Project Update Week ending 26 July 2019

Numurkah Solar Farm begins full scale commercial operations 19 July Downer has completed work on the 128MW Downer’s Executive General Manager for (Numurkah), located Renewables and Power Systems, Lena Parker, approximately 220 kilometres north of said, “We are proud to have partnered with Melbourne. Neoen. It has been a massive collaborative effort with all of our partners to deliver this The Numurkah Solar Farm is owned and solar farm which will provide significant operated by Neoen, one of the world’s environmental and economic benefits for the leading and fastest growing independent community.” producers of exclusively renewable energy. The site was officially opened today at an For more information on the Numurkah Solar inauguration event by The Hon. Lily Farm Project, please visit: D’Ambrosio, Victorian Minister for Energy, https://numurkahsolarfarm.com.au/ Environment and Climate Change. Source: Downer Located on the Goulburn Valley Highway in northern Victoria, the $198 million Neoen- owned and developed 128MW solar farm is PROJECT NEWS the largest in the state. Pallamana Solar Farm RES Australia has received state government The site holds 373,839 individual solar panels planning consent for its proposed Pallamana and spans 515 hectares across seven parcels Solar Farm near Murray Bridge in South of land. Australia. The project will have a total capacity of up to 176 MW via ~690,000 solar The facility will produce 255 GWh of emission- panels mounted on single axis tracker free, clean, competitive renewable energy per structures, ancillary structures (including annum to help power the Melbourne tram inverters, transformers, underground cabling network, Laverton Steelworks and over and security fencing) and a 66 MW (140 48,000 Victorian households – this output is MWh) Lithium Ion battery facility and ancillary equivalent to taking 77,000 cars off the road structures (including inverters and each year. transformers). A 132kV overhead transmission line will connect to an existing substation. The Numurkah Solar Farm showcases the

Victorian Government’s commitment to the renewable energy transition and highlights the vast employment opportunities renewable energy developments bring to regional communities across Australia.

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Australia’s first Virtual new infrastructure and less of a cost impost on energy users large and small. Transmission Line: Victoria – In determining the location of its Riverland 19 July and Nowingi projects, Lyon strategically Today, the latest in a series of confirmations selected network locations that will benefit of very large grid expenditure that will land the most from local, firm, dispatchable heavily on consumers’ power bills, feels like energy, while providing the greatest range of the right day to make public an alternative revenue streams for the projects. approach that Lyon conceived and commenced developing more than four years Lyon’s large-scale solar and battery storage ago. projects create a new virtual grid operation which provides the option to defer or in some Lyon is now making public its development of cases reduce investment in grid Australia’s first Virtual Transmission Line reinforcements and, based on independent (VTL), with a view to offering an alternative analysis undertaken by Advisian, provides 15% and more optimal approach to network additional transmission capacity which will investment as the Australian energy sector help reduce electricity prices. transitions to a renewable energy future. This concept can be characterised as MurrayLink Viewed as a portfolio, Lyon’s Riverland and 2.0. Nowingi projects provide a combined 180MW/720 MWh of advanced battery Lyon stands apart from most in the storage, located on either side of the existing renewables sector, which will welcome 220MW MurrayLink Interconnector. These AEMO’s announcement today that very large two projects together will deliver rapid transmission infrastructure augmentation will resiliency and boosted energy transfer proceed in Western Victoria. AEMO’s Western capabilities for this crucial transmission Victorian RIT-T Project Assessment corridor. Conclusions Report (PACR)[1] comes only five months after ElectraNet published the PACR The two projects together constitute for the SA Transformation RIT-T in February Australia’s first VTL. In developing these 2019.[2] projects, Lyon is providing an option to lift transmission constraints 10x faster than the Both processes have favoured huge grid time required to construct a new augmentation programs. interconnector and at a fraction of the cost.

We don’t deny that the inevitable and Lyon’s VTL solution aligns with AEMO’s escalating shift from reliance on a relatively Integrated System Plan, providing: small number of generators to a patchwork of - Reduced electricity prices by deployment inverter-based generation requires new 10x faster than a transmission solution; network approaches. And it is true that this - Long duration storage to firm renewable will have to include transmission generation; augmentation. - 15% additional transmission capacity, delivering congestion management to unlock However, the interests of consumers are not inter-regional Renewable Energy Zones and well served by embarking on major enable greater interconnector asset augmentation programs without appropriate utilisation; consideration of options that enable - New competition for peaking generation; optimisation before augmentation, the and embrace of which would allow right-sizing of - Resiliency to support power quality through Fast Frequency Response.

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Because of their proximity to the very large [2]https://www.electranet.com.au/wp- new transmission upgrades that will content/uploads/projects/2016/11/SA- commence in 2022, the Riverland and Energy-Transformation-PACR.pdf Nowingi projects stand to benefit from the greater transmission diversity and export [3]https://irena.org/- capacity that will be enabled by /media/Files/IRENA/Agency/Topics/Innovatio implementation of AEMO’s Western Victorian n-and- RIT-T and ElectraNet’s SA Transformation RIT- Technology/IRENA_Landscape_Solution_05.p T. However, an over-reliance on transmission df?la=en&hash=2F3E54D25E74F47E0B1A94EC upgrades is sub-optimal as compared with 551CF1E9E4D2E6E proven solutions such a VTL. Lyon’s VTL option will provide a faster and more optimal Source: Lyon Group outcome leading to reduced electricity costs and enable more accurate investment decisions surrounding the Interconnector Neoen’s Numurkah Solar Farm Regulatory Tests. begins full-scale commercial VTLs can discharge over long durations to operation for its Victorian meet load requirements in the local area during peak hours, without the need for customers transporting electricity through congested 19 July grid lines, then reversing to act as a sink. The ▪ The Numurkah Solar Farm will generate 255 VTL also reduces network congestion and GWh of emission-free, clean, competitive forms virtual power lines to benefit greater renewable energy per annum to power key regional power flows for other renewable infrastructure such as the Melbourne tram generators. network and Laverton steel works ▪ The support of the Victorian government Once completed, the Riverland and Nowingi was instrumental in the success of the projects will represent Australia’s first VTL Numurkah project development. This VTL announcement by ▪ With 128 MWp, Numurkah is the largest Lyon also constitutes the third announced solar farm in Victoria; almost 300 jobs were project of its kind in the world, alongside created in the area during construction Terna’s 35MW BESS in the congested ▪ With this latest project, Neoen confirms its Southern Italy region and RTE’s 36MW BESS in status as Australia’s leading independent France.[3] producer of renewable energy

In progressing development of the Riverland Neoen (ISIN Code: FR0011675362, ticker: and Nowingi projects as a VTL, Lyon has NEOEN), one of the world’s leading and worked closely with its advisers to undertake fastest growing independent producers of detailed analysis of the benefits that can be exclusively renewable energy, has today achieved and has inter-reacted with AEMO commenced full-scale commercial operation and the Victorian Government. at its Numurkah Solar Farm in Victoria. The official opening took place with the Hon. Lily [1]https://www.aemo.com.au/Electricity/Nati D’Ambrosio, Victoria Minister for Energy, onal-Electricity-Market-NEM/Planning-and- Environment and Climate Change. forecasting/Victorian-transmission-network- service-provider-role/RITT/Reports-and- The 198 million AUD, 128 MWp solar farm, project-updates owned and developed by Neoen, is the largest in the state of Victoria. With 373,839 solar panels installed, it spans 515 hectares. The facility will produce 255 GWh of emission- free, clean, competitive renewable energy per

Page 3 (Click on relevant project links to go to online Project Database) annum – the equivalent of taking 77,000 cars helping us make this project a success. Neoen off the road each year and enough to power will continue to work with its partners, the 48,000 Victorian households. It will power local communities, councils and state Melbourne’s tram network and the Laverton governments to ensure that the people of steel works. Australia enjoy clean, reliable and affordable electricity for decades to come.” The Hon. Lily D’Ambrosio, Victoria’s Minister for Energy, Environment and Climate Change, Xavier Barbaro, Neoen’s Chairman and CEO, said “the Numurkah Solar Farm will play an said, "We are very proud to be bringing into important role in supporting the service the Numurkah Solar Farm. With this transformation of our energy network project, Neoen confirms its commitment as a towards clean, renewable energy and long-term owner and operator contributing to reaching our renewable energy target of 50 Australia’s renewable energy transition. We per cent by 2030.” are determined to continue growing our asset base in Australia, and we will pursue all future The Green Certificates Purchase Agreement developments with the same integrity and with the Victorian Government and its wider respect for local areas.” support for renewable energy development has been instrumental in making Numurkah Source: Neoen possible. It has also benefited from a 15-year power purchase agreement (PPA) with GFG Alliance’s SIMEC ZEN Energy. NEW PROJECT Theodore Solar Farm Besides supplying more sustainable, reliable Location: Theodore, Queensland and competitive energy to Australians, Neoen Capacity: 70 MW is committed to local development and Developer: juwi Renewable Energy community growth. In addition to creating LGA: Banana Shire Council almost 300 jobs for the Numurkah region Status: Development application with council during construction, and a variety of Description: The proposed project will cover employment opportunities during the solar an area of up to 220 hectares and comprise farm’s service life, Neoen has established a the construction and operation of a large Numurkah Solar Farm Community Fund to scale solar farm utilising PV solar panels provide financial support to community mounted on single axis trackers. groups to grow the region. Approximately 14 inverter stations will be

required, although the final number will not The Clean Energy Finance Corporation, which be known until the detailed design phase. The provided 56 million AUD in loans towards the solar farm will connect to the existing project, described Numurkah Solar Farm as a Theodore - Moura 66kV transmission line “path-breaking example of how solar energy which borders the site. An area for solar can deliver a costeffective solution for battery storage is designated next to the Victoria’s energy-intensive manufacturers.” project’s substation and switchyard. Up to

140 full time equivalent jobs will be created Louis de Sambucy, Managing Director of during construction, and several permanent Neoen Australia, said, “Numurkah is an jobs during the operational phase. important project for Neoen and the Contact: Project Development Manager commencement of commercial operations Juwi Renewable Energy here is a significant milestone for our Tel: (07) 3107 0908 operations.

We sincerely thank the Victorian Government, our partners and all our local stakeholders for

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Major Project Status awarded The PDA will provide the framework for Sun Cable and the Northern Territory Government to Sun Cable to work together in progressing the ASPL 20 July through the required approvals processes. The Northern Territory Government is Sun Cable will be required to prepare an supporting job creating private sector Environmental Impact Statement and a investment in the Territory, awarding Major Territory Benefit Plan. Project Status to Sun Cable's Australia- Singapore Power Link (ASPL). Major Projects are significant contributors to the economic development of the NT. The NT The proposed Australia-Singapore Power Link Government awards major project status to is a $20 billion, 10 gigawatt solar farm and a private sector initiated projects that are 20-30 gigawatt hour storage facility near significant to help facilitate their development Tennant Creek. and delivery.

It will supply loads in the Darwin and Quotes attributable to the Chief Minister: Singapore markets via a high voltage direct “The Northern Territory has an incredible current transmission. opportunity to lead the world as a renewable energy hub – and seizing this opportunity will This is the largest solar farm under deliver thousands of local jobs. development in the world. We have the guaranteed cloud free days, the The Tennant Creek region has one of the land and a Government with the vision, plan highest solar irradiance resources on the and will to make it happen. planet, making it a perfect location for the proposed solar farm. Major Project Status for Sun Cable is an important step towards making this this vision The project will seek to supply long term, a reality. competitive, stably priced renewable electricity to the Darwin and Singapore The Sun Cable project is a gamechanger for markets. the Territory and will further our reputation around the world as a place to do business Integrating the ASPL into the developing and invest. ASEAN power grid will also be assessed in the detail during the development phase. Not only does it announce the Territory as a major world player for renewable energy Attracting and securing private investment in exports, but also a future where clean, cheap, the Territory is critical to economic growth reliable energy creates local jobs in industries and job creation. right across the Territory.

This project has the potential to create 1000 We look forward to continuing to work with jobs during the construction phase and 300 Sun Cable to make this project a reality.” operational jobs. Quotes attributable to Sun Cable: The project is already engaging local “Sun Cable is excited to enter the next phase contractors and will seek to manufacture of the development process for the Australia- prefabricated solar farm technology in Darwin Singapore Power Link. and Adelaide. Source: NT Government A Project Development Agreement (PDA) will now be negotiated between the NT Government and Sun Cable Pty Ltd.

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NEW PROJECT “Globally, markets and investors have woken Banana Range Wind Farm up to climate risk. There’s a growing movement to reconsider investments in Location: 20 km west of the town of Biloela in companies and sectors who are heavily Central Queensland exposed, whether that’s from sea level Capacity: 180 MW (approx.) changes, industry disruption, the uptake of Developer: Lacour Energy new technology or public policies and LGA: Banana Shire Council legislation. Status: Full feasibility study. Project public exhibition held on 9 July 2019. “Being a strong corporate advocate for Website: www.bananarangewindfarm.com.au climate action means understanding and Description: When constructed the project acknowledging our risks and encouraging will comprise up to 51 wind turbines and others to do the same. It’s the ethical and could potentially include large-scale battery responsible thing to do for our investors and energy storage as well. The project is located all New Zealanders,” says Roan. on the Banana Range in an area of strong wind resources with an existing high voltage TCFD reporting also requires companies to report (132kV) transmission line running through the their governance oversight of climate risks, the site. The winds at the site are much stronger expected impacts on their business strategy, and during the night and thus the energy targets they use to manage the risks. produced from the project would be a good match to daytime solar energy produced from Meridian’s report comes ahead of the Embark rooftop solar or large solar farms. event in Auckland this week celebrating the Contact: James Townsend one-year anniversary of the Climate Leaders Director Coalition, where businesses come together to Lacour Energy share ideas on how to take positive action to Tel: (08) 9321 6632 reduce emissions. Email: [email protected]

Roan says understanding and reporting climate risk will be an ongoing commitment Meridian Energy first to from Meridian and is integral to the release climate change risk company’s work on reducing emissions, supporting accelerated action on renewables report and decarbonisation, and engaging staff and 22 July suppliers to improve sustainability. Meridian Energy has released New Zealand’s first corporate report disclosing risks to its “Risk reporting is now a key part of our business resulting from climate change. broader climate action programme and we’re ready to help others understand the very real Prepared in accordance with guidance from risks climate change poses for businesses and the Taskforce on Climate-related Financial organisations. Disclosures (TCFD), the report lays out the physical risks Meridian faces from a rise in “The more New Zealand businesses global temperature, as well as the impacts of understand the climate risks they face and transitioning to a low carbon future. report openly about them, the better equipped and capable investors are to make Chief Financial Officer Mike Roan says climate sound decisions,” Roan says. change has urgent implications for companies and investors, and the time has come for Meridian’s full report can be found here. businesses to be open and honest about the risks they will face. Source: Meridian Energy

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Suntech aims to create a new Over the years, with remarkable technical superiority and manufacturing level as well as era in Australian market with reliable product quality, Suntech has won a its newly gained Solar Panel high brand reputation in the Australian market; undoubtedly, the gaining of this solar Validation module certificate wins Suntech a fast pass. In 22 July addition, Suntech has successfully passed the Recently, Suntech, as a famous solar verification of the Australian Clean Energy photovoltaic manufacturer in the world, is Council (CEC) and is included in the solar PV engaged in the R & D and the production of module list database of CEC. As an institution crystalline silicon solar cells and modules, has of supreme authority in clean energy in successfully passed the Solar Panel Validation Australia, CEC imposes quite strict standards conducted by the Clean Energy Regulator (CER). in the admittance verification of products, and requires the manufacturer to provide test The Clean Energy Regulator is an Australian data from a qualified third-party independent independent statutory authority responsible laboratory to ensure the product's for administering legislation to reduce carbon consistency with performance and safety emissions and increase the use of clean requirements; all PV modules to be admitted energy. It has kept a close cooperation with into the Australian market must have the relevant industries for a long time and strict qualification examination of CEC. implemented the Solar Panel Validation (SPV) initiative. SPV aims to protect the integrity of Suntech pays much attention to the Australian the renewable energy plan, and provide market. The successful passing of this Solar enterprises and consumers with a convenient Panel Validation not only verifies the quality way to check and confirm the specific and reliability of Suntech's products in the information of solar panels. The successful Australian market, but also provides a passing of its professional test and verification guarantee for the rights and interests of means that the relevant product of a Suntech's local customers; and at the same manufacturer conforms to the quality and time, it is helpful for the Australian performance standards of Australia. government and solar energy industry to maintain market stability. In the future, SPV consists of two parts: Suntech will keep on developing Australian An app for installers to use on a mobile device market to wholeheartedly provide and a database of serial numbers for photovoltaic products and services with high approved solar photovoltaic (PV) modules, quality, high reliability and high cost received directly from manufacturers. performance for customers. Installers use the app to scan solar panel serial numbers, which are then checked against a Source: Suntech database to ensure they correspond to verified serial numbers for panels approved by the Clean Energy Council. PROJECT NEWS

SPV provides customers with an electronic Teewana Solar Farm record of confirmation their installed solar The federal Department of the Environment & panels are verified as part of SPV. The record Energy has declared Teewana Farm’s includes information such as the make and proposed 9.9 MW Teewana Solar Farm in model of the solar panels, their serial Gidgegannup, Western Australia a controlled numbers, the time and date of installation action. The project will require assessment and the location. Customers are now asking and approval under the EPBC Act before it can solar businesses if they are participating in proceed, with the relevant controlling SPV and for a record of verification for their provisions being, Listed threatened species solar panels. and communities (sections 18 & 18A).

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BHP to invest US$400m to like BHP have both critical expertise and a key role to play.” address climate change 23 July Source: BHP BHP today announced a five-year, US$400m Climate Investment Program to develop Senior debt facility closed for technologies to reduce emissions from its own operations as well as those generated from Terregra’s Mobilong and the use of its resources. Moyhall Solar Farms

23 July BHP CEO Andrew Mackenzie said: “Over the Infradebt and Terregra Renewables are next five years this program will scale up low pleased to announce the close of a A$7 carbon technologies critical to the million senior debt facility for Terregra’s decarbonisation of our operations. It will drive Mobilong and Moyhall Solar Farms. Both investment in nature-based solutions and projects are 5MWac utility scale solar facilities encourage further collective action on scope in South Australia. Construction at Mobilong three emissions.” was completed in July, with construction at

Moyhall to commence shortly. Balance Utility “Commercial success of these investments Solutions is the EPC contractor for both will breed ambition and create more projects. innovative partnerships to respond collectively to the climate challenge.” Terregra is a leading Indonesian renewable

utility with hydroelectric assets under Mr Mackenzie added: “We must take a construction and development across product stewardship role for emissions across Indonesia. The Mobilong and Moyhall Solar our value chain and commit to work with Farms are their first investments in Australia shippers, processors and users of our and have been developed by their local team. products to reduce scope three emissions.” Terregra have a strategy to develop a

portfolio of 30+ MWac of 5 MWac solar farms Other measures announced today include: across Australia. - Establishing a new medium-term, science- based target for scope one and two emissions Quote attributable to Graham Pearson, in line with the Paris Agreement. This is in Director of Terregra Renewables: addition to BHP’s short-term goal to cap 2022 “It’s great to have senior debt finance in place emissions at 2017 levels, and long-term goal for Mobilong and Moyhall. Mobilong was of net-zero emissions by mid-century. commissioned last week and is already selling - Developing a new climate portfolio analysis renewable energy into the SA grid. report in 2020, following on from BHP’s 2015 Construction at Moyhall is due to commence two degree scenario analysis. This new report shortly, with first generation due in early will evaluate the potential impacts of a 2020. We look forward to continuing to build broader range of scenarios and a transition to our portfolio of Australian projects in a ‘well below’ two degree world. partnership with Infradebt.” - Strengthening the link between emissions performance and executive remuneration. Quote attributable to Alexander Austin, CEO, From 2021, this link will be clarified to further Infradebt: reinforce the strategic importance and “Infradebt is pleased to finalise its part in responsibility of reducing emissions as a financing Mobilong and Moyhall Solar Farms, business. we have worked closely with Terregra over

the past six months to provide a senior debt Mr Mackenzie concluded: “We require a facility that supports their strategy in considered and orderly transition to a lower Australia. We look forward to working with carbon world, in which resource companies

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Terregra in the future and assisting them with “There’ll be more new jobs building these their future development pipeline. projects in regional Queensland and the extra generation will also make our power supply 2018-19 has been a busy year for Infradebt. even more reliable. This transaction marks the thirteenth investment for the Infradebt Ethical Fund “This takes Queensland one step closer to our since its first close in September 2017. We are target of 50 per cent renewable energy by pleased to have executed on IEF’s strategy 2030. over the year and assembled a diverse portfolio for IEF. The portfolio is well “Unfortunately, the LNP has refused to positioned – with attractive returns and well support this program. Going by their track- diversified by project, technology and record in government, when not one large offtake.” scale renewable energy project was built, there’s no doubt they’ll see CleanCo as Source: Infradebt another Queensland-owned energy asset to sell.”

Renewables up, power prices From 31 October, CleanCo will take over the 570 megawatt Wivenhoe pumped storage down as CleanCo kicks off hydro station, the 385 MW gas-fired 23 July Swanbank E power station and the Kareeya, Queensland’s next wave of renewable energy Barron Gorge and Koombooloomba hydro and regional jobs is about to be unleashed power stations from the state’s other publicly- with 10 projects competing for contracts to owned generators, Stanwell and CS Energy. kick start new regional investments and a new clean energy generator. CleanCo will also complete the Government’s Renewables 400 reverse auction, bringing up Energy Minister Dr Anthony Lynham said to another 400 megawatts of solar and wind Queensland’s third publicly-owned electricity energy and battery storage into the market. generator, CleanCo, would commence trading in the national electricity market on 31 CleanCo will seek binding bids from 10 October, and encourage up to 400 megawatts proponents to supply renewable energy (see of new generation and storage. table next page) and recommend projects to government early next year. CleanCo is working with 10 short-listed renewable energy proponents to boost its BACKGROUND starting pack, which includes the Wivenhoe Renewables 400 is a reverse auction program (external site) and Swanbank E (external site) which enables CleanCo to identify the best power stations near Ipswich and three Far projects to increase the state’s diversified North Queensland hydro power stations. renewable energy supply. Reverse auctions are competitive processes where multiple projects “This will increase competition and supply in bid to secure power purchase contracts or other the Queensland electricity market, putting forms of project support. more downward pressure on electricity prices for Queenslanders,” Dr Lynham said. Reverse auctions have been used by governments around Australia and “Preliminary analysis indicates CleanCo should internationally, including by the ACT and reduce wholesale electricity prices on average by Victorian Governments as part of achieving around $7 per megawatt hour, which is expected their renewable energy targets. to translate to an estimated $70 per annum saving for the average Queensland household. Source: Queensland Government

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Proponent Project Location Capacity Capital Jobs (MW) cost ($ mill)

ACCIONA Australia MacIntyre Wind Stanthorpe 540 >1000 1080 Farm

Edify Energy Majors Creek Solar Woodstock 200 400 400 Farm, with battery storage

First Solar Chinchilla Solar Chinchilla 100 200 150 Australia Farm, with battery storage

Goldwind Australia Clarke Creek Wind Between 800 1500 350 Farm, with battery Mackay and storage Rockhampton

Infigen Energy Forsayth Forsayth, FNQ 65 130 130 Integrated Facility, with battery storage

Lyon Infrastructure Cape York Solar Lakeland, 55 150 100

Investment Storage FNQ

Neoen Australia Kaban Green Ravenshoe 130 300 150 Power Hub, with FNQ battery storage

Pacific Hydro Haughton Solar Upper 100 200 240 Australia Farm, with battery Haughton Developments storage near Townsville

Vena Energy Collinsville North Collinsville 100 200 200 (formerly Equis) Solar and storage project

Windlab Lakeland Wind Lakeland, 100 200 200

Farm FNQ

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Wind farms environmental New large-scale solar noise guidelines guidelines boost sector In mid-2018 the EPA carried out a technical confidence review of the Wind farms environmental noise 24 July guidelines, to ensure that the guidelines are New planning guidelines for large-scale solar still appropriate. The review confirmed that farms have been released by the Andrews the South Australian noise criteria are still Labor Government to help ensure Victoria’s among the most protective in the world. transition to a clean energy future is planned

properly. This draft guidelines will be distributed directly to stakeholders who have already Acting Minister for Planning Lily D’Ambrosio engaged with the EPA on this matter, today released the final Solar Energy Facilities including all parties making noise-related – Design and Development Guideline, which submissions to the recent State Commission will help inform a range of decision makers, Assessment Panel hearing on the proposed solar farm developers and communities on Crystal Brook Energy Park. planning requirements for large-scale solar

farms. The EPA is seeking feedback from the community, local government, other The guideline was shaped by a nine-month development authorities, state agencies, development process including extensive acoustic engineers, wind farm development consultation with communities, councils and proponents and other stakeholders on noise industry and a review of best-practice from wind farms in the updated guidelines. standards interstate and internationally.

Feedback can be submitted to: The release of the guidelines will provide Wind Farm Guidelines Consultation more confidence to the solar sector and Environment Protection Authority encourage greater investment, as part of GPO Box 2607 Victoria’s renewable energy boom. Adelaide SA 5001 or The guideline also gives certainty for councils email (mark subject as Wind Farms Guidelines and developers as to what is required for Consultation). developments to achieve acceptable

outcomes for land, communities and the Further information environment. Closing date for submission: 2 September

2019 Businesses looking to establish large-scale For further information, contact Tony solar farms in Victoria will use the guideline to Williams ensure proposals are built in appropriate

locations, easily accessible to the grid and Source: SA EPA consider high-productivity agricultural areas

and sensitive landscapes.

The guideline also includes a range of best-

practice approaches to help developers

engage with communities and ensure the

least possible environmental and social

impacts of their proposals.

The guideline will be implemented through a future planning scheme amendment to the

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Victorian Planning Scheme. If the amendment entered into a binding Power Purchase passes the Minister for Planning will then Agreement (PPA) with Kellogg (Aust.) Pty. Ltd. become the responsible authority for all large- (Kellogg’s), a subsidiary of Kellogg Company. scale solar farm applications. Kellogg Company is a leading global cereal The guideline is available to download at company with net sales of over US$13bn in planning.vic.gov.au/policy-and-strategy/solar- 2018 and is a member of the RE100 initiative energy-facilities-design-and-development- to transition to sourcing 100% of its global guidelines electricity needs from renewable sources. While the Kellogg’s PPA commences on Quotes attributable to Acting Minister for execution, it effectively contracts the Planning Lily D’Ambrosio purchase of electricity from the date the Plant “With solar technology taking off in Victoria, began generation until the expiry date of 31 we need to provide clear advice on how to December 2026. Kellogg’s has an option to establish best practice facilities in appropriate extend the term for three years until 31 locations.” December 2029.

“The guidelines will help to ensure community This agreement is in addition to Beryl’s consultation is part of the process from an existing 15-year PPA, which represents early stage, so local residents are engaged, approximately 69% of generation. The volume informed and have an opportunity to provide of electricity and Large-Scale Generation input before the planning permit is lodged.” Certificates (LGCs) sold to Kellogg’s will be approximately 29% of generation for the “Along with providing more certainty to the remainder of 2019, with this proportion community, the guidelines will reduce the decreasing over the life of the Kellogg's PPA. burden on local councils and give the With respect to the period from the Plant’s renewable energy industry more confidence commissioning up to commercial operations, to invest.” Kellogg’s will retrospectively acquire all of the electricity and LGCs produced. By selling Source: Victoria Government electricity and LGCs to Kellogg’s rather than into spot markets, Beryl reduces its exposure to fluctuating electricity and LGC prices. PPA with Kellogg’s With the Kellogg’s PPA in place, NEW expects 24 July Beryl’s five-year unlevered annual average Highlights: gross yield to be 8.2%. • NEW’s Beryl Solar Power Plant has signed a corporate PPA with cereal manufacturer John Martin, CEO of NEW, said “We are Kellogg’s to December 2026, with option to pleased to be partnering with Kellogg’s as an extend to December 2029 offtaker for Beryl. This agreement • Reduces Beryl’s exposure to fluctuating complements Beryl’s existing PPA and electricity and LGC prices contributes to the achievement of our • Further diversifies offtakers and contract strategy to build a portfolio of stable, long- lengths in NEW’s portfolio term, contracted cashflows from investment- • Five-year unlevered average yield of 8.2% grade counterparties. In addition, the per annum now expected for Beryl Kellogg’s PPA further diversifies the range of • Beryl reached commercial operations in offtakers and contract lengths in the portfolio, June 2019 enhancing NEW’s ability to deliver attractive,

risk-adjusted returns to investors.” Further to its announcement on 15 July 2019,

New Energy Solar (NEW) announces that the Beryl Solar Power Plant (Beryl, the Plant) has

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Esme Borgelt, Managing Director of Kellogg’s - At the end of 2018, enough utility-scale Australia and New Zealand said “Our renewables capacity was commissioned and partnership with Beryl enables us to generating, or under construction, to meet champion and support the clean energy the Large-scale Renewable Energy Target in revolution, helping to offset the greenhouse 2020. gas emissions from both our head office and - With the capacity of new build commencing manufacturing site in Australia as part of our generation in 2018 combined with the broader sustainability commitments. It’s expected accreditations in 2019 and 2020, we through innovative partnerships like this, expect generation to step up from around along with our ongoing focus on reducing 22,000 gigawatt hours in 2018 to around energy demands within our value chain, that 30,000 gigawatt hours in 2019 and 40,000 companies like Kellogg’s can help reduce their gigawatt hours in 2020. impact on the environment.” - The transformation of Australia’s electricity grid is accelerating. Australia is installing solar Beryl commenced generating electricity in and wind so fast that it is now leading the April 2019 and reached commercial world in the per capita deployment rate for operations in June 2019, increasing NEW’s renewables. operating portfolio capacity by 110.9MWDC. - Renewable capacity installed under the In its first year of operations, Beryl is expected Renewable Energy Target more than doubled to produce more than 199,000MWh of from 2.2 gigawatts in 2017 to 5 gigawatts in electricity, equivalent to displacing 2018. approximately 153,000 tonnes of CO2 - A record 3455 megawatts of large scale emissions per annum, powering 25,000 renewable energy projects were installed in Australian homes, or removing 45,000 cars 2018, more than triple the 1113 megawatts from the road. installed in 2017, the previous record. - The strong momentum in new firm project Source: New Energy Solar announcements continued in 2018 and early 2019 well beyond the point where it was clear the 2020 target would be exceeded. The Renewable Energy Target The Renewable Energy Target 2018 2018 Administrative Report Administrative Report 24 July The Clean Energy Regulator today released Source: Clean Energy Regulator the 2018 Renewable Energy Target Administrative Report – The acceleration in renewables investment. The report highlights PROJECT NEWS the record investment in large scale, Lincoln Gap 3 Wind Farm commercial and industrial and household Nexif Energy is seeking approvals to construct solar over the last year. two temporary meteorological monitoring

masts to a maximum height of 110m above The report also includes the annual statement natural ground level to be installed as part of on progress toward the 2020 Large-scale the proposed Lincoln Gap 3 Wind Farm. The Renewable Energy Target, which finds that at Lincoln Gap 3 Wind Farm Development the end of 2018, we are on track to meet the Application is expected to be lodged with the Large-scale Renewable Energy Target in 2020 State Commission Assessment Panel in July due to the level of commissioned, under 2019. construction and operating utility-scale renewables capacity.

Highlights from the 2018 report include:

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PROJECT NEWS Final rule to improve Warwick Solar Farm transparency of the frequency The University of Queensland has applied to the Regulator for a generation authority control framework under the Electricity Act 1994 (the Act). The 25 July application for a generation authority is in The AEMC has made a final rule that respect of a proposed solar farm (the establishes ongoing reporting requirements generating plant), located at Sladevale, 5km on AEMO with respect to the frequency north of the Warwick town centre in the performance of the power system, and on the Southern Downs region of Queensland. AER in relation to frequency control ancillary services (FCAS) market outcomes. The generation plant is to be known as the Warwick Solar Farm and will consist of two The rule change request was submitted by distinct but identical plants to be known as AEMO and the AER to action the Warwick Solar Farm 1 (WARWSF1) and recommendations made by the AEMC in Warwick Solar Farm 2 (WARWSF2). The its Frequency control frameworks review final generation authority, if issued, will authorise report, which, among other things, was aimed the connection of both WARWSF1 and at improving the transparency of the WARWSF2 to Ergon Energy’s distribution framework. network. The applicant proposes to connect WARWSF1 and WARWSF 2 to Ergon Energy’s The frequency control framework is central to 33kV network at the Warwick Bulk Supply maintaining the stability of the power system, Point. which operates within defined technical limits. The Warwick Solar Farm will have a total nameplate rating of 78.172MW DC and will be The key features of the final rule require: comprised of 115,164 x 380W DC photovoltaic - the AER to report on FCAS market data on a panels and 89,376 x 385W DC photovoltaic quarterly basis and provide commentary on panels. The panels will be mounted on 2,456 the key trends it sees rows of single axis trackers. - AEMO to provide weekly information on key frequency performance data The applicant will be the asset owner of the - AEMO to report more comprehensively on generating plant. Lendlease Services Pty Ltd frequency performance against the frequency has been contracted by the applicant to operating standard on a quarterly basis. provide construction, operation and maintenance services. Subject to receipt of all The final rule improves the transparency and necessary approvals (including this generation consistency of information provided to the authority), the applicant anticipates the market in relation to frequency performance generating plant will reach commissioning and FCAS market outcomes, which will help stage early-to-mid 2020. market participants make better-informed decisions. This is especially important given Source: Queensland Government the degradation of frequency performance in the NEM that is being observed. This request was submitted as two separate rule change proposals. These were consolidated, as they both raise issues related to the frequency control framework.

This rule change was considered non- controversial and followed an expedited rule change process. Nine submissions were

Page 14 (Click on relevant project links to go to online Project Database) received from stakeholders in response to the Haughton Solar Farm is being built in a series consultation paper published on 30 May of stages. Construction of the first 100MW of 2019. the project commenced in 2018 and is expected to be completed in the third quarter The AEMC’s Frequency control frameworks of 2019. review final report detailed the Frequency control work plan which in turn sets out Once all stages are complete, Haughton Solar actions the Commission, AEMO and Farm is expected to have a generating the AER will take to support the stable and capacity of up to 500MW, enough to power secure operation of the power system in approximately 291,000 homes. relation to frequency control. This rule change was part of this collaborative work plan. Source: Pacific Hydro

The AEMC has also received two rule change requests in relation to broader issues with PROJECT NEWS primary frequency control. The AEMC will Biala Wind Farm commence these shortly. BJCE is excited to announce works are

planned to commence on the wind farm on Source: AEMC Monday 29th July 2019. The wind turbines

will be connected together and to Grabben

Gullen road by unsealed tracks. Pacific Hydro short-listed to supply large-scale renewable Subcontractor and Accommodation Provider Opportunities energy in Queensland All sub-contractor details, lodged through our 25 July website (www.bialawindfarm.com), have now After making a submission to the Queensland been submitted to our primary contractors. If Government’s Renewables 400 reverse you are a sub-contractor who is interested in auction, Pacific Hydro will now compete taking part in the project, you can still register against nine other shortlisted projects to your details on our website and we will pass secure a contract with publicly-owned your details on. generator CleanCo. As a new community initiative, we have set up If selected in the next phase, Pacific Hydro a spot on our website where locals can put would deliver an additional 100MW of clean forward potential accommodation for wind energy along with battery storage at the farm staff. Perhaps you run a B&B or have a company’s Haughton Solar Farm site located house on your property you'd like to rent. We 60km south of Townsville. will pass your details on to our contractors and they will contact you directly if they are “We are thrilled to be one of the ten projects interested. shortlisted and are eager to proceed with the next steps,” said Rachel Watson, CEO of Source: BJCE Pacific Hydro Australia.

“Our proposal is shovel-ready and leverages our recent experience delivering large-scale solar in north Queensland. Our track record of success paired with strong relationships with Burdekin Shire Council and the local community made us a very strong contender,” she added.

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Solar farm to power our pledge to achieve net-zero emissions before 2050.” Wodonga’s sewage treatment plant Construction of the solar farm is expected to 25 July commence in late 2019 and is estimated to Wodonga’s sewage treatment plant will soon take 18 months to complete. be powered by a three megawatt solar farm as part of North East Water’s commitment to Source: North East Water reduce its carbon footprint.

Tenders are expected to be issued in the The Numurkah Solar Farm in coming months for the multi-million dollar project to be built on Corporation owned land Victoria reaches full-scale between Old Barnawartha Road and the commercial operation Hume Highway at West Wodonga. 26 July SIMEC Energy Australia (SEA) has today Managing Director, Craig Heiner, said welcomed news of yet another key milestone approximately 10,000 panels will be installed in delivering sustainable, globally competitive at the site and will utilise a single axis tracking energy to our customers with the Neoen, system to increase solar generation capacity. Numurkah Solar Farm reaching full-scale commercial operation. “The farm will generate enough electricity to power the nearby sewage treatment plant Through a 15-year power purchase agreement during daylight hours”, Mr Heiner said. signed with Neoen last year, the Numurkah Solar Farm forms part of SIMEC Energy “Wodonga’s sewage treatment plant Australia’s energy generation portfolio – consumes 25% of the Corporation’s total which sources energy from a growing range of energy requirements, so the solar installation grid-scale renewable energy generation assets will significantly reduce our expenses and around Australia. This enables our customers carbon emissions. to access all the benefits of sustainable energy at globally competitive prices. “Any excess electricity generated by the farm Located on the Goulburn Valley Highway in will be fed into the grid to help off-set power northern Victoria, the $198 million AUD, 128 usage at other water and sewage treatment MW solar farm, owned and developed by plants across the north-east. Neoen, is the largest in the state.

“We’ve been investing significantly at the The asset has 373,839 solar panels installed, plant over the past few years to increase its spanning 515 hectares. Neoen forecasts that efficiency and the solar farm is another step in the facility will produce 255 GWh of emission- that journey." free, clean, competitive renewable energy per annum – the equivalent of taking 77,000 cars Mr Heiner added, “We currently source off the road each. around 20% of our electricity from wind generated power from Ararat.” CEO Mr Marc Barrington welcomed this important milestone for Neoen and SEA and “When the solar farm comes online, 50% of spoke of the benefits the solar farm’s the Corporation’s total daytime power operation will provide to SEA’s energy consumption will come from green energy. partners.

“This is all part of our commitment to cutting “This is a fantastic achievement by Neoen, as carbon emissions by 42% within six years and we also continue to work towards financial

Page 16 (Click on relevant project links to go to online Project Database) close of our own 280MW Cultana Solar Farm Launch of the Zinc Energy in Whyalla, South Australia. Green Bond Fund Ultimately, it’s Victorian energy users that 23 July partner with us that will benefit most from • Zinc Energy Pty Ltd is excited to launch the our agreement with the Numurkah Solar Zinc Energy Green Bond Fund (Fund) this Farm. The long-term power purchase month. agreement we have in place will help us • The Fund provides investors with attractive deliver sustainable energy at globally returns through senior debt investments to competitive prices which our customers support the renewable energy industry, which clearly benefit from. generates positive Environmental, Social and Governance (ESG) impacts. With the full-scale operation of Numurkah • The Fund will potentially play a pivotal role online, we are now seeking partnerships with in transitioning Australia from its retiring fossil more Victorian based businesses and fuel based energy generation fleet, into new, industries that want to access innovative, low cost and efficient renewably powered flexible, energy solutions, backed by generation fleet. renewable energy assets. All delivered by a new market entrant that is providing Zinc Energy Pty Ltd is excited to announce the substantial benefits for Victorian, and launch of its maiden green bond fund this Australian, energy users.” month… the Zinc Energy Green Bond Fund. The Fund will be managed by its subsidiary, As SEA continues its push into the Victorian Zinc Energy Funds Management Pty Ltd as energy market, we are seeking partnerships Corporate Authorised Representative with business that share our core values (number 1276710) of the Specialised which are driving increased competition, Investment and Lending Corporation Pty Ltd transparency in operations , sustainable (The SILC Group) which is holder of AFS practices and globally competitive energy licence 407100. The SILC Group is Trustee and prices for the benefit to business and Administrator of the Fund. industry. If you think this aligns with your business, contact the SEA team today on 1300 Leveraging the in‐depth understanding of, and 902 203 or at [email protected] experience in, the Australian energy market, financing structures and energy assets of its Source: SIMEC Energy key management team, Zinc Energy has identified an opportunity to construct bespoke financing arrangements, with low PROJECT NEWS risk exposure, for unrated long‐term senior debt. Orange Grove Solar Farm The NSW Independent Planning Commission Targeting wholesale investors who seek high has approved Overland Sun Farming’s performing, low risk returns and positive proposed 110 MW Orange Grove Solar Farm environmental, social and governance (ESG) near Gunnedah in northern NSW. The project impacts, the Fund has the potential to play a includes construction and operation of pivotal role in helping Australia transition approximately 330,000 PV solar panels and from its retiring energy generation fleet, into possible installation of battery and energy a new, low cost and efficient renewable storage devices within the development energy generation fleet. This activity will footprint. The project site is approximately create opportunities for investors to play an 12km east of the township & encompasses an active role in supporting a better and more area of approximately 417ha. sustainable future for Australia and the world.

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The Fund will make loans to assets in Australia Cattle Hill Wind Farm that produce electricity from renewable sources or support renewable electricity substation energised production. This will include solar farms, wind 26 July farms, bio‐gas/bio‐diesel power stations, solar The substation and transmission line to link to thermal technologies, pumped hydro power the Cattle Hill Wind Farm to the transmission assets, as well as batteries. network has been completed and energised by TasNetworks. These assets typically have a 20 to 30‐year life and will form part of the highly regulated Goldwind Australia Managing Director, John Australian electricity market. Loans to support Titchen, said the substation’s completion is a the long‐term operations of a renewable major milestone for the project. energy project will have a target term of 5 to 10 years. Construction and pre‐construction “Goldwind is pleased to be partnering with loans will be of 1‐ to 4‐year terms. TasNetworks to achieve successful energisation of the substation for the Cattle “We are excited about the opportunities that Hill Wind Farm project. We have found the the Australian renewable energy industry TasNetworks team to be very professional and offers. The fund will help Australian capable.” said John. renewable energy projects secure financing that will lead to lower cost energy for “The commissioning and energisation of the Australians while helping to reduce CO2 substation is a key milestone in the project emissions,” said the CEO of Zinc Energy, and has been made possible through a great Sigmund Malter. team effort from everyone involved.” said TasNetworks CEO, Lance Balcombe. “Through our Fund, institutional investors who seek renewable energy, ESG and “In addition to the construction of the infrastructure investments can further substation on the wind farm site, diversify their portfolios. Even investors with approximately 130 metres of new private equity and venture capital mandates transmission line has been built to connect would find that our Fund meets many of their the project to the existing transmission criteria.” network and approximately three kilometres of existing transmission lines has been Zinc Energy’s core expertise lies in the risk reconfigured to accommodate the future management of electricity and renewable power output from the project. energy commodities. It has developed its reputation through negotiating medium to “Construction of the project is progressing on long‐term power purchase agreements (PPAs) many work fronts, six Goldwind turbines have with renewable energy infrastructure assets. now been installed and commissioning of turbines will commence shortly. Source: Zinc Energy “Goldwind and Power China Resources Group appreciate the significant project progress, reflecting a team effort by many major project partners and approximately 150 staff currently working on site. Construction of the wind farm is planned for completion by the end of 2019” commented John.

Once the turbines are commissioned and generating power later this year, power will be fed via transmission line to the

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Waddamana substation and then into the GFG Alliance said “The SACOME Buying Group state-wide transmission network. Once has always been - and continues to be - a very operational, Cattle Hill Wind Farm will important part of the SIMEC Energy Australia produce enough clean energy to power family, and I’m very happy that they will now approximately 63,500 Tasmanian homes. be receiving all the benefits of the globally- competitive energy that SIMEC Energy and Source: Goldwind Australia GFG Alliance can deliver.

“This announcement also comes at a very South Australia’s resources auspicious time for us, with our Cultana Solar Farm Project recently receiving development sector keeps the lights on for approval and some other important local businesses announcements on that project coming very soon. As a foundation customer of SIMEC 26 July Energy Australia, the consortia’s foresight to The South Australian Chamber of Mines and work together and agree an eight-year term for Energy’s (SACOME) landmark electricity deal their electricity was key in the development of with SIMEC Energy Australia came into effect this project - the first step in our $US1 billion, this month, delivering affordable renewable 1GW plan for new dispatchable renewable power to some of South Australia’s largest energy generation in SA.” energy uses.

“The consortia provided market disruption at The energy consortia, masterminded by a time of escalating power prices and SACOME, brings together manufacturing, unreliability and has underpinned the retail, agriculture and resources companies development of new renewable generation and is responsible for fast-tracking the that will benefit all South Australians. Like all 280MW Cultana Solar farm near Whyalla, renewable projects, Cultana Solar Farm which has recently received development required a foundation customer, SACOME’s approval. consortia provided this, and enabled this

project to get off the ground. IGA is the second food retailer to join the consortia, alongside Foodland supermarkets. Con Sciacca, CEO, Foodland said “As the The agricultural sector is already benefitting Mighty South Aussies, Foodland employing from up to 50% reduction in energy prices thousands of South Australian’s across the with storage and handling group Viterra and entire state, this consortia enhances the the Central Irrigation Trust part of the sustainability of our brand in an ever- contract. Leading mining company Hillgrove increasing competitive landscape" Resources and chemical manufacturer

Adchem complete the consortia, which signed Viterra added, “Viterra is in many of South an eight-year deal last year. Australia’s regional communities, providing a

competitive supply chain to connect our 5000 Rebecca Knol, chief executive officer, SACOME grower customers with domestic and said “We are delighted to see another South international markets. We are pleased to Australian food retailer benefitting from this welcome IGA into the buying consortia as innovative approach to energy procurement. another company that is also part of the same This ground-breaking deal highlights the regional communities.” benefits of collaboration across sectors - from paddock to plate, SACOME’s consortia is Gavin McMahon, CEO, Central Irrigation Trust providing benefits to all South Australians. said “We pump water to 1,500 growers who

irrigate 14,000 hectares of horticultural crops Sanjeev Gupta, Chairman, SIMEC Energy which provide produce for our tables. We are Australia and Executive Chairman and CEO of

Page 19 (Click on relevant project links to go to online Project Database) pleased to be able to pass on considerable IAR Managing Director Naoki Kawamoto said reductions in electricity costs incurred that the Muswellbrook Coal Mine has been a through pumping over the long term, mainstay in the community for 111 years and supporting our growers as they compete in this agreement has the potential to continue both domestic and international markets with providing economic and social benefits to the their produce.” community by utilising one of the mine’s voids which is no longer being mined. Mark Woodhead, CEO, Adchem said, “Electricity costs are a substantial portion of “Innovative rehabilitation solutions such as our total cost to manufacture value added the reuse of mine voids for renewable energy copper chemicals on a large scale. This generation can provide towns like contract represents a positive long-term Muswellbrook with a long term sustainable outcome to secure electricity supply at a resource and attract further investment. competitive price. Copper chemicals are used in the agricultural sector as fertilizers and “Coal will continue to be an important pillar of animal feed supplements and we are proud to our business in Australia alongside our contribute to the competitive production of existing fuel and agricultural businesses, with food in Australia.” this project being our first Australian renewable energy study project proceeding to Lachlan Wallace, CEO, Hillgrove Resources said a fully-fledged feasibility”. “Hillgrove’s participation in this consortia has assisted us to deliver competitive copper Chief Commercial Officer Chris Walsh said production and provides the necessary energy that Idemitsu Kosan, IAR’s parent company in price stability to consider transitioning the Japan, is a diversified energy player with existing open pit to an underground mining significant interests in renewable power operation. Hillgrove Resources operations are generation in Japan, including Wind, Solar PV located on primary production land and we generation, Geothermal energy and Biomass. continue to work hand in hand with the agricultural sector to deliver community “IAR is continually looking for new benefits.” opportunities to utilise its assets and diversify its energy mix for the benefit of shareholders Source: SACOME and to promote the energy security of Australia and Japan”.

Muswellbrook chosen for “We recognise the importance of our mining operations in the regional locations we Idemitsu Australia Resources operate in and we are exploring innovative major renewable energy study rehabilitation and sustainability solutions across all of our operations in New South 26 July Wales and Queensland.” Idemitsu Australia Resources (IAR) Managing

Director Naoki Kawamoto and Chief “On behalf of IAR I thank AGL Energy and Commercial Officer Chris Walsh recently Muswellbrook Shire Council for their efforts in signed a Memorandum of Understanding with making this partnership a reality and I look AGL Energy (AGL) committing to fund a joint forward to progressing the study over the Engineering Feasibility Study for a 250MW coming months.” pumped hydroelectric storage facility at the

Muswellbrook Coal Mine. Source: Idemitsu

This work will include design, engineering and geotechnical investigations is expected to take up to 18 months.

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