Our portfolio of investment commitments was almost $6.6 billion at 30 June 2019, after allowing for repayments, amortisation and cancellations on almost $7.2 billion in total commitments made since inception.
Through these commitments, we have deployed more than $5 billion to projects Australia-wide since 2012, of which almost $560 million has been repaid and is available for new investments.
Since we began investing, each dollar of CEFC commitments has been matched by more than $2 in private investment, a clear demonstration of our progress in drawing additional finance into clean energy solutions.
At 30 June 2019, our portfolio of investment commitments was targeting lifetime cuts to greenhouse gas emissions of more than 260 million tonnes of CO2-e. We welcome the continued trust of private investors in working with us to reduce emissions.
EXTENDING INTO NEW FRONTIERS
This track record is not a signal that we can stand still. Australia is forecast to have one of the most decentralised electricity systems in the world by 2050. This evolution will require support for the development of new technologies and industries so they can benefit from CEFC finance as they gain commercial traction with private investors.
We see a critical need for coordinated investment in generation, storage and transmission infrastructure as part of a stable and reliable grid. In particular, pumped hydro and other forms of dispatchable renewable energy are under consideration and, from our perspective, can play a vital role in Australia’s sustainable transition to net zero emissions.
While the large-scale solar and wind sectors are showing increasing maturity – with the ability to tap a strong market for equity and debt – the investor appetite for merchant risk remains constrained, placing a potential brake on continued market growth in the face of an ageing, constrained transmission network.
Early progress in large-scale storage investments is welcome, but this market is also still evolving, with fully commercial models yet to develop. We also see an important role for CEFC finance in this exciting market.
ACCELERATING SUSTAINABLE NET ZERO EMISSIONS
Looking beyond energy generation, we will continue to be at the forefront of new investment in a wide range of projects to drive down emissions, touching on all areas of our economy, including agriculture, infrastructure, property, transport and waste.
During FY19 we stepped up our efforts to assist market participants better understand the emissions and financing benefits of clean energy investments.
Our research reports and real-life investment insights continued to be well received and have covered a range of issues – from electric vehicles to agriculture, bioenergy, the built environment and manufacturing. We will continue this practical focus in FY20 and beyond, working together with other experienced investors and developers.
THE INVESTMENT HORIZON
We welcome the increasing focus on sustainability and net zero emissions from businesses, both large and small, as well as institutional investors and innovative entrepreneurs. Regulatory interest in emissions reduction is also having a positive impact on investment decisions.
The pathway to net zero emissions requires sustained investment and action across all areas of economic activity, founded on a stable and reliable grid. We look forward to continuing to work alongside other investors, project developers, cleantech entrepreneurs and all levels of government in this important endeavour.
Please see our FY19 Investment Update for further information.
Aramara Solar Farm
A referral for the proposed 130 MW Aramara Solar Farm in North Aramara, Queensland has been submitted to the federal Department of the Environment & Energy for public comment. China’s Boer Energy has acquired the project from original developer Eco-Energy World Australia, who received a Development Permit for the project from the Fraser Coast Regional Council in September 2016. The detailed design, specific layout and electricity generating capacity have not been confirmed at this stage, however it is envisaged the project will involve a typical solar farm with arrays, switch yards, battery storage, control building, and car park area to facilitate the operation of the solar farm within the nominated 326 hectare development area.
Senvion announces agreement with its lenders as it continues its accelerated M&A process
- Senvion concludes agreement with its lenders which gives sufficient financial support until at least end of August
- M&A process further accelerated in order to achieve results soon
- All business areas under review
Senvion today announced that it has reached an agreement with its lenders which gives financial support for the continuation of its business until the end of August and potentially for a period thereafter if ongoing talks with lenders can be concluded successfully. This agreement enables Senvion to further accelerate its M&A process in order to achieve results soon. Discussions with potential bidders are at an advanced stage.
Yves Rannou, CEO of Senvion, said: "In tandem with the hard work and commitment of everybody at Senvion, we have been exploring our options to secure the best possible outcome for the company. However, as negotiations have not yet been concluded, we will further accelerate the M&A process and in parallel initiate a review of all business areas to secure Senvion's profitable core business. The goal is to finalise our advanced investor discussions in the short term. I am grateful for all the support of our dedicated employees and would like to thank our lenders for their continued financial support."
As a contingency for an unsuccessful outcome to the company's efforts to sell Senvion as a whole, or substantial parts of it, the management has to prepare for all eventualities. To this end, management will shortly be meeting with employees' representatives to begin the negotiations regarding social plans and balance of interest schemes for all business areas or substantial parts of it if an investor cannot be found in time.
Dundonnell Wind Farm
A major civil milestone was achieved this week at the Dundonnell Wind Farm with the completion of the first concrete foundation pour. Crews didn’t put a foot wrong all day, working in and around each other to pour roughly 580 cubic meters of concrete into the turbine footing. Civil works also continued at several work fronts across the wind farm site, with cut to fill earthworks for access tracks and hardstands progressing. Five hardstands have been prepared and 14 turbine foundation excavated, seven of those now ready for the placement of reinforcing steel, with more excavations underway. Production of gravel and rock products continued at the Quarry.
Source: Tilt Renewables
Gearing up for a green gas future
The greening of the New South Wales gas network has taken a significant step forward.
Leading energy infrastructure company Jemena has confirmed the purchase of the state’s first electrolyser which will utilise renewable energy to produce green gas for cooking, heating and hot water in homes and businesses.
The 500kw electrolyser will be located in Western Sydney. The technology will utilise solar and wind power to create carbon-neutral hydrogen gas to be stored in the Jemena Gas Network – the largest in Australia.
“We are making a significant investment in technology to demonstrate the network is ready to deliver clean, safe and sustainable green gas to customers,” said Gabrielle Sycamore, General Manager, Strategy and Commercial, Jemena.
“New South Wales’ first electrolyser will ensure we can develop processes to store renewably generated energy in existing network infrastructure for use when the sun doesn’t shine and the wind doesn’t blow,” Ms Sycamore said.
Moving to a decarbonised gas future
The electrolyser, developed in Belgium and Canada by Hydrogenics, and brought to Australia by renewable energy systems specialists, ANT Energy Solutions, will drive Jemena’s Western Sydney Green Gas Project, a $15 million trial, co-funded by the Australian Renewable Energy Agency (ARENA). The project will produce renewably generated hydrogen gas for use in NSW homes and businesses within the next five years.
Importantly, the project will demonstrate the co-mingling, storage and distribution of hydrogen and natural gas in the existing network, which has the capacity to store the equivalent of 8 million Powerwall batteries. In doing so, the project will test intermittent and variable energy conversion to renewable gas, providing on-demand energy in the gas distribution network.
“Gas is vital to many Australian companies and communities including the $196 billion mining and manufacturing industry and more than 6.5 million homes. Customers are increasingly looking for sustainable energy solutions and Jemena believes renewable gases such as hydrogen and biomethane can play an important role in meeting the NSW Government’s objective of net zero emissions by 2050,” said Ms Sycamore.
Jemena is also working with councils, partners and stakeholders to ensure public and private transport fleets can access hydrogen for use in fuel cell electric vehicles.
Kentbruck Green Power Hub
Neoen Australia submitted to state government regulators a referral for its proposed up to 900 MW wind farm and battery storage facility to be located in an actively managed and harvested pine plantation in Victoria’s south west, between Portland and Nelson. The key components of the Kentbruck Green Power Hub will comprise:
- A wind farm, consisting of up to 157 wind turbines and associated infrastructure
- A battery storage facility, comprising a lithium-ion (or other battery technology) battery with up to 500 megawatts (MW) / 1,000 MW hours of storage
- A connection to the electricity grid via an underground and/or overhead transmission line.
An indicative timeline for the implementation of the Project comprises:
- December 2020 – Secure all planning and environmental approvals
- June 2021 – Construction commencement, to occur over a period of around 2 years
- June 2023 – Commission the Project.
Letter to shareholders
It is with great pleasure that the Board of Directors of Carnegie provide you with the enclosed Prospectus to raise a minimum of $5.5 million which, if successful, will see a resumption in trading of Carnegie on the ASX and a continuation of our plans to develop the CETO wave energy technology. Application forms are also enclosed and the Offer closes on 4 September 2019.
This Prospectus will see us complete our period under administration and set us on our way to delivering a commercial ready CETO wave energy technology with a simplified balance sheet and without the loss making EMC solar business.
As a shareholder of Carnegie, you have the opportunity to participate in this recapitalisation via a rights issue to existing shareholders at an issue of $0.001 per share with the right to take up 4 more shares for every 1 share you currently hold. Our plan is simple, to move the technology development into a hi-tech pathway of building a digitised virtual prototype using emerging computational means such as artificial intelligence (Machine Learning) and leveraging our important strategic relationships. This pathway is intended to be significantly quicker and require substantially less funds.
In addition to the Prospectus, you will have recently received separately a Notice of Meeting and proxy form for a shareholder meeting scheduled for Friday 30 August 2019. We will provide a corporate and technical update at that meeting and hope you can attend.
The Board and Management are excited about the future of Carnegie and we look forward to your participation.
Terry Stinson, Chairman
Source: Carnegie Clean Energy
Update on Murra Warra Wind Farm
On 28 May 2019, Downer EDI Limited (Downer) made an announcement in relation to the Murra Warra Wind Farm in Victoria. Downer’s partner on the project, Senvion GmbH (Senvion), had filed self-administration proceedings in Germany. Downer noted that Downer and Senvion share liability under the project jointly and severally, that work was progressing, and that Downer had initiated discussions with all key stakeholders to establish a process for securing delivery of outstanding equipment and completing the project.
Current status of the project and quantification of the financial impact
The current status of the project is:
- Downer’s balance of plant work has been completed on schedule and on budget;
- 36 of the 61 wind turbine generators have been erected with 13 already generating electricity;
- Downer has entered into agreements to secure title and possession to all equipment needed to complete the project; and
- Downer has reached agreement with Senvion for assistance in relation to the commissioning of the wind turbine generators.
Downer has now quantified the financial impact of Senvion’s insolvency. Total losses in relation to Downer’s obligation to complete the Murra Warra Wind Farm are expected to be $45 million before tax ($31.5 million after tax). This includes the cost-to-complete and contingency relating to construction, performance and liquidated damages. Downer will recognise the impact of its losses relating to the Murra Warra Wind Farm in its financial statements for the year ended 30 June 2019.
On 2 May 2019, Downer confirmed its previously stated guidance for the 2019 financial year of $352 million consolidated net profit after tax and before amortisation of acquired intangible assets before minority interests. Apart from Murra Warra, no other issues have emerged since 2 May 2019 that will negatively impact that guidance.
The Chief Executive Officer of Downer, Grant Fenn, said Downer was one of Australia’s largest and most experienced providers in the renewable energy market.
“Downer has successfully delivered 14 wind farms since 2003 and during July we completed work on the Beryl Solar Power Plant in New South Wales and the Numurkah Solar Farm in Victoria,” Mr Fenn said.
“Importantly, both these solar projects were completed profitably and in line with expectations. We have reviewed and adjusted our risk management processes, particularly around joint and several liability, following the Murra Warra experience and we remain committed to building on our leading position in renewable energy.”
1414 Degrees to progress grid scale tech for SmartFarms
- MoU signed with Nectar Farms Management Limited
- MoU signed with Ampcontrol SWG Pty Ltd
- MoU signed with BE Power Solutions Pty Ltd
1414 Degrees Limited (ASX:14D), has partnered with heavyweight technical, agribusiness and finance partners to identify and develop SmartFarm projects using its Thermal Energy Storage Solution (TESS).
Working in collaboration with integrated electrical and electronic technology provider, Ampcontrol SWG Pty Ltd, and renewable energy project developer, BE Power Solutions, 1414 Degrees is examining a range of joint project opportunities across Australia, including at a greenfield site in the Northern Adelaide Plains. That project would see the company integrating its grid scale energy storage solution, TESS-GRID, into a protected cropping farm development by east coast horticulture company, Nectar Farms Management Limited (Nectar Farms).
“Nectar Farms is in the process of establishing an $80 million advanced protected cropping SmartFarm facility in Victoria, involving 10 hectares of glasshouses and a large nursery. The business is now working with 1414 Degrees on a similar development,” said Dr Kevin Moriarty, Executive Chairman of 1414 Degrees.
“We see enormous synergy between Nectar Farms - which has a stated aim to protect the environment through clean energy, resource conservation and clever planning - and the entrepreneurial model of 1414 Degrees.
“The integration of our technologies would result in the first SmartFarm development of its kind globally, delivering another opportunity for our state to lead innovation, address energy costs and stability, and support job creation.”
On May 1, 2019, 1414 Degrees Limited signed an MoU with Ampcontrol SWG Pty Ltd and BE Power Solutions Pty Ltd to collaborate to undertake feasibility and potential developments of projects including protected cropping renewable powered glasshouse (SmartFarm) developments.
1414 Degrees Limited signed a Memorandum of Understanding (MoU) with Nectar Farms on July 27, 2019, to undertake feasibility for a protected cropping farm, SmartFarm, using TESS technology. The joint activities to be undertaken include (but are not limited to) obtaining a greater understanding of each business’ strategies; jointly approaching funding agencies and financial institutions; and engaging in product development activity, including feasibility, development and construction.
The SmartFarm project follows from the ARUP study that concluded 1414 Degrees’ thermal energy storage system (TESS) would be more economical than concentrated solar power (CSP) as a replacement for fossil fuelled advanced greenhouse farms.
BE Power is currently developing more than 300MW of renewable energy projects across grid connected solar PV, utility scale batteries, pumped hydro and biogas power disciplines. The company has extensive experience developing, financing and operating renewable energy projects.
Ampcontrol, which approached 1414 Degrees to assess the TESS technology for inclusion in the Nectar Farms project, is a global business delivering electrical, electronic and control solutions to improve safety and efficiency in mining, renewable, infrastructure and industrial applications.
Dr Moriarty said early feasibility stages of the northern Adelaide site were expected to progress during the current quarter. The site sits adjacent to a distribution substation at an SA Water site housing a generator embedded on the National Electricity Market (NEM), and the plan is to use the substation for electricity supply and generation from the TESS-GRID while providing heat to Nectar Farms.
“The Nectar Farms project presents a terrific opportunity for the potential of our technology to revolutionise the approach of Australian and international industry to energy storage and heat generation. Several other development sites in SA and Victoria will be assessed” said Dr Moriarty.
“We have been modelling the revenues to be expected from operating the TESS-GRID and our smaller TESS-IND technology on the NEM. Scenarios for energy trading range from those based on contracts for supply from an aggregator to direct exposure to wholesale pricing – and combinations of both.”
Source: 1414 Degrees
Enhancing information on new generation projects to support least-cost investment
The Australian Energy Market Commission has published a draft rule to give developers better and more up-to-date information about what new generation projects are in the pipeline. This may help businesses make better investment decisions on where to locate new generators and assess project viability.
AEMC Executive General Manager Security and Reliability Suzanne Falvi said the draft rule is a good outcome for both developers of new generation and electricity consumers.
“More than 50 gigawatts of new wind and solar projects are in development, which is roughly equivalent to the national electricity market’s entire current capacity,” said Ms Falvi.
“The smooth entry of these new generators relies on developers having up-to-date information about where and when other developers are proposing to locate generators to help avoid traffic jams in generation.
“More efficient decisions on where to invest in new generation ultimately benefits consumers by promoting reliable supply at lower costs,” Ms Falvi said.
Currently, as part of the grid connection process, developers provide transmission network businesses with key project information such as the type of generator proposed, the technology it uses, the maximum power it can generate, and the project’s timing.
The draft rule requires transmission businesses to share this information with the market operator, the Australian Energy Market Operator (AEMO).
This will enable AEMO to publish more detailed, up-to-date data on proposed and existing generators on its generation information pageon its website.
The Commission’s draft rule also extends access to key technical information to certain types of developers who are not “registered participants”. This reflects the emergence of new business models where some developers are selling generators before connecting to the grid.
AEMO, which is receiving an unprecedented volume of generation enquiries, welcomed the draft rule.
AEMO Chief System Design and Engineering Officer, Dr Alex Wonhas, said: “Australia is experiencing unprecedented transformation across the energy sector, including a large growth of new generators connecting to the grid.
“This draft rule change will further help developers access the information they need to enable prudent investment decisions to participate in our energy future,” he said.
The Commission has set out an implementation timeframe that would enable the changes to be implemented in stages by end February 2020.
Submissions to the draft determination are due by 12 September 2019.
This work is part of the AEMC’s system security and reliability action plan.
Queensland – Australia’s greatest fan of renewable energy
Australia’s soon-to-be largest wind farm is already propelling power on Queensland’s Western Downs, with almost 50 turbines now feeding energy into the National Electricity Market.
Energy Minister Dr Anthony Lynham today joined AGL to inspect the first group of towering turbines to come online, only a year after first breaking ground at Coopers Gap.
“Standing 180 meters high, with blades 67 metres long, these turbines are an impressive force equipped to harness the renewable power of Queensland’s wind,” Dr Lynham said.
“Work is well underway to get all 123 planned turbines up and running early next year, which is bringing $850 million of investment, 200 construction jobs, and up to 20 ongoing operational jobs to the region.”
The Coopers Gap Wind Farm, 250 kilometres north-west of Brisbane between Dalby and Kingaroy, has a total capacity of 453 megawatts. It is the largest wind farm by capacity in Australia with enough energy to power 264,000 Australian homes.
All that power is delivered into the electricity grid via a new 275-kilovolt substation, built and run by Queensland’s publicly-owned transmission operator Powerlink.
“The Palaszczuk Government is putting the right policies in place to help deliver large-scale renewable projects like Coopers Gap,” Dr Lynham said.
“Solar is already massive in Queensland and wind is on the rise, with two operating wind farms at Windy Hill and Mt Emerald, two under construction including here at Coopers Gap and we’ve just announced that five wind farms have been shortlisted for the final stage of the Government’s Renewables 400 program.
“We’re well on track to reach our target of 50 percent renewable energy by 2030.”
AGL General Manager Development and Construction Dave Johnson said AGL looked forward to safely completing commissioning of Australia’s largest wind farm.
“We thank and greatly appreciate the continued support and cooperation of all key stakeholders such as the Queensland Government, the Western Downs and South Burnett councils and local landowners, which have been crucial in getting to this stage,” he said.
“We greatly appreciate the support and guidance of the Australian Energy Market Operator and Powerlink Queensland to finalise the grid connection and ensure the wind farm is safely commissioned.
“A significant proportion of the investment in this project from AGL and the Powering Australian Renewables Fund has been spent with local businesses and contractors.”
Queensland has more than 2400 megawatts of large‑scale renewable energy capacity operating already. Almost 900 megawatts more of large-scale renewable capacity is currently financially committed or under construction.
Together, these projects represent more than $5 billion in capital investment and more than 4500 constructions jobs in regional Queensland.
Source: Queensland Government
Schedule for the closure of AGL plants in NSW and SA
AGL has today informed the Australian Energy Market Operator (AEMO) of the schedule for closing its Liddell power station in the Upper Hunter region of NSW and its Torrens A power station near Adelaide in South Australia to provide advance notice of the station closures in accordance with reporting requirements.
In both cases, AGL has told AEMO it has been able to confirm a schedule that will help the national energy market cope with the critical summer months.
AGL has previously indicated that Liddell would close in 2022, which after 50 years of operation will have reached the end of its technical life.
AGL has today informed AEMO that the first unit at Liddell will close in April 2022. However, following an independent engineering assessment, AGL has determined that the remaining three units will close in April 2023, supporting system reliability throughout the 2022-23 summer months.
AGL has also informed AEMO of the closure schedule for Torrens A, which is more than 50 years old. AGL had previously announced a plan to mothball two of the four units by November 2019.
However, to help mitigate generation impacts across the system following the outage of Unit 2 at Loy Yang A and to ensure that the Barker Inlet Power Station is operationally stable prior to mothballing these units, AGL is seeking permission from the State Government to continue to operate over the upcoming summer.
Under the schedule provided to AEMO, the first two Torrens A units will be closed in September 2020. A third unit will be closed in September 2021 and the final unit in September 2022.
AGL’s new 210MW gas-fired Barker Inlet power station will be operating from November 2019, providing capacity before Torrens A is retired. It is a requirement under AGL’s development approval for the Barker Inlet power station to close all four units at Torrens A in a staged and orderly approach over time.
AGL is continuing to progress a series of power firming projects in NSW including the 100MW upgrade to the Bayswater power station, assessing the feasibility of 250MW of pumped hydro at Bells Mountain and seeking approvals for a 250MW gas power station at Newcastle.
In South Australia, AGL is currently investigating the feasibility of a 250MW pumped hydro plant at Kanmantoo and earlier this year delivered the 30MW ESCRI battery on the Yorke Peninsula as part of a joint venture with Electranet.
Source: AGL Energy
ReNu Energy signs agreement with CleanPeak Energy to sell its existing solar operations
- ReNu Energy has entered into a Securities Purchase Agreement with CleanPeak Energy for the sale of the ReNu Energy subsidiaries which hold its existing solar assets and energy retail authorisation for $5.775 million less net debt.
ReNu Energy Limited (ReNu Energy) (ASX: RNE) announces that it has entered into a Securities Purchase Agreement (SPA) with CleanPeak Energy Pty Ltd (CleanPeak Energy), under which CleanPeak Energy would acquire the subsidiaries of ReNu Energy which hold its Embedded Network operations, the Amaroo Solar PV facility and the energy retail authorisation.
During the last 12 months extensive investigations have been undertaken of the potential debt and equity funding options available to the Company, including offering a significantly discounted Rights Issue to its existing shareholders in May 2019 and speaking with a wide range of potential funding parties. These activities have not been successful in securing the necessary level of funding required by the Company to continue the planned development within all areas of the existing portfolio.
As a result, the Company has been seeking alternative means to reduce operating costs and capitalise the business, and has accepted an offer from CleanPeak Energy to acquire the Company’s existing Embedded Network operations, including the energy retail authorisation, and the Amaroo Solar PV facility for a consideration of $5.775 million less net debt.
Following the completion of the transaction, ReNu Energy will continue to own and operate its bioenergy projects, undertake its Cooper Basin geothermal remediation program and review its strategic plan, whilst further reducing its overhead costs, including the size and composition of the Board, in line with its reduced asset portfolio. In this regard, Mr Anton Rohner has agreed to step down from his position as Non-Executive Director effective immediately. The Board wishes to thank Mr Rohner for his valuable contribution during his term as a non-executive director of the Company. The Board does not intend to fill his position at this time.
ReNu Energy Chairman, Steve McLean said: “In reaching our decision to enter into an agreement with CleanPeak, the Board and Management have explored and considered a number of alternatives, including seeking major equity investors and reviewing alternative proposals from other potentially interested parties. Having not been successful in raising the necessary funds required to build out our portfolio and acquire further assets to move the company into a cash flow positive position, and having assessed other alternatives before it, the Board and I believe that this transaction represents the best option to protect the long term interests of our shareholders.”
ReNu Energy CEO and Managing Director, Craig Ricato said: “This transaction represents the best opportunity for ReNu Energy to continue to grow the business, whilst also allowing it to address its geothermal exploration program remediation obligations in the Cooper Basin and repay current debt.”
Completion of the transaction is conditional on various conditions precedent including, if required, shareholder approval under the Listing Rules and regulatory change of control consents, and other customary commercial conditions in relation to material contracts, working capital and net debt requirements.
The securities purchase agreement also contains other terms and conditions which are customarily found in transactions of comparable size and type, including provisions requiring purchase price adjustments for net debt and working capital variations, customary representations and warranties (including limitations on warranty liability), a tax indemnity and non-compete arrangements for up to 2 years after completion.
Each ReNu Energy director considers the proposed transaction to be in the best interests of shareholders of the company and, if shareholder approval is required under the Listing Rules, presently intends to recommend that shareholders vote to approve the proposed transaction and to vote all shares held or controlled by them in favour of the proposed transaction, in each case except where an independent expert opines that the proposed transaction is not fair and reasonable to shareholders.
A break fee of $200,000 is payable by ReNu Energy in certain circumstances, including withdrawal of unanimous Board support (except if an independent expert opines that the transaction is not fair and reasonable to ReNu Energy shareholders) and non-satisfaction of certain closing conditions precedent including a material adverse event.
Source: ReNu Energy
1414 Degrees scoping a new sustainable power deal with Stone & Wood
- TESS-IND integration study for Stone & Wood brewery in northern New South Wales
- TESS-IND units would successively replace four LPG boilers
- Opportunity introduced under 1414 Degrees MoU with Enova Community Energy
1414 Degrees Ltd (ASX:14D) and Stone & Wood Brewing Company Pty Ltd (Stone & Wood) yesterday agreed to undertake a feasibility study for the integration of 1414 Degrees’ electrically charged Thermal Energy Storage System (TESS-IND) into the Company’s Murwillumbah brewery in northern New South Wales.
Stone & Wood is actively scoping innovative and more sustainable energy solutions, and 1414 Degrees’ TESS-IND can provide reliable heat sourced from renewables on the grid. The brewery has a daily heat demand from processing its beer and is expecting to expand production. Feasibility would identify the potential to sequentially replace or supplement existing gas boilers currently used to generate heat with a TESS-IND.
“Stone & Wood is recognised as the most successful brewing start-up in Australia. Its strong commitment to sustainability makes this is an ideal commercial location for our technology to assist in the brewery’s emissions reduction using renewable energy,” said Dr Kevin Moriarty, Executive Chairman of 1414 Degrees.
“The Stone & Wood brewery is a financially attractive site for the 10MWh TESS-IND commercial pilot, particularly when compared to our other proposed customer plants, because the displaced LPG is more valuable, and the carbon-free heat from the TESS-IND solution would significantly reduce emissions.”
The parties have agreed to collaborate on research and development of the project, including the technology and capabilities of a pilot TESS-IND on site. 1414 Degrees will now undertake a detailed feasibility study for the integration of its energy storage technology, expected to be completed by the end of the year.
“We are constantly looking for ways to reduce our impact on the environment, including ways to continue our shift towards renewables. We are excited and optimistic about the potential of the new technology that 1414 Degrees can bring, and look forward to some positive findings from the feasibility study,” said Ben Summons, Managing Director of Stone & Wood.
Enova Community Energy Ltd (Enova) introduced Stone & Wood to 1414 Degrees as an industrial heat customer under the memorandum of understanding (MoU) between the parties to investigate jointly providing energy solutions to Enova and its industrial heat customers.
“The opportunity to work with Stone & Wood and 1414 Degrees on the feasibility study for the TESS-IND is in keeping with Enova Community Energy’s commitment and vision to innovating in the energy sector. We’re delighted to be involved in this R&D project with 1414 Degrees and Stone & Wood, two organisations that are also expanding the parameters of what sustainability can and will look like,” said Felicity Stening, CEO, Enova Energy.
The joint venture with Enova would include firming renewable electricity supplied under long term power purchase agreements, using 1414 Degrees’ TESS to ensure reliable electricity and heat solutions for sale to consumers.
“1414 Degrees is excited about its partnership with Enova, which has shown great vision to work with us on developing this opportunity by identifying an ideal industrial customer,” said Dr Moriarty.
“We look forward to working closely with Enova across the coming weeks to model the financials and structure a business plan for the joint venture.”
Enova is a community-owned energy retailer operating in regional New South Wales, with plans to shortly expand to metropolitan areas within the state and other states and territories. Enova offers a range of renewable energy plans for households as well as businesses.
Source: 1414 DegreesView PDF