Cattle Hill Wind Farm local business participation program launched

13 October

Goldwind Australia has launched the Local Business Participation Program for Cattle Hill Wind Farm. The Program will be a key initiative to identify capability and capacity in the local community and maximise opportunities for local subcontractors and suppliers to participate in the project.

Developer for the project, Goldwind Australia Managing Director John Titchen, said the partnership with Aurora Energy secured the construction of the Cattle Hill Wind Farm project.

‘We’re pleased to partner with Aurora Energy who is clearly supportive of renewable energy development in Tasmania and strengthening Tasmania’s energy security,’ said John.

Under the agreement, Aurora Energy will purchase Tasmanian generated renewable energy certificates produced by the wind farm to assist in meeting its obligations, extending to 2030, under national renewable energy legislation.

Project Development Manager, Laura Jeffery said planning for the construction of up to 49 wind turbines is well underway with the launch of Local Business Participation Program.

‘We are committed to local sourcing for the project where feasible. We’ll be working closely with the main contractors and major subcontractors, once appointed, to facilitate opportunities for local subcontractors and suppliers to participate in the project,’ said Laura.

Cattle Hill Wind Farm is now listed as a project on the Industry Capability Network (ICN) Gateway. This is an independent business network providing an online tool to connect subcontractors and suppliers with projects. Businesses with an ABN can submit Expressions of Interest for over 30 different work packages ranging from fencing to civil construction of on-site roads and local accommodation providers.

Following the appointment of the main contractor, an information forum will be held to provide local businesses with additional information about the available work packages and the process of bidding for subcontracting or supply opportunities.

Construction of the project is planned to commence in January 2018, with the wind farm anticipated to create 150 people during construction and have up to 10 permanent maintenance staff when fully operational in 2019.

Source: Goldwind Australia

Link to AltEnergy database: Cattle Hill Wind Farm

 

Government blows golden opportunity by walking away from Clean Energy Target

17 October

The Federal Government’s decision to walk away from a Clean Energy Target (CET) is likely to result in a substantial slowdown in new clean energy investment, meaning power prices will keep rising and voters will continue switching off, the Clean Energy Council said today.

Clean Energy Council Chief Executive Kane Thornton said the industry was disappointed by the decision to drop the CET.

“The Clean Energy Target was the best opportunity in years to lock in the long-term bipartisan energy policy needed to encourage investment in cleaner energy while improving system reliability and pushing down power prices,” Mr Thornton said.

“We are obviously waiting to see more detail on the policy later today, but media reports today suggest the new policy would result in a substantial slowdown in levels of investment in clean energy.

Mr Thornton said any new policy must have long-term bipartisanship support to underpin investment confidence. This had remained an elusive but essential ingredient to underpin new investment in energy generation, he said.

“The effectiveness of the Renewable Energy Target is due to the broad political support it has managed to attract and retain over a long period of time,” he said.

“A company which is thinking about investing in a project worth hundreds of millions of dollars needs to have confidence the goal posts won’t be moved halfway through the game. The support of both major parties continues to be an important factor for any new policy.

“As the NSW Government has noted, the state’s old coal and gas power stations struggled to deal with the heatwaves at the beginning of the year and the focus on reliability is welcome. We believe energy storage and demand management can provide much-improved reliability at times of high stress compared to the current system, but many people will be watching the final policy settings very closely.

“As an industry we will continue to push for the effective energy policy most Australians agree is urgently needed.”

Source: Clean Energy Council

 

BMD delivers key solar infrastructure in Indigenous community

17 October

BMD, together with Conergy Australia, has successfully completed the construction of a solar facility in the remote Indigenous community of Nauiyu (Daly River) located 220 kilometres south-west of Darwin.

The Solar Energy Transformation (SETuP) program is managed by Power and Water and jointly funded by the Australian Renewable Energy Agency and the Northern Territory Government. The program aims to transform the way power is delivered to remote Indigenous communities throughout the Northern Territory by incorporating solar power to reduce reliance on diesel.

The project, which has allowed for production of clean energy to meet 50% of the community’s annual electricity needs, was completed on time, on budget and with zero lost time or recordable injuries.

BMD is experienced working in regional and remote areas, and within Aboriginal and Torres Strait Islander communities and during construction the team engaged and maintained an Indigenous workforce of 50%.

Cultural awareness training was also implemented and undertaken by 100% of project employees, demonstrating BMD’s commitment to moving towards reconciliation as outlined in our Reconciliation Action Plan released earlier this year.

Source: BMD

 

Sapphire Wind Farm community investment

Sapphire Wind Farm is the first large-scale commercial energy project looking to have a public share offer for the community to invest in a portion of the wind farm.

Community co-investment is when a community investment vehicle buys rights to a portion of the earnings of the renewable energy project but has no decision-making power or control over the operation of the asset.

Co-investment is a common method for large-scale renewables globally, including Denmark where it is legislated that every wind project must open up for local community investment.

  • the investment vehicle would likely be an unlisted public company limited by shares
  • it would be linked to the performance of the Sapphire Wind Farm as a whole (rather than an individual turbine or turbines)
  • CWP is considering a fixed floor rate of return of 5-6% for the floor and variable cap (to be determined)
  • minimum investment of $5,000, maximum has not been established
  • minimum commitment of $3M needed to proceed
  • seeking guidance on catchment area for investment (the community), prioritisation for investment will likely be based on locality
  • length of term likely to be <10 years
  • liquidity: shares would be marketed to existing members, new members, or via a share vendor site
  • the community investment vehicle could go on to invest in/own other projects in the future
  • the investment would not be linked to electricity products or prices

Expressions of interest are open until 31 October.

Source: CWP Renewables

Link to AltEnergy project database: Sapphire Wind Farm

 

New Project

University of New England Solar Farm

The University of New England has applied to the Armidale Regional Council to develop a solar farm and associated infrastructure with capital investment value of $14,200,000

The University plans to source up to half of its electricity from solar through the installation of a solar PV farm on land adjacent to the Armidale campus. It was originally announced in April 2016 as a $6.6mil, 10,000-panel project to be funded by the university and designed and constructed by Melbourne-based engineering company Aurecon.

 

National Energy Guarantee to deliver affordable, reliable electricity

17 October

The Turnbull Government will accept the recommendation of the Energy Security Board (ESB) for a new National Energy Guarantee to deliver more affordable and reliable electricity while meeting our international commitments.

As our energy system transitions, we must ensure households and businesses have access to affordable and reliable power.

The independent Energy Security Board advises the Guarantee will give certainty to investors and therefore encourage investment in all forms of power. This means electricity bills will be lower than currently forecast and lower than they would have been under a Clean Energy Target.

The Energy Security Board estimates typical household bills will fall by an average of $110-$115 per year over the 2020-2030 period.

The Guarantee is made up of two parts that will require energy retailers across the National Electricity Market to deliver reliable and lower emissions generation each year.

  • A reliability guarantee will be set to deliver the right level of dispatchable energy (from ready-to-use sources such as coal, gas, pumped hydro and batteries) needed in each state. It will be set by the Australian Energy Market Commission (AEMC) and Australian Energy Market Operator (AEMO).
  • An emissions guarantee will be set to contribute to Australia’s international commitments. The level of the guarantee will be determined by the Commonwealth and enforced by the Australian Energy Regulator (AER).

Past energy plans have subsidised some industries, punished others and slugged consumers. The Turnbull Government will take a different approach.

The National Energy Guarantee will lower electricity prices, make the system more reliable, encourage the right investment and reduce emissions without subsidies, taxes or trading schemes. It is truly technology-neutral, offering a future for investment in whatever technology the market needs - solar, wind, coal, gas, batteries or pumped storage.

Unlike previous approaches, we are not picking winners, we are levelling the playing field. Coal, gas, hydro and biomass will be rewarded for their dispatchability while wind, solar and hydro will be recognised as lower emissions technologies but will no longer be subsidised.

Importantly, this plan builds on the Finkel Review, which recommended the creation of the ESB that has now recommended the National Energy Guarantee.

The Government will now work with the ESB and the states through COAG to implement the National Energy Guarantee.

As well as delivering a better deal for households, the plan will support business, particularly emissions intensive, trade exposed firms.

The Guarantee builds on our existing energy policy which involves the retailers offering consumers a better deal, stopping the networks gaming the system, delivering more gas for Australians before it's shipped offshore and the commencement of Snowy Hydro 2.0 to stabilise the system.

We now have an opportunity to break from the climate wars of the past and forge a sensible, sustainable path forward.

Source: Federal Government

 

Kidston Solar Project (Phase One 50MW) update

18 October

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 is pleased to report that the construction of KSP1 continues to remain on-time and on-budget, for anticipated first generation in Q4 2017. Key activities since the last update (refer ASX announcement 05 September 2017) include:

  • Continued installation of solar modules across the KSP1 site;
  • Continued installation of solar pilings;
  • Continued installation of trackers;
  • Delivery and installation of main transformer;
  • Delivery and installation of inverter modules; and
  • Delivery and installation of control room.

Commenting on progress of the Company’s 50MW Solar Project, Managing Director of Genex, Michael Addison said: “Genex’s project team continues to deliver construction milestones, enabling the Project to remain on-target for first cash flow in Q4 2017. Key milestones during the reporting period include installation of the transformer, inverter modules, control room and an acceleration of panel installation and cabling.”

The Federal Government, through the Australian Renewable Energy Agency has provided $8.9 million of funding to support the construction of Genex’s Phase One 50MW Kidston Solar Project.

Source Genex Power

Link to AltEnergy project database: Kidston Solar Farm

 

 

Windlab’s Kennedy Energy Park reaches financial close

18 October

Windlab Limited (ASX: WND) today announced that Kennedy Energy Park Phase I has achieved financial close and is set for construction to begin. In achieving this milestone Windlab will receive a development fee of A$5.4 million and earn construction management fees of approximately $600,000 over the course of the construction period. Upon the project reaching commercial operations Windlab will also become entitled to asset management and site operating fees of approximately $900,000 per annum under a 20-year agreement.

Kennedy Energy Park Phase I is an innovative 43.2MW Wind, 15MW Solar and 2MW Li Ion battery storage hybrid project located near Hughenden in far North Queensland. The site was identified and developed by Windlab Limited and is now owned by Kennedy Energy Park Holdings Pty Ltd, a 50/50 joint venture between Windlab with Eurus Energy Holdings Corporation of Japan. Windlab will re-invest its development fee along with approximately $23.5 million in IPO proceeds to maintain its current 50% equity interest in the project.

The project will use twelve Vestas V136 3.6MW turbines at a hub height of 132metres and 56,000 Jinko solar panels on a single axis tracking mount. The Li Ion storage will be provided by Tesla. The project will be constructed under a joint construction contract managed by Vestas and Quanta.

The Clean Energy Finance Corporation (CEFC) will provide $93.5 million of debt finance to the project on a long tenor basis which will be non-recourse to Windlab. The Australian Renewable Energy Agency (ARENA) will also provide $18 million in the form of a sub-ordinated refundable grant.

The project will take a little over 12 months to construct and is expected to be fully operational before the end of 2018.

“With the achievement of this important project milestone we will comfortably meet our prospectus revenue forecast for calendar year 2017.” stated Roger Price, Windlab’s Chairman and Chief Executive Officer. “We now look forward to working with all our project partners to complete the construction of this industry leading hybrid project and see it serve as a catalyst for the much larger Kennedy Phase II.”

Source: Windlab

 

Merredin Solar Farm generation licence application

18 October

An application has been made for a electricity generation licence for the planned 100MW Merredin Solar Farm south of the town of Merredin, 260km east of Perth in WA.

The licence applicant is Merredin Solar Farm Nominee Pty Limited, owned 50% by Ingenious Australian Solar Ltd (IASL), 25% by Muick Pty Ltd atf Santen Family Trust (Muick) and 25% by Nomad Renewable Energy Ltd (NRE).

The site has been selected due to its proximity to the network Point of Connection (POC) at Merredin Terminal Substation and does not require 3rd party wayleaves/easements to connect to the SWIS. The existing Western Power substation is located North-West of the site, allowing for a direct and dedicated connection onto the transmission network at a connection voltage of 220kV. The site is relatively flat, rural land and receives strong consistent solar irradiance, making it an ideal location. The project has a minimum life of 25 years; however, an Option/Lease Agreement has been entered into for 30 years.

The MSF will consist of approximately 406,000 solar PV modules (325Wp polysilicon) covering an area of 360 hectares, with an expected output of approximately 278GWh of electricity per annum.

The overall capital expenditure includes both the work to build and commission the solar farm governed by the EPC contract, and the grid connection works governed under the ETAC/IWC contract with Western Power. The total expected capital expenditure is circa $160m.

Planning permission for the project was granted in June 2017 with the ETAC/IWC anticipated to be signed during the course of Q4 2017. MSFN will appoint an EPC Contractor to carry out the construction works.

Currently an ECI contract is in place with RCR O’Donnell Griffin to support the design of the solar farm and the connection to the SWIS. Construction is forecast to commence on site in June 2018 and is anticipated to take 9 months. MSF is intended to be operational by the end of March 2019.

MSF will be a renewable electricity generator in the Wholesale Electricity Market (WEM) supplying electricity under a combination of commercial Power Purchase Agreements (PPA) with Western Australian electricity suppliers and if required dispatch power into the WEM balancing market.

Source: Merredin Solar Farm Nominee

Link to AltEnergy project database: Merredin Solar Farm

 

Windlab and Vestas partner on the world’s first utility-scale hybrid integrating wind, solar and storage

19 Oct

A partnership between renewable energy industry leaders has announced the final details of a project that will help accelerate the transition to an energy mix led by renewable energy and aim to provide even more reliable and consistent renewable energy production adapted to energy demand and grid requirements.

Developed by Australia’s international renewable energy company, Windlab, with support from Vestas, the global leader in sustainable energy solutions, the innovative 60.2 MW Kennedy Energy Park phase I is the world’s first utility-scale, on-grid wind, solar and battery energy storage project. Designed to supply consistent and reliable renewable electricity that can help meet power demand in Australia, Kennedy Phase I can also shape a path forward for how Australia and other countries can integrate more renewable energy into their energy mix and address grid stability challenges that have been a traditional restraint to greater uptake of renewable energy.

The project is located in Flinders Shire in central north Queensland, Australia, which is blessed with world-class wind and solar resources. Kennedy Phase I will feature 43.2 MW of Vestas’ V136-3.6 MW wind turbines, 15 MW of solar and 2 MW/4 MWh Li Ion battery storage, all managed by a Vestas customised control system that will operate the hybrid power plant.

In order to support further hybrid projects in Australia, Windlab, with Vestas, will share the knowledge and experience from building and operating Kennedy Phase I through the Australian Renewable Energy Agency.

“Kennedy Phase I is a first of its kind of project in Australia and it will lead the nation in the deployment of innovative, high reliability renewable energy capable of closely matching network power demand,” Windlab CEO Roger Price said. “We have a great working relationship with Vestas, whose products and service capabilities were instrumental in managing challenging grid connections and compliance, and develop a competitive cost of energy.”

Through the complimentary combination of wind and solar energy, Kennedy Phase I can deliver a more constant and demand-driven energy production and increased capacity factor. The Vestas control system will provide the capability for wind and solar to work together as an integrated power plant and comply with grid requirements.

“We are grateful for the opportunity to join Windlab on this project, which places Vestas at the forefront of sustainable energy solutions and is a testament to how we are providing solutions that make renewable energy more cost-competitive and grid compliant. With 35 years of experience in meeting complex grid requirements and developing advanced power plant controllers, Vestas has the foundation to also lead the way in hybrid solutions,” said Johnny Thomsen, Senior Vice President, Product Management for Vestas.

“Hybrid solutions combining wind, solar and storage hold a huge potential for Australia. Kennedy Phase I has the potential to leverage Australia’s abundant renewable energy resources and be a giant leap forward for the country in reaping those resources while ensuring a consistent and reliable electricity supply. Kennedy shows that Vestas, together with visionary partners like Windlab, can provide the solutions,” said Clive Turton, President of Vestas Asia Pacific.

Vestas will also provide a 15-year Active Output Management 4000 (AOM 4000) service agreement, which includes a full-scope service package for the wind turbines as well as scheduled maintenance for the solar panels, battery storage and electrical systems.

A consortium between Vestas and Quanta Services will deliver the engineering, procurement and construction of the project, which is expected to be in operation by the end of 2018.

This project is planned to be the first phase of Windlab’s larger 1,200 MW Kennedy Energy Park, which seeks to deliver significant benefits to north Queensland and Australia in reduced emissions and sustainable energy generation.

Source: Vestas

Link to AltEnergy project database: Kennedy Energy Park

 

Kidston Pumped Storage Hydro – technical feasibility study optimisation

20 October

HIGHLIGHTS

  • Completion of optimisation study for K2-Hydro project
  • Optimised for 8 hours of continuous generation capability at 250MW for over 2,000MWh of energy storage (+25%)
  • Adoption of variable speed turbines for significant operational and ancillary market benefits
  • Construction timeframe reduced by up to 6 months
  • Clear pathway to Financial Close in 2018

Genex Power Limited (ASX: GNX) (Genex or Company) is pleased to provide an update in relation to the 250MW Kidston Stage 2 Pumped Storage Hydro (K2-Hydro) project at Kidston, North Queensland. The K2-Hydro project is part of the overall Kidston Stage 2 (K2) project, which includes a co-located 270MW solar PV project (K2-Solar).

Genex completed a technical feasibility study for the K2-Hydro project in November 2016 (TFS) which was managed by specialist power and water consulting firm, Entura, in conjunction with project partner, HydroChina. The TFS concluded that the K2-Hydro project was technically feasible, and that all the key risks identified would be appropriately addressed through detailed design augmentation and optimisation.

Genex has recently been working with Mott MacDonald, a global engineering firm which has specialist skills in hydropower including pumped storage hydro projects, on the optimisation of the K2-Hydro project design (TFS Optimisation). The optimisation process focused on taking into account recent shifts in the energy market dynamics as well as feedback from potential energy offtake parties.

TFS Optimisation Design Changes

Following a detailed review of the studies undertaken to date, it was concluded that an augmented design utilising the two existing mine pits as the upper (Wises pit) and lower (Eldridge pit) reservoirs, was the optimal choice for 250MW of installed capacity, in place of the Turkey’s Nest design under the TFS. The rationale for the deletion of the Turkey’s Nest design was as follows:

  • The Turkey’s Nest design proposed as part of the TFS was premised upon a larger storage requirement, given the initial preferred project configuration of 450MW for 5 hours;
  • Given the optimised design of 250MW, the Wises pit can now be utilised as the upper reservoir for lower capital cost; and
  • With minor excavation and dam works, the TFS Optimisation design provides for a channel connecting the modified Wises pit to the existing proposed location for the underground power station cavern, which was subject to detailed drilling and geotechnical studies as part of the original TFS.

In addition to the deletion of the Turkey’s Nest design, the TFS Optimisation determined several other key changes to the original TFS design as follows:

  • Increased upper reservoir volume from 6 hours to over 8 hours of continuous generation;
  • Proposed adoption of variable speed pump-generator turbines which provide significant operational flexibility, including:

o Fast generation ramping via speed adjustment;

o The ability to better match the hydro pumping profile to generation from the co-located K2-Solar project;

o Better pumping efficiency across the head range; and

o Overall suitability in the ancillary service market with increased operation flexibility;

  • Reduced excavation and civil works requirements; and
  • Construction estimated to take less than 3 years.

The TFS Optimisation concluded that the K2-Hydro project was feasible based on a capital cost estimate of approximately $330 million (including contingency). Following completion of the TFS Optimisation, Genex is now focused on confirming the final capital cost estimates for the K2-Hydro project via an early contractor involvement (ECI) process. This process will involve the appointment of a preferred EPC contractor, who will work with Genex and its advisers to complete the final design optimisation and the full EPC and O&M contracting process for the K2-Hydro project. Genex will provide further updates on the ECI selection process in due course.

Project Financing and Energy Partner Update

The K2-Hydro scheme was optimised based on an assessment of future energy market price forecasts, capacity requirements and direct engagement with potential energy partners.

It is clear that the National Electricity Market is undergoing a rapid shift from a traditional baseload dominant market to a new dynamic where dispatchability and storage of renewable energy will underpin future generation. In such a system, the role of large-scale economic energy storage becomes increasingly relevant. The updated design will enable energy off-takers to take full advantage of the flexibility offered by the integrated project and, in doing so, allow Genex to extract maximum value from the offtake arrangements.

Based on positive engagement with energy offtake and project finance parties to date, including the Northern Australia Infrastructure Facility (refer to ASX Announcement dated 12 July 2017), Genex believes it has a clear pathway to Financial Close in 2018.

Genex Power Managing Director Michael Addison said:

“We are pleased to provide an update on the K2-Hydro optimisation, which is the culmination of months of work alongside our advisers. The optimisation study outcomes have been developed in response to direct feedback from potential energy partners amid the ongoing backdrop of the national debate on Energy Policy, and the importance of ensuring dispatchability of renewable energy via energy storage.

The Kidston renewable energy hub is currently the most advanced, lowest cost, large-scale energy storage project in the country. Energy storage is likely to play a critical role in future energy development and Genex is well placed to benefit from these dynamics.

We look forward to providing further updates to the market as we advance the K2 project toward financial close, targeted in 2018.”

The Federal Government, through the Australian Renewable Energy Agency has continued to support the K2-Hydro project through the TFS and TFS Optimisation programs. To date, Genex has drawn down a total of approximately $2.85 million of its $4.0 million ARENA funding facility in relation to the project.

Source: Genex Power

Link to AltEnergy project database: Kidston Hydro

 

Burdekin Hydro plans powering ahead

20 October

A hydro-electric power station on the state’s largest dam – Burdekin Falls Dam – to secure energy and support jobs for North Queensland moved a step closer today.

Minister for Energy, Biofuels and Water Supply Mark Bailey said a prefeasibility study had now been completed by Stanwell.

“The study confirmed there are no fatal flaws in the concept and that the proposed project would be commercial and deliver a positive contribution to the State,” Mr Bailey said.

“It also confirmed that a Burdekin Falls Hydro Power Station could be built on the existing dam without impacting the water releases from the dam and with minimal environmental impact.

“Stanwell, which owns and operates several hydro-electric power stations across Queensland, will now prepare a detailed business case for the construction and operation of the hydro-electric power station to be completed by July 2018.

“Subject to outcomes of the business case, construction would commence in 2020.”

Minister Assisting the Premier on North Queensland Coralee O’Rourke said the announcement would be warmly welcomed by many in North Queensland, and followed on from the release of the Powering North Queensland Plan in June.

“Actions under the plan include $100 million reinvestment of Stanwell dividends to help fund the proposed hydro-electric power station subject to feasibility investigations,” Mrs O’Rourke said.

“We know people in the North are really concerned about power prices. An important part in stabilising prices is making sure we invest in local, North Queensland infrastructure.

“Hydro-electric generation has an important part to play in Queensland’s future energy mix and the project has the potential to contribute to the security of Queensland’s electricity supply, while also helping to transition to a lower carbon energy market.”

Member for Townsville Scott Stewart said the Palaszczuk Government’s contribution to funding a hydro-electric power station on Burdekin Falls Dam is evidence of our ongoing investment in the energy future of North Queensland.

“We’re 100 per cent committed to investing in regional communities, renewable energy and jobs,” Mr Stewart said.

Member for Thuringowa Aaron Harper said through our powering North Queensland Plan, we will not only deliver investment and jobs to North Queensland, but will also help to secure energy supply and drive down energy costs for consumers.

“Hydro-electric power stations not only produce much needed clean, green energy, but they also have twice the life span of coal fired power stations,” Mr Harper said.

Mr Bailey said $386 million had been set aside to strengthen and diversify power and water assets in North Queensland under the Powering North Queensland Plan.

Actions include:

  • $150 million reinvestment of Powerlink dividends for the development of strategic transmission infrastructure to support a clean energy hub, with up to 1000 jobs for Powerlink construction of infrastructure, in addition to the approximately 3600 jobs that will be created in the development of the three proposed renewable energy projects along the transmission line;
  • $100 million reinvestment of Stanwell dividends to help fund the proposed hydro-electric power station at Burdekin Falls Dam. Subject to feasibility investigations and other dam construction works, project construction will be targeted to commence from 2020, and support up to 200 jobs;
  • $100 million equity injection and reinvestment of dividends towards improvement works to ensure that the Burdekin Falls Dam continues to meet design standards, which is estimated to support around 250 jobs, and will support the proposed hydro-electric power station; and
  • commissioning a hydro-electric study to assess options for deploying new hydro in the state, including North Queensland.

“Pending a feasibility study, we will be investing $150 million to establish a Clean Energy Hub to develop strategic transmission infrastructure in North and North-west Queensland to potentially connect multi-faceted renewable projects,” he said.

“We are pumping $100 million into the improvement of works at the Burdekin Falls Dam and another $100 million to help fund a hydro facility at the dam subject to a business case.

“This investment of dividends is part of Queensland’s Powering Queensland Plan to drive down energy costs and secure electricity and water supply.

“The Palaszczuk Government is 100% committed to adopting the cheapest and most efficient forms of energy generation to lower power bills and to continuing to use public ownership to back consumers and that is through renewables, not a new old-tech coal-fired power station like the LNP want to build.”

Source: Queensland Government

Link to AltEnergy project database: Burdekin Falls Hydro

 

Victorian Government hits the mark for jobs and investment with renewable energy target

20 October

The Clean Energy Council has congratulated the Victorian Government on successfully introducing its state renewable energy target in Parliament today, a policy which will provide major regional job and economic opportunities.

Clean Energy Council Chief Executive Kane Thornton said the Victorian Renewable Energy Target (VRET) legislation will provide major investment opportunities for the state into the next decade.

“The Victorian Government has clearly demonstrated its commitment to unlocking the jobs of the future for residents of the state. The VRET provides a green light for our industry to deliver cheap, clean and reliable energy for all Victorians," Mr Thornton said.

“The easiest way to reduce power prices is through clear policy and more power generation. The VRET delivers on both these fronts and the Victorian Renewable Energy Auction Scheme will kick off in just a few weeks to deliver up to 650 MW of new renewable energy projects.

“The VRET promises to deliver 25 per cent of the state’s power from renewable energy by 2020, rising to 40 per cent by 2025.

“This is the culmination of a massive amount of work by Victorian Premier Daniel Andrews, Energy Minister Lily D’Ambrosio and many Ministers, stakeholders and public servants. It is my pleasure to offer my congratulations on this significant achievement.”

Source: Clean Energy Council

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