Enel Green Power starts construction of new 34 MW solar plant in Australia

18 April

  • Investment in the construction of the Cohuna Solar Farm amounts to over 42 million US dollars
  • The PV project, located in the State of Victoria, is expected to start operations by the end of 2019, generating up to 77 GWh per year once fully up and running

Enel’s renewable energy subsidiary, Enel Green Power Australia Pty Ltd. (“Enel Green Power Australia”), has started construction of the 34 MW[1] Cohuna Solar Farm in the Shire of Gannawarra, in the State of Victoria, approximately 8 kilometres south of the town of Cohuna. Investment in the construction of the solar facility amounts to more than 42 million US dollars.

“Since EGP made its entry into the Australian renewable sector, we have already made great strides to expand our footprint in this competitive market,” said Antonio Cammisecra, Head of Enel Green Power (“EGP”). “Cohuna’s zero-emission energy will be produced using highly efficient bifacial panels, which will maximise our support to the State of Victoria in the pursuit of its renewable energy targets.”

Cohuna is set to enter into commercial operation by the end of 2019 and is expected to generate up to 77 GWh each year, avoiding the annual emission of around 71,000 tonnes of CO2 into the atmosphere. The new solar project, which will be composed of around 87,000 bifacial modules, will be connected to the local distribution grid through the Cohuna Zone Substation.

This project is backed by a 15-year support agreement with the State of Victoria for the generation of energy and green certificates. The agreement was awarded to Enel Green Power Australia through a renewable energy reverse auction launched by Victoria in November 2017 for 650 MW of renewable capacity, of which 100 MW was earmarked for solar. The tender is part of Victoria’s Renewable Energy Target (“VRET”) to source 25% of its electricity production from renewables by 2020 and 40% by 2025.

Enel Green Power Australia, in joint venture with Dutch Infrastructure Fund (“DIF”) owns the 275 MW[2] Bungala Solar PV Project, which is located near Port Augusta, South Australia, and is the largest solar facility currently producing energy in the country.

Enel Green Power, the global renewable energy business line of the Enel Group, is dedicated to the development and operation of renewables across the world, with a presence in Europe, the Americas, Asia, Africa and Oceania. Enel Green Power is a global leader in the green energy sector with a managed capacity of over 43 GW across a generation mix that includes wind, solar, geothermal and hydropower, and is at the forefront of integrating innovative technologies into renewable power plants.

[1] Approximately 34.2 MW DC capacity, equivalent to 27.3 MW AC.

[2] More precisely, 275.4 MW DC equivalent to around 220 MW AC.

Source: Enel Green Power

 

Genex appoints UGL as preferred EPC contractor finalising project delivery team for the 50MW Jemalong Solar Project

23 April

Genex Power Limited (ASX: GNX) (Genex or Company) is pleased to provide an update in relation to the development of the 50MW Jemalong Solar Project (JSP or Project) in New South Wales.

Preferred EPC Contractor:

Following engagement with a number of leading Engineering, Procurement and Construction (EPC) contractors, Genex has appointed UGL Pty Limited (UGL) as the preferred EPC contractor for JSP.

UGL is a wholly-owned subsidiary of Australian publicly listed company CIMIC Group Limited (ASX:CIM), which is a world-leading infrastructure, mining, services and public private partnerships group.

UGL was responsible for the successful delivery of the 50MW Kidston Solar One Project (KS1), in addition to being selected as the Preferred EPC contractor for the Kidston Solar 2 Project (K2-Solar) under development (refer ASX announcement 12 December 2017).

Under an Early Contractor Involvement (ECI) arrangement, Genex and UGL will work together to finalise the EPC and Operation and Maintenance (O&M) contracts and complete the remaining development works required to reach financial close in June 2019 and commence construction in July 2019.

Project Delivery Team:

The appointment of UGL as preferred EPC Contractor finalises the strong project delivery team Genex has assembled to take the project through to completion and generation, which includes the refinancing of KS1. The delivery team is comprised of top-tier advisors, contractors and consultants who have a proven track record of project delivery in renewable energy.

Commenting on the UGL’s appointment and the finalisation of the JSP project delivery team, announcement, Chief Executive Officer of Genex, James Harding stated:

“Genex is delighted with the appointment of UGL as preferred EPC Contractor for the Jemalong Project.

Genex and UGL have shared a strong working partnership for several years, having successfully developed, constructed and commissioned the Kidston Solar One Project together. We look forward to continuing this relationship for the Jemalong Project.

We are also pleased to announce the finalisation of the project delivery team who will assist with the rapid development of the Jemalong Project. Genex has selected a top-tier project delivery consortium, with each member providing a specialised skillset supported by a solid track record of project delivery experience in the renewable energy sector. We look forward to working with all members of the delivery team as we finalise the remaining project components, including the refinancing of KS1, and look to achieve financial close in June 2019.”

Source: Genex Power

 

Investment opportunity now open across NSW and ACT - join in by 30 June 2019

23 April

The Sapphire Wind Farm community investment initiative has been extended until 30 June 2019 and has been expanded to allow all residents of NSW and ACT to participate.

If you would like to invest now, please click here to go directly to the application form.

You will need to read through the Supplementary Product Disclosure Statement (SPDS) - the formal investment document and become familiar with the investment. The SPDS sets out all the information that you require to make an informed decision about investing, including the following information;

- Overview of the Sapphire Wind Farm Community Co-Investment Fund

- Key Features of the investment

- Key terms of the Loan agreement

- Information about the Sapphire Wind Farm, CWP Renewables (the asset manager of the Wind Farm and Grassroots Renewable Energy Trust (the owner of the Wind Farm)

- Potential Risks with the investment

- Independent Due Diligence Review

- Fees and other costs

The Sapphire Wind Farm Community Co-Investment Fund is the first public investment of its kind to be offered in Australia, being a large scale renewable energy project.

Investors will receive a 6% p.a. return for approximately 10 years paid quarterly.

This investment will close by 30 June 2019. We encourage you to complete the application form and deposit your funds as soon as possible, in this way you will have established an account ready to invest in the Sapphire Wind Farm Community Co-Investment. The money will earn you an interest rate of 2.08% p.a. prior to its investment in the SWF Community Co-Investment.

Please click here to begin the application process.

For more information, you may read the FAQ by clicking here. Got any questions? Send us an email at investment@sapphirewindfarm.com.au

If you have already completed your application form, you do not need to do anything. Your money will continue to earn interest in the DomaCom Fund cash account at 2.08% p.a. When the funds are transferred into the Sapphire Community Co-Investment Fund, they will then earn 6% p.a. CWP Renewables and Partners Group have made a firm commitment that the community investment initiative will proceed with the funds received by the new closing date. Thank you for your patience as we welcome in more investors before the end of June.

Source: CWP Renewables

 

PROJECT NEWS

Moorabool Wind Farm

Goldwind Australia is pleased to announce it has safely and successfully installed the first wind turbine at Moorabool Wind Farm in Victoria. This is the first of 107 wind turbines to be installed at the project site. Congratulations to the Moorabool team and everyone involved on achieving this significant milestone. Construction of Moorabool Wind Farm commenced in 2018 and is expected to create up to 300 jobs during construction peaks on site and employ up to 20 permanent maintenance staff once the wind farm is complete. Once operational, Moorabool Wind Farm will produce clean energy to power approximately 203,500 Victorian homes.

 

Cohuna Solar Farm to commence construction

23 April

Enel Green Power Australia has commenced construction of the Cohuna Solar Farm a project developed by the Leeson Group. The 34.2MW DC Solar Farm locate in the shire of Gannawarra will use around 87,000 bifacial modules on single axis trackers and generate 77GWh of renewable electricity each year. This will reduce around 71,000 tonnes of CO2 emissions released into the atmosphere every year.

The project is one of 3 solar farms to be awarded a 15 year support agreement with the Victorian State Government through the Victorian Renewable Energy Auction Scheme. The Auction Scheme is part of the Victorian Renewable Energy Target to source 40% of the State’s electricity production from renewable sources by 2025.

Peter Leeson the Managing Director of the Leeson Group said “It has been an absolute pleasure working with the talented team at Enel Green Power. The capability of the organisation and their commitment to a clean energy future has achieved outstanding results”.

The team at Leeson Group showed incredible capability negotiating the grid connection with Powercor and AEMO and achieved outstanding results in excellent time frames.

Source: Leeson Group

 

Yarra Valley Water signs innovative energy deal

23 April

Yarra Valley Water will join 12 other leading Victorian water corporations in launching a new energy partnership that will help to minimise greenhouse gas emissions and maintain affordable water bills for customers.

From October this year, the water corporations will purchase solar power together from Kiamal Solar Farm in north-west Victoria under a new umbrella organisation called Zero Emissions Water (ZEW).

Purchasing energy as one combined entity compared to separately, means the water corporations will procure energy at a cheaper rate which will help maintain steady customer bills.

Yarra Valley Water Managing Director, Pat McCafferty said that the Victorian water industry is committed to advancing projects that benefit the environment and create more return on investment for customers.

“This deal is a smart and innovative way of doing business that will help to prevent our operating costs from increasing, so that we can maintain affordable prices for customers.

“Water security and climate change are closely linked and we are strongly committed to changing the way we operate to help reduce emissions and benefit the environment”, Mr McCafferty said.

The deal will allow Yarra Valley Water to purchase 7,000 mega watt hours of electricity per year which is 25 per cent of its total annual energy requirement.

Victorian water corporations are leading the way for other water utilities and industries, as this deal is the first of its kind in Australia and is a major step forward towards the sector achieving net-zero emissions by 2050.

Yarra Valley Water has a strong commitment to investing in projects that will drive down emissions and advance its commitment to clean energy.

The organisation’s waste to energy plant at Wollert has been operating for almost two years and has processed in excess of 34,500 tonnes of commercial waste, generating almost 7,900,000 kWh of clean energy. The plant is now producing approximately 25 per cent of Yarra Valley Water’s overall energy requirements.

The plant powers itself as well as the adjacent Aurora Sewage Treatment Plant with enough energy to transport back to the grid and power around 1500 houses a year. Planning for a second waste to energy plant is currently underway.

Another key environmental project has been Yarra Valley Water’s investment in solar panels at its Mitcham head office and its Upper Yarra, Healesville and Whittlesea treatment plants.

Yarra Valley Water aims to be 100 per cent renewable by 2025.

The 13 water corporations that are part of Zero Emissions Water include:

- Barwon Water

- Central Highlands Water

- City West Water

- Coliban Water

- East Gippsland Water

- Gippsland and Southern Rural Water

- Lower Murray Water

- South East Water

- South Gippsland Water

- Wannon Water

- Westernport Water

- Western Water

- Yarra Valley Water

Source: Yarra Valley Water

 

Have your say on Yanco Solar Farm proposal

23 April

The Department of Planning and Environment is encouraging community feedback on a proposal for a new 60 megawatt (MW) solar farm at Yanco near Leeton.

The Department’s Acting Director of Resource and Energy Assessments Nicole Brewer said the proposal is on public exhibition from 24 April until 22 May 2019. 

“Consideration of community feedback is vital to our assessment process and we’ve made it easy for people to have their say online, via our website,” Ms Brewer said.

“Alternatively, locals can visit Leeton Shire Council and Leeton Library to read a hard copy and they can post a submission to the Department.

“The proposed 60 MW solar farm and energy storage facility would be located around 1KM west of Yanco and could potentially provide energy for 22,000 homes.

“The Environmental Impact Statement (EIS) outlines any potential impacts including any noise or visual impacts, and what will be done to mitigate these issues. 

“The EIS and all associated documents are available to view on the NSW Major Projects Planning Portal,” Ms Brewer said.

“This is a great opportunity for the community and other stakeholders to get involved and have their say on the proposed development at Yanco.

“People can also sign up on the Planning Portal website for regular project updates.

“Once the exhibition closes, the Department will consider all community submissions received, along with feedback from other government agencies and councils, as part our rigorous assessment process,” she said.

Visit the website for more information and Have Your Say on the Yanco Solar Farm project by Wednesday 22 May 2019.

Source: NSW Department of Planning & Environment

 

Decmil awarded ~$79m Yandin Wind Farm balance of plant contract

▪ Second significant wind project award with leading wind energy company Vestas

▪ Includes design and construction of the civil and electrical balance of plant

▪ Current forward order book (contracted and preferred) for the 2020 and 2021 financial years stands at ~$750 million on a combined basis

Decmil Group Limited (ASX:DCG) (“Decmil” or “Company”) is pleased to announce that it has been awarded a ~$79 million contract for balance of plant works at the Yandin Wind Farm in Western Australia.

The contract will be Decmil’s second project with leading global wind energy company Vestas and follows the award of the Warradarge Wind Farm balance of plant works in early March 2019. The project will be developed by Yandin Wind Farm Pty Ltd.

Decmil’s scope includes the design and construction of the civil and electrical balance of plant for the wind farm including wind turbine bases, access tracks, site cabling, switch room and substation.

The works will commence mid-2019.

Following the award of the Plenty Road Stage 2 and Yandin Wind Farm contracts, Decmil’s forward order book (contracted and preferred) for the 2020 and 2021 financial years currently stands at ~$750 million on a combined basis.

Source: Decmil

 

ReNu Energy signs Term Sheets to acquire 2 x 5.8MW DC of solar farms in SA

Highlights

  • ReNu Energy executes Term Sheets with Astronergy Solar Australia Pty Ltd for the acquisition of 2 x 5.8MW DC solar farm developments in South Australia.
  • The projects are expected to commence generation in Q4, 2019.
  • The total cost to acquire the projects and complete construction is $17.2 million.
  • ReNu Energy and Astronergy have entered into an exclusivity period until 30 June for the purpose of completing due diligence and negotiating formal agreements.

ReNu Energy Limited (ASX:RNE) is pleased to announce the execution of two Term Sheets with Astronergy Solar Australia Pty Ltd (Astronergy) for the acquisition of two 5.8MW DC (4.95MW AC) grid connected solar farm developments in South Australia.

The solar farm developments are located near Kadina and Bungama in South Australia, and are in the final stages of obtaining all necessary development and connection approvals. It is anticipated that all project approvals will be in place by 30 June, and that construction will be completed and generation commenced in Q4, 2019.

ReNu Energy and Astronergy will work together over the exclusivity period to complete due diligence, negotiate and enter into definitive legally binding agreements, including Sale & Purchase Agreements (SPA) for each project. The completion of each project SPA will be conditional upon ReNu Energy obtaining suitable finance to acquire and construct the project, and all necessary regulatory and shareholder approvals.

Commenting on the execution of the Term Sheets, ReNu Energy CEO Craig Ricato said: “We are delighted to have the opportunity to acquire these two solar farm development projects from Astronergy. We have stated on a number of occasions that we are focused on becoming cash flow positive for the first time in the Company’s history in 2019, and we believe these projects represent a great opportunity for us to deliver on our target. Astronergy is a global leader in the solar energy industry and we are excited to be working with them to develop quality renewable energy assets in Australia.”

Dr. Lu, Chuan, the CEO of Astronergy commented: “Astronergy is actively engaged in the solar industry and the successful acquisition by ReNu Energy marks a big milestone for Astronergy in the Australian market. ReNu Energy is a professional solar business and we are very glad that our ability in project development and EPC services, along with our reliable PV module products, has gained ReNu’s recognition. Now our footprint covers Australia, Europe, Asia, Africa and North America. We would like to invest more in Australia in the future and explore more opportunities with our partners.”

Source: ReNu Energy

 

Queensland Electrical Safety Code of Practice

HSEQ Pty Ltd has evaluated the new Queensland Electrical Safety Code of Practice (COP) for the construction and operation of solar farms.

This COP will commence on the 13th May 2019.

COPs in Queensland are mandatory and must be followed.

HSEQ has identified a number of areas which we believe are very pertinent to solar farms that are already defined as a generating electricity entity as defined in the Electricity Act 1994 and the Electricity Regulation 2006.

Please note that section 5 of the COP relates to existing solar farms which have already been constructed and are in electricity generating mode.

With regards to a safety management system point of view the following are some general questions that you may be asked initially by the Electrical Safety Office Queensland if they visit your site;

- Do you have a Safety Management System?

- Do you have a site risk register?

- Do you have a site emergency plan?

-Is the electrical work being supervised by a Qualified Technical Person?

If you wish to discuss this COP further and what it means for you please contact Alan on the mobile number listed below.

Julie Grafton – Mob: +61 (0) 407 632 132

Alan Grafton - Mob: +61 (0) 409 064 820

Source: HSEQ

 

Final rule to fast-track approval processes for network investors

26 April

The AEMC has made a final rule to remove barriers so that network businesses can speed up their investments in time-critical projects.  

The final rule released today will support earlier answers being provided to network businesses which need to know if the costs of contingent projects will be recovered. This may also allow time-critical projects to progress more quickly – particularly those which have been identified as priority projects in the Australian Energy Market Operator’s Integrated System Plan.

Contingent projects are major network infrastructure assets which have been pencilled in to long-term investment plans. Contingent projects are flagged in network revenue proposals, and approved by the Australian Energy Regulator (AER) in revenue determinations. When a network business has met the requirements to request cost recovery from consumers for one of these projects, it submits a contingent project application to the AER. Currently, network businesses cannot submit a contingent project application for approval in the last 90 business days of a regulatory year.

The final rule allows transmission and distribution network businesses to submit a contingent project application at any time during a regulatory control period up until the last 90 business days of the second last  year of a regulatory control period.

Contingent project applications would continue to be prevented from being submitted in the final year of a regulatory control period, and the 90 business days before the end of the second last year of a regulatory control period. This is because there needs to be a regulatory year left in the regulatory control period for revenue to be adjusted.

The final rule does not affect whether and when a network business can recover costs from consumers for a contingent project. It brings AER consideration and approval of a contingent project forward three to four months if the application is submitted prior to the second last year of a regulatory control period. 

The final rule was made in response to a rule change request from Energy Security Board Chair, Dr Kerry Schott AO. The request followed a meeting of the COAG Energy Council in December 2018, where Ministers agreed on an approach to deliver the priority transmission projects identified in the Australian Energy Market Operator’s Integrated System Plan as soon as possible, including rule changes to streamline regulatory processes.

As the rule change request was considered non-controversial, the AEMC followed an expedited rule making process. The new rule starts on 2 May 2019.

Source: AEMO

View PDF