Vivopower International PLC Announces US JV for 1.8 GW solar portfolio
Arowana International Limited (ASX: AWN) is pleased to note the announcement by its 60% subsidiary, VivoPower International PLC, of a significant joint venture for 1.8 GW of solar projects in North America.
AWN’s CEO, Mr Kevin Chin commented, “It was only 18 months ago that VivoPower first secured an initial qualified pipeline in the US of approximately 120MW, of which 90MW in North Carolina was subsequently consummated under its BTO (build, transfer, operate) model.
It is pleasing to see that the VivoPower team, following extensive project by project due diligence, has now been able to secure a diversified, high quality and qualified pipeline of solar projects across the United States that will underpin its strong growth outlook for the next several years. Outside of the US, the VivoPower team are also working on projects in Australia, Asia, South America and the United Kingdom.”
Source: Arowana International
Lower Wonga Solar Farm
- Solar PV nominal 350MW(ac)
- 30 minutes NE of Gympie on the Wide Bay HWY
- Located on 572 hectares,
- Adjacent to High Voltage Substation located in Lower Wonga
- Proposed site is on cleared grazing land
- Around 60 hectares allocated for transmission line easements
- Close to SE Qld domestic consumption
- Close proximity to labour markets and transportation corridors.
- Create approximately 450 full time jobs over an 18 months construction phase
- Create 6 to 8 fulltime jobs with higher levels of employment during servicing periods
- Produce the lowest cost /mw electricity from around 1,300,000 panels
- Generate approximately 735,000MWh/an, supplying 127,000 homes, or 3% of SEQ energy demand
- Reduce carbon emissions of around 666,700 tonnes of CO2, or equivalent of 180,000 cars
Ararat wind farm now producing clean power: ACT on track to deliver 100% renewable energy by 2020
Seventy-five turbines at the Ararat wind farm in Victoria are now feeding renewable electricity into the national grid as part of the ACT’s 100% renewable electricity target, Minister for Climate Change and Sustainability Shane Rattenbury said today.
“The farm will generate about 272,000 megawatt-hours of clean, renewable electricity each year which is enough to power around 37,000 Canberra homes and ensure we are well on the way to achieving our 100% renewable electricity target,” Mr Rattenbury said.
The Ararat Wind Farm is the sixth large-scale renewable electricity generator to begin output supported by ACT feed-in tariffs. Once all six are generating the ACT will be sourcing 50% of its electricity from renewable sources.
“Once again the ACT is leading the way by reaching key milestones as we progress towards our ambitious renewable energy targets, and showing the Federal Government how to deliver on a clean energy future.”
After bidding in the ACT’s first Wind Auction in 2015, the Ararat Wind Farm signed an agreement with the ACT guaranteeing the purchase of approximately 40% of the electricity produced at the site.
“The ACT’s agreement with the Ararat Wind Farm provided certainty for investors and enabled construction to commence in late 2015.
Next year the Sapphire, Hornsdale Stage 2 and Crookwell 2 wind farms will begin generation. In 2019, the Hornsdale Stage 3 wind farm will see us reach this target.
“Together, these four farms will produce enough power to achieve 100% of our power from renewables by 2020.
This is good news for consumers as well as climate change mitigation, as the ACT Government has locked-in a set price for the renewable electricity produced by 10 wind and solar projects, including Ararat, for the next 20 years. If the generators make more money than the set price for the electricity they sell into the national electricity market, they pay the difference back to the ACT. This is a way of providing long term certainty to ACT electricity consumers and helping insulate them from further wholesale price rises into the future,” Mr Rattenbury said.
The Ararat Wind farm has been developed by RES Australia and will be operated and managed by ACT wind company Windlab.
Source: ACT government
Mt Gellibrand Wind Farm construction underway
Construction of the Mt Gellibrand wind farm began today, a project that will generate electricity to power more than 60,000 households.
The new 132MW windfarm, located 17km west of Winchelsea, is the result of the first round of successful tenderers in the Andrews Labor Government’s Renewable Certificate Purchasing Initiative (RCPI).
This will bring forward capital investment of around $258 million in the Mt Gellibrand Wind Farm.
The other wind farm being supported by the RCPI is the 30MW Kiata Windfarm which is already under construction northwest of Horsham.
The purchase of certificates directly from these two wind farms will create around 200 construction jobs.
Construction of the Mt Gellibrand wind farm is due to be completed by mid-2018.
In addition to this initiative, the Labor Government has set Victorian renewable energy generation targets of 25 per cent by 2020 and 40 per cent by 2025.
Source: Victorian government
$18m capital raise completes three times oversubscribed
Carnegie Clean Energy Limited (ASX: CCE) is pleased to announce the successful completion of a scaled back $18m capital raise to be used to fund its equity share of the 10MW Northam Solar Project, as well as to support Carnegie’s solar and microgrid project pipeline development and delivery.
Carnegie previously announced on 22 March 2017 that it had initiated a $6 million capital raise via a Share Purchase Plan (SPP) with capacity to accept oversubscriptions. In accordance with the offer documents and in response to the overwhelming subscription demand, Carnegie’s Board of Directors decided to accept over-subscriptions of approximately $9 million to enable a wider base of the existing shareholders to participate in the SPP and a further $3 million of commitments through a private placement.
In accordance with section 708 of the Corporations Act 2001, the private placement was undertaken with a select group of investors, the majority of whom are existing Carnegie shareholders, on the same terms as the Share Purchase Plan. Commitments in excess of $3 million for the private placement were received and a scale back process was undertaken. Settlement of the total $18 million in funds and issue of shares will occur over the next 10 days.
Carnegie's Managing Director and CEO, Dr Michael Ottaviano, said:
"This exceptional response to our capital raise is a clear indication of the support of our shareholders for the expansion of our business into solar, battery storage and microgrids. The capital raised will allow us to accelerate our plans to grow the business rapidly across Australia and the region."
Source: Carnegie Clean Energy
Kidston Solar Project (phase one 50MW) update
Genex Power Limited (ASX: GNX) (Genex or Company) is pleased to advise that the construction program for Phase One 50MW Kidston Solar Project (KSP1 or Project) remains on track. Key activities since the last update on 15 March 2017 include:
- Site clearing more than 50% complete
- Construction site facilities installed
- Ergon substation at Kidston civil works completed
- Access road construction underway
- Earthworks underway for the solar farm substation and O&M platform
- Laydown area for materials storage and component assembly 70% complete
- Order placed for the main transformer for the solar farm substation.
The Project remains on budget and on track for First Generation in Q4 2017 and Practical Completion in Q1 2018.
Commenting, Managing Director of Genex Power Michael Addison said, “activity on site continues to ramp up with the construction program well underway. Genex remains very focused on delivering the project on time and on budget. The outlook for wholesale electricity and Large-scale Generation Certificates (LGCs) remains very strong which has the potential to deliver strong early 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 Kidston Solar Farm.
Source: Genex Power
New Tasmanian pumped hydro
The Turnbull and Hodgman Governments will begin expanding the Tasmanian Hydro System to provide affordable, reliable electricity as we transition to a lower emissions future.
The Australian Renewable Energy Agency (ARENA) will work with Hydro Tasmania on feasibility studies to assess several new pumped hydro energy storage schemes that could deliver up to 2,500MW of storage capacity for the National Electricity Market, as well as examining expansion of the Tarraleah and Gordon Power Stations.
ARENA will examine four large projects: Mersey Forth-1, Mersey Forth-2, Great Lake and Lake Burbury - with capacity of around 500-700 MW each - and an alternative of nine small scale sites totalling 500MW.
Prime Minister Malcolm Turnbull said an expanded hydro system in Tasmania could provide enough electricity to power 500,000 homes. Federal Environment and Energy Minister Josh Frydenberg and his Tasmanian counterpart Matthew Groom will continue to work on the project.
The proposed expansion comes on the back of plans for Snowy 2.0 and supports the Turnbull Government’s technology neutral approach to affordable, reliable electricity.
Enhancing Tasmania’s considerable hydroelectric and renewables potential will provide new economic opportunities.
Pumped hydro can further stabilise the National Electricity Market and underpin additional wind investment in the State.
Tasmanian Premier Will Hodgman said the opportunity to expand the hydro system is enhanced by the fact that over the next 10 years Tasmania will invest around $1 billion in maintaining and refurbishing the State's existing hydropower assets.
This will maximise renewable energy potential in Tasmania helping the national electricity market transition to a low carbon future. The Hodgman Government’s vision is for Tasmania to become the renewable energy battery for Australia and it will continue to actively promote further renewable energy opportunities in Tasmania.
The ARENA supported work builds on the study by Dr John Tamblyn, released today, into a second interconnector. Dr Tamblyn’s report finds another interconnector might be beneficial, but will depend on the ongoing development of the electricity system in Tasmania and the National Electricity Market.
After taking into account all these changes, the Tasmanian Government will consider the recommendation to accelerate a detailed business case for a second interconnector.
Source: Federal Government
Renewable energy to light up Gladstone
Expressions of interest are now being sought from the renewable energy industry to transform a 1,248 hectare site near Gladstone.
In releasing the EOI documents, Deputy Premier and Minister for Infrastructure and Planning Jackie Trad said the project has the potential to generate an immense amount of energy, not only for the Gladstone region, but for the entire State.
“The Palaszczuk Government knows that renewable energy is incredibly important to the economic future of Queensland and this project will be an integral part of this,” Ms Trad said.
“This land at Aldoga is equivalent to 160 Suncorp Stadiums and could potentially generate power for up to 130,000 homes.
“Solar, wind or biofuel renewable energies are all possible for this project and we are asking the industry to tell us their ideas for this site.”
The state currently has 719MW of large scale renewable energy, with a further pipeline of 1,042MW in committed projects and over 3,000MW more on the drawing board.
Minister for Energy Mark Bailey said the largely flat site is an attractive proposition given its close proximity to a cost effective high-voltage network.
“It has the potential to support 450MW of renewable energy and is located adjacent to Powerlink’s Larcom Creek substation which means we have the ability to connect the project straight into the grid,” Mr Bailey said.
“The substantial scale of this project will also contribute to the Palaszczuk Government’s target of achieving 50% renewable energy by 2030.”
Member for Gladstone Glenn Butcher welcomed the government’s green light for the project.
“With this significant project we can put the region on the renewable energy map, creating economic uplift and local jobs,” Mr Butcher said.
“Already there is strong interest from the energy industry with 60 people taking part in an industry sounding forum.”
The Aldoga site will be Economic Development Queensland’s flagship renewable energy project and is part of the Queensland Government’s Advancing Our Cities and Regions Strategy which aims to renew and repurpose underutilised state land to generate jobs, and drive economic growth. The expressions of interest will close on 24 May 2017.
Further details are available at: www.dilgp.qld.gov.au/aldoga.
Source: Queensland Government
Expanded role for hydro in energy transformation
A successful expansion of Tasmania’s huge hydro capacity has the potential to increase the country’s energy storage and support new renewables like wind and solar, the Clean Energy Council said following an announcement by the Prime Minister and Tasmanian Premier today.
Clean Energy Council Chief Executive Kane Thornton said hydro power could play a key role in the transition of Australia’s energy sector to one that is smarter and cleaner.
“Better interconnection between the different regions of Australia’s electricity system would make it more flexible and resilient, and take advantage of the biggest energy storage system in the country,” Mr Thornton said.
“Hydro power has a long and impressive history of delivering energy to Australia and meeting peak demand, currently delivering about 7 per cent of Australia’s power each year.
“Clearly there is a lot that can be done to maximize our existing hydro power as well as expand its use. A feasibility study of these options is important and should include the various costs and benefits, the economics and environmental issues.”
The Turnbull Government has announced a feasibility study into the potential upgrade and expansion of the hydro power system in Tasmania, including up to 2500 MW of new hydro generation.
Mr Thornton said the role of hydro power is becoming increasingly valuable, particularly as the cost of gas continues to rise and its role in electricity generation diminishes.
“Renewable energy is now the lowest-cost form of energy it is possible to build in Australia today.
A balanced approach incorporating hydro, renewable energy such as solar and wind and other forms of grid-scale storage makes a lot of sense,” he said.
“A long-term energy policy and strategy is becoming increasingly important to ensure our energy system remains fit for purpose and these solutions are implemented long into the future.
“Collaboration between the state and federal governments is essential to deliver national energy policy and work towards major reform of the electricity market to unlock the technologies and solutions of the future.”
Source: Clean Energy Council
Re-deployable solar taps into regional Australia
The Turnbull Government is providing $2.1 million through Australian Renewable Energy Agency to support the deployment of a 1MW movable solar farm, at Maitland, in the Lower Hunter Valley of New South Wales.
SunSHIFT, developed by Laing O'Rourke, is a re-deployable solar technology that can be easily packed up and moved to accommodate short-term energy needs.
The demonstration will show than SunSHIFT can be deployed at scale and cost and can be packed up and redeployed at a competitive cost.
The hybrid solar technology is expected to be used primarily at off-grid locations providing a power solution at remote facilities, such as mines or construction sites, with short operating lives.
The technology could also have applications for emergency power in disaster relief situations.
The all-in-one system comprises solar PV and power management technology. Its off-site construction and rapid pack-up and pack-down design allows for future expansion, rearrangement and removal at multiple, successive sites.
This innovation means several locations can benefit from a single plant, without any one site needing to commit to a permanent installation.
Renewable energy saves on expensive diesel generators and the cost, danger, and weather invariability involved in transporting fuels long distances.
The re-deployable technology started out as an idea to reduce diesel fuel consumption for power generation at remote construction sites and has now evolved into an entirely new type of power generation asset ready for uptake in the temporary power market.
This project is a great example of a flexible capacity solution, alleviating the problems associated with supplying power in regional areas at fringe-of-grid locations.
The Coalition Government, through the ARENA has supported the $4.2 million project since its first feasibility study was proposed in 2014.
Source: Federal Government
Substation works commence to help deliver one of Australia’s largest solar farms
Powerlink has commenced work to expand its Clare South substation to help deliver one of Australia’s largest solar farms.
The Clare Solar Farm near Ayr will generate 100 megawatts (MW) of renewable energy when complete.
Energy Minister Mark Bailey said project owners Fotowatio Renewables Ventures (FRV) were on track to deliver the project by late 2017.
“The Clare Solar Farm will not only create another renewable energy source for Queensland but also generate 200 jobs during construction and operation phases,” Minister Bailey said.
“These projects provide testimony to the investor confidence in Queensland’s renewable energy credentials.
“The start of work to establish the all-important connection point into Powerlink’s existing substation at Clare is a key milestone for the project and is another step towards reaching our 50 per cent by 2030 renewable energy target.”
Minister Assisting the Premier on North Queensland Coralee O’Rourke said the Clare Solar Farm was part of the large scale renewable energy boom in Queensland kick-started by the Palaszczuk Government.
“The Clare Solar Farm near Ayr will be one of the largest in the country and bring even more renewable energy to the North’s electricity grid while creating much-needed local jobs,” Ms O’Rourke said.
Powerlink Chief Executive Merryn York said the work involved extending the Clare South Substation by adding a new substation bay.
“We are expanding our substation to connect FRV’s solar farm to our 1,700 kilometre transmission network,” Ms York said.
“Connection works are expected to be complete by August this year. This is a tight timeframe but we have the experience and technical know-how to deliver on this commitment.
“We are working with a number of solar and wind customers across the state to provide them with certainty and solutions for their projects and to enable large scale renewable generation.
“Powerlink has Australia’s most experienced transmission network connection team, having delivered more network connections on a commercial basis than any other transmission company across the country.”
Source: Queensland GovernmentView PDF