Project Update Week ending 16 October 2020

Official sod turning for stage 2 at our Lincoln Gap 9 October Charles Rattray commented that the local Newly appointed Nexif Energy Australia Nexif Energy team were thrilled to host the Managing Director, Charles Rattray is pleased host Premier Steven Marshall MP, Minister for to lead the team in this next growth stage. Energy Dan Van Holst Pellekaan MP, and Mayor Brett Benbow today for the “We are pleased to be on track to complete official sod turning for Phase 2 at Lincoln Gap. our plans for , which include the doubling of Lincoln Gap Wind Farm and “We appreciate the passion and support from Battery Storage project to 474MW through a both state and local government for our 252MW further expansion of the Lincoln Gap innovative wind farm at Lincoln Gap and look wind farm, and the implementation of the forward to employing over 110 more people 154MW dispatchable peaking power plant at in this stage as we work towards an Snapper Point. investment of $770m and a total of 400 jobs in the region by the end of the project” said To finance construction of stage 2 of Lincoln Rattray. Gap, debt finance for the project has been maintained with an ongoing commitment About stage 2 at Lincoln Gap from existing lenders Clean Energy Finance This next phase of the Lincoln Gap wind farm, Corporation (CEFC) and Westbourne Capital. located just outside of Port Augusta in South This has secured employment for over 110 Australia, will add 86 MW of generating workers for an additional 15 months in South capacity to the 126MW of wind Australia. turbines that are already fully operational at the site. The award to and issuance of Rattray also acknowledges the invaluable unconditional notice to proceed completes support of the Australian Government, the last step in the process to replace the through the CEFC to the Lincoln Gap project previous contractor as long-term service since commencement. provider and EPC contractor for the wind farm. “We take this opportunity to thank the Lincoln Gap debt financing partners CEFC and When complete by late 2021, the Lincoln Gap Westbourne for their confidence in and Wind Energy Generation & Storage Project support of our team at Nexif Energy which has will comprise 59 turbines, (35 existing Senvion greatly contributed to the success of this turbines and the 24 additional Vestas project. We also look forward to working turbines, all 3.6MW each), totaling 212 MW closely with construction partners Vestas for a and a 10MWhr battery storage system from safe and on time completion of this important Fluence. project” Rattray said.

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In addition, the Nexif team can today ‘Critical’ status for billion- announce that its additional innovative power project Snapper Point is scheduled to be dollar regional pumped hydro operational at its new site at Outer Harbor project from December 2021. 11 October The billion-dollar Oven Mountain pumped Snapper Point is a 154MW fast start and hydro project has been declared Critical State flexible dispatchable peaking power plant Significant Infrastructure by the NSW under fast track development by Nexif Energy Government, kick-starting the country’s at Outer Harbor in South Australia and will largest Renewable Energy Zone and unlocking utilize five gas turbine generating units to be opportunities for 600 regional jobs. leased for 25 years from the State Government under an agreement executed in Energy Minister Matt Kean said that pumped August 2019 following a competitive tender hydro was essential for the State’s energy process. The units will be relocated from the future and works by pumping water up the hill current site to a new site at Outer Harbor and when energy is cheap and letting it run down converted from diesel to natural gas as the the hill when the sun isn’t shining and the primary fuel. wind isn’t blowing.

“Through the investment in dispatchable “The Australian Energy Market Operator says generation at Snapper Point, we are aiming to that NSW needs more than twice the energy offer firm baseload style contracts from storage of Snowy 2.0 again by the mid-2030s renewable energy generated predominately and projects like Oven Mountain can help us from existing and future stages of our Lincoln reach that goal,” Mr Kean said. Gap project” said Charles Rattray. “It can take about 8 years to deliver massive Surender Singh, Founder and Co-CEO of Nexif pumped hydro projects and we need to get Energy said “These two developments at going now to create jobs and improve the Lincoln Gap and Snapper Point are important reliability of the energy grid.” steps in Nexif Energy’s growth plans following the achievement in the last 12 months of Water Minister Melinda Pavey said the financial close of our 98 MW co-generation project would be an essential part of the local project in Thailand and acquisition of the future water infrastructure. 47MW Song Giang cascade hydro power projects in Vietnam.” “The project will include the construction of two reservoirs, tunnels and a new Matthew Bartley, fellow Founder and Co-CEO underground , creating jobs and of Nexif Energy added “Nexif Energy now has critical water infrastructure with the potential 400MW in operation and construction and to operate as a water source for firefighting more than 1000 MW of controlled and water security for Kempsey,” Mrs Pavey development pipeline projects throughout said. Australia and South East Asia that will fuel our continuing growth.” “The infrastructure will enable water from the lower reservoir to be pumped into the upper To date Nexif Energy and its financiers have a reservoir using excess power from other committed investment of over half a billion renewable energy projects. It is then released (A$500M) making it amongst the largest to generate up to 600MW of hydro power investors in South Australia. during periods of peak demand.”

Source: Nexif Energy Member for Northern Tablelands Adam Marshall said that regional NSW has some of

Page 2 (Click on relevant project links to go to online Project Database) the best pumped hydro resources in the world FRV secures ‘Green Loan’ for and coming out of the COVID-19 recession we should be using those resources to create Sebastopol Solar Farm, NSW, jobs. Australia 12 October “Oven Mountain could inject more than $1 ▪ 90 MWac Sebastopol Solar Farm will billion of investment into our region and produce enough clean energy to supply more create up to 600 new local jobs during than 40,000 homes and avoid the emission of construction alone,” Mr Marshall said. approximately 77,600 tons of CO2 annually, equivalent to taking 27,700 cars off the road “This project is the jewel in our region’s each year renewable energy crown and cements the ▪ FRV signed a Power Purchase Agreement New England as the renewable energy (PPA) for the project with Snowy Hydro earlier powerhouse of Australia. this year ▪ This is the first Green Loan for FRV in “We’re already home to the two largest Australia and among one of the first windfarms in NSW and the largest solar farm renewable energy project financing of this in Australia is about to start construction, so type in the country this project is the cherry on top of us!” ▪ This project is FRV’s seventh solar farm in Australia The proponent will now need to request assessment requirements for the preparation Fotowatio Renewable Ventures (FRV), part of of an Environmental Impact Statement (EIS). Abdul Latif Jameel Energy and a leading global Once received, the EIS will go on exhibition for developer of renewable energy projects, community feedback and detailed assessment closed the financing agreement for the 90 by the Department of Planning, Industry and MWac Sebastopol Solar Farm - its third major Environment before a final decision is made. project in New South Wales.

Source: NSW Government The funding is entirely provided by ING in the form of a Green Loan compliant with the Loan Market Association Green Loan Principles and NEW PROJECT the Green Projects requirements. Goornong Solar Farm Location: 19 km north-east of Bendigo in FRV signed a Power Purchase Agreement Victoria (PPA) for the project with Snowy Hydro in Capacity: 5 MW March 2020. In August FRV successfully Developer: ACEnergy completed the construction of the 69.75 Status: Planning application submitted to MWac New South Wales Goonumbla Solar state government Farm, which also has a PPA awarded to FRV as Description: The Goornong Solar Farm is part of the Snowy Hydro Renewable Energy proposed for construction on Midland Procurement Program in 2018. Highway, approximately 19km north-east of Bendigo in central Victoria. Located 16 km south of Temora, Contact: Rodd Zhang approximately 440 km south-west of Sydney, Principal Engineer New South Wales, the plant will connect to ACEnergy the national grid and generate enough power Tel: (03) 9813 2307 to supply over 40,000 Australian households Email: [email protected] and avoid the emission of approximately 77,600 tons of CO2 annually. This is the equivalent of removing some 27,700 cars from the roads each year.

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Sebastopol Solar Farm will contribute to the its renewable energy portfolio, enabling new economic development of the local area. FRV wind and solar projects to be built. This is anticipate the creation of up to 150 jobs providing much needed competition in the during the construction phase, and 2-3 C&I market as well as a great outcome for our operational staff for the life of the project. environment”. Site maintenance contracts will also be required and will be met by local businesses. Gido van Graas, Managing Director & Head of Energy of ING Australia, said: “Following the FRV has developed and secured PPA for a recent financing for the Winton and total of seven solar projects in Australia, Goonumbla Solar Farms this is our third operating and committed with an transaction with FRV in Australia and marks accumulated investment of over US$ 700 another milestone for our Energy team in million since 2012: Royalla (20 MWac) in the Sydney who also acted as Green Structuring Australian Capital Territory, Clare (100 MWac) Advisor. By using a green loan to fund the and Lilyvale (100 MWac) in Queensland, construction of the Sebastopol Solar Farm is a Moree (56 MWac), Goonumbla (69.75 MWac) clear testament of FRVs commitment to a and Sebastopol (90 MWac) in New South sustainable future and contributes towards Wales and Winton (85 MWac) in Victoria. ING’s ambition to align our lending portfolio with the Paris Agreement goals”. Carlo Frigerio, Managing Director of FRV in Australia, said: "This is our second financial Source: FRV close this year following Winton solar Farm in Victoria and I am delighted to see another FRV project starting construction in New South NEW PROJECT Wales after our successful delivery of the Viewbank Solar Farm Goonumbla Solar Farm few months ago”. Mr Capacity: 75 MW AC Frigerio also added "We are also very glad to Location: Approximately 5km east of receive funding for the Project from ING in Stanhope and ~30km west of Shepparton in the form of a Green Loan confirming FRV’s Victoria commitment to support environmentally Developer: FRV Services Australia sustainable economic activity in the regions LGA: Greater Shepparton City Council Area where we operate". Status: FRV is currently preparing technical,

planning, heritage, and environmental Fady Jameel, Deputy President and Vice assessments for the site. Chairman of Abdul Latif Jameel, said: Description: The proposed Viewbank Solar “Through FRV, our flagship renewables Farm will consist of approximately 172,000 business, Abdul Latif Jameel Energy furthers solar panels installed across the 217-hectare its commitment to delivering clean energy site consisting of private rural land currently solutions in key global markets. We are used for crops and grazing. The solar farm will grateful for our partnership with ING, securing connect to the existing 66 kV Powercor a groundbreaking Green Loan for the transmission line which runs along the Sebastopol Solar Farm. Together, we are southern boundary of the site on Midland encouraging responsible and sustainable Highway. The project includes a 25 MW infrastructure development in Australia’s Battery System. Viewbank renewable energy sector.” Solar Farm will require up to around 150

workers to construct the project, and during Gordon Wymer, Chief Commercial Officer of operations 4 to 5 ongoing operational roles Snowy Hydro, said “We are extremely pleased will be created. that FRV has progressed this project through Contact: FRV Services Australia the financial close milestone”. Mr. Wymer Email: [email protected] also added “Snowy Hydro continues to build Website: https://viewbanksolarfarm.com/

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Adopting Paris-aligned climate decade commercial-scale opportunities emerge, leading to green hydrogen becoming plan would create billions of the second-largest investment opportunity by dollars in fresh Australian 2050 ($350 billion). ● Renewables and other clean power investment opportunities generation would become the largest 12 October investment opportunity ($385 billion) from Australia would create $63 billion in fresh 2020 to 2050 under an orderly transition. investment opportunities over the next five Other significant opportunities are also years by strengthening climate targets and created in transport infrastructure ($104 policies in line with reaching net zero billion), carbon sequestration ($102 billion) emissions by mid-century, new economic and electricity transmission and distribution modelling finds. ($98 billion). ● Equities ($525 billion) and private debt The analysis also finds that under this scenario finance ($322 billion) are the biggest private investment would accelerate out to investment opportunities by asset class to 2050, with hundreds of billions of dollars in 2050 under an orderly transition, with opportunities created across renewable government ($115 billion) and corporate energy, green hydrogen, manufacturing, bonds ($101 billion) following. electrified transport and carbon sequestration. The analysis did not include investments in assets geared towards export. This means the However, if current climate targets and policy analysis’ estimates are likely conservative approaches are continued into coming compared to the real-world opportunities that decades then significant private investment could eventuate for exportable products like opportunities would be lost, worth $43 billion green hydrogen and green steel. to 2025 and $265 billion out to 2050, when compared to a Paris-aligned emissions IGCC Chief Executive Officer, Emma Herd, said trajectory. Australia could not afford to ignore the investment opportunities identified under an The economic modelling - undertaken by orderly transition. consultancy Energetics for the Investor Group on Climate Change (IGCC) - compared an “Investors, companies and governments will ‘orderly transition’ scenario, in which need to work together to create a trajectory Australia adopts a stronger 2030 emissions to achieve a resilient net zero emissions reduction target and a 2050 net zero goal, economy by 2050, including deeper emission with a ‘hothouse’ scenario marked by current reductions over this decade. emissions trajectories and policy approaches. “If we get this right, Australia could reap the Amid the other findings of the analysis: benefits of $63 billion in fresh private ● Under an orderly transition there would be investment over the next five years, and over significant new investment opportunities $1 trillion by mid-century, in domestic created in manufacturing ($15 billion) and opportunities alone. If we continue as we are, transport ($6 billion) over the next five years. we’ll leave billions of dollars in investment A major new investment asset class in carbon opportunities behind. sequestration would also emerge ($33 billion) as companies and governments seek to meet “The billions of dollars in investment tighter emissions goals. opportunities associated with an orderly ● Under an orderly transition, green hydrogen transition to net zero emissions would starts slowly as an investment opportunity ($3 support the jobs, livelihoods and wealth of billion to 2025) reflecting its early stage of millions of Australians for decades to come. development. But from the start of the next

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“Many of these prospects are in regional here in Australia. A total of 30MWh of Australia with multi-billion-dollar opportunities advanced hybrid storage technology – in carbon farming, renewable energy, transport including hydrogen storage and traditional Li- infrastructure and advanced manufacturing. ion batteries – will be attached to each site.

“Governments will be more fiscally challenged Providence is a leading investor in the area of in coming years after deploying immediate hydrogen storage innovation, working with COVID-19 relief. Mobilising private capital is the University of NSW to develop the therefore critical to economic recovery and technology, which enables the storage of unlocking net zero investment opportunities.” A surplus electricity more cost-effectively than full copy of the report - Mapping Australia’s net the lithium batteries currently in use. zero investment potential - can be found here. The hybrid battery storage system developed Source: IGCC at UNSW is known as H2Store, a compact and transportable hydrogen storage solution that has proven highly effective in storing and generating renewable energy, reducing the Regional Victoria benefits from fluctuation of renewable generation and increasing confidence in the security of energy Providence’s plans to power a supply. Under Providence’s plan for NSW, and sustainable renewable energy now Victoria, the storage component could accommodate up to 1.2GWh of clean energy, future or enough energy to power 40,000 homes for 12 October six hours during the peak demand period. Victoria is the latest state to benefit from an ambitious solar farm roll-out by Providence Providence Asset Group CEO Henry Sun said Asset Group and follows last month’s the development of low-cost hydrogen announcement of plans for 28 solar farms storage meant exciting opportunities for across NSW, incorporating ground-breaking Australian residences and businesses. hydrogen storage technology that will be a first for Australian solar projects. “It will help establish Australia as a leader in the evolution of renewable energy and A leading Australian Environmental, Social and Providence is proud to be at the forefront of Governance investor in renewable and clean this transition,” he said. energy projects, Providence has announced it’s extending its footprint into regional Henry said for the Victorian communities Victoria with an initial five solar farms that are hosting the solar farms there are potential already operational and a further six farms opportunities for local investment in the now under construction. projects, and the prospect of cheaper electricity under a future power purchase The Providence-owned farms at Katamatite, agreement. He said given the devastating Numurkah, Echuca West, Echuca and impact of COVID-19 restrictions on Victoria, it Stanhope are an exciting addition to was also positive news for the state’s ailing Providence’s growing portfolio of regional, economy. community-based solar projects, now the largest of any renewable energy investment “Providence recognises the enormous company in Australia. opportunities that exist in our regions and we’re excited to be partnering with regional Like the NSW solar farms, the game-changer communities and offering opportunities for for the Victorian sites will be the construction more affordable energy and even local of innovative storage facilities based on investment. It’s particularly gratifying for us to hydrogen technology that’s being pioneered

Page 6 (Click on relevant project links to go to online Project Database) be making this investment in Victoria at this McGowan Government time, too, which has suffered so badly at the hands of this pandemic,” he said. launches Whole of System Plan 12 October “It’s also a partnership in furthering the - Renewable generation expected to triple by potential of renewable energy, both in terms 2040, helping drive down emissions of its generation and also its storage, helping - Energy Transformation Taskforce delivers Australia towards a cheaper, greener and inaugural Whole of System Plan more reliable solar energy supply future.” - Rooftop solar, wind generation and battery storage to play important role Source: Providence Asset Group Energy Minister Bill Johnston today launched Western Australia's first Whole of System Plan, which provides a 20-year outlook on the future of our main electricity network - the update South West Interconnected System (SWIS). 12 October Tilt Renewables advises that following the blade The plan models four scenarios detailing how detachment incident on a single turbine at the changes in demand, technology, and the Dundonnell Wind Farm on 5th October 2020, economy, may shape the way we use the required engineering investigation has now electricity, and guide the investments we been undertaken and an assurance testing make over the coming decades. procedure has been developed to allow the unaffected turbines to be progressively returned The modelling reveals renewable generation to service in a safe manner. is expected to triple by 2040, with a strong uptake in wind power. Rooftop solar will The testing and inspections have already been continue to displace traditional forms of completed on 25 turbines and these are now generation. fully operational. The remaining turbines will be inspected and returned to service over the Battery storage will also play a big part in our next 7 – 10 days, with the one damaged future, helping stabilise the system as well as machine expected to take several weeks for unlocking new markets. repairs to be completed. Renewable energy sources, including the In addition, until the root cause investigation 300,000 households with rooftop solar, has been completed and any required account for over 20 per cent of the annual remedial actions are implemented, all electricity generated in the SWIS. operational turbines will be subjected to an additional regular inspection regime, with Earlier this month, the Premier Mark Vestas deploying additional resources to the McGowan and Minister Johnston announced site for this purpose. the State Government's plan to construct WA's biggest battery. The commissioning process with the Australian Energy Market Operator has not The State Government is currently in been affected by this incident and Tilt discussions with the Commonwealth Renewables continues to expect the wind Government regarding potential funding for farm to progress through the remaining hold the project. A decision will be made later this points towards full operation over the year. remainder of the year. For more information on the Energy Source: Tilt Renewables Transformation Strategy and the Whole of

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System Plan, visit Commissioned in late 2019, Willogoleche https://brighterenergyfuture.wa.gov.au benefits from being located near major energy loads and having a robust grid Comments attributed to Energy Minister Bill connection. It also has well contracted cash Johnston: flows, including a power purchase agreement "The McGowan Government continues to with Simply Energy that runs to 2030. transform the energy landscape for all Western Australians, this Whole of System The investment also includes exclusive rights Plan will play an integral part in the State's to a pipeline of more than 1,300MW of solar transition towards a low carbon future. and wind development projects throughout Australia. "It's the most comprehensive modelling study ever undertaken into the future of WA's Tom Laidlaw, Managing Director of ICG, electricity system and it will support our commented: “We are delighted to be transition to low-cost electricity. investing in this high-quality renewables platform alongside two such well-regarded, "Our State is embracing renewable likeminded partners as ENGIE and Mitsui. generation, with one in three households having rooftop solar panels, this signifies that “This allows us to combine our collective battery storage will play an important role in expertise to develop innovative renewables our future." assets that not only meet the increasing demand from our institutional investors but Source: WA Government importantly accelerate our ability to build a portfolio that provides the Australian market with renewable energy at competitive pricing.”

Infrastructure Capital Group to ENGIE and Mitsui have successfully collaborated with other investors on similar acquire a majority interest in joint ventures and renewables platforms in Australian Renewable Energy other regions, including in Europe, North America and Asia. Trust 12 October The transaction does not require regulatory Infrastructure Capital Group, a leading approvals and financial close is expected by Australian infrastructure manager, with the end of October 2020. c.A$2.5bn of equity under management, is pleased to announce its Australian Source: Infrastructure Capital Group Renewables Income Fund (“ARIF”) has agreed to acquire a 75% interest in the Australian Renewable Energy Trust (“ARET”). PROJECT NEWS

ARET is a renewables platform and partnership Goldmine Solar Farm being established by ARIF and ENGIE Australia Ormed Investments Pty Ltd’s proposed & New Zealand (“ENGIE ANZ”), a joint venture Goldmine Solar Farm in the suburbs of between global energy giant ENGIE and Ormeau/Gilberton on the northern Gold Coast Japanese trading house Mitsui. has been recommended for approval by council. After a number of revisions since the Upon transaction close, ARET will be seeded application was originally lodged in 2017, the with the operational 119MW Willogoleche project now has a capacity of 33.47 MW with Wind Farm in South Australia. 86,935 solar panels, 13 inverter stations and a battery system installed on a project site of approximately 37.4 hectares.

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Australia’s first lithium-ion accelerate research and development as it starts to manufacture batteries locally. battery factory calls the Hunter Region home Patron Senator for the Hunter Region Hollie 13 October Hughes congratulated Energy Renaissance on Energy Renaissance, Australia’s first lithium- its investment in the Hunter during a ground- ion battery manufacturer, announced today breaking ceremony at the Tomago site today. that it will build Renaissance One, a new A$28 million battery manufacturing facility in “Energy Renaissance will make clean and Tomago. affordable energy more accessible and create greater energy security for Australia and our The company produces batteries that are neighbouring countries. safe, affordable and optimised to perform in hot climates. Energy Renaissance’s batteries “Once Renaissance One is operating at can be used to power infrastructure, capacity, it will be able to provide – in the buildings, businesses and homes. space of a year – enough batteries to power every public school, hospital, fire station, SES “We have settled on Tomago as the site of our unit and new homes built in Australia. first plant, construction will commence and the plant is scheduled for completion in “That’s reassuring because Australia will be 2021,” said Mark Chilcote, Managing Director able to rely on its own source of renewable of Energy Renaissance. energy in the very near future,” Senator Hughes said. Chilcote said that the 4,000 sqm purpose-built facility will be constructed by local property Hughes said that the company’s investment in developer ATB Morton and have an initial the local economy will support the Hunter battery production capacity of 66MWh per region and help lead Australia’s economic annum, with plans to scale its Australian recovery. operation to 5.3GWh of energy storage per annum with an additional investment of more I would like to encourage other manufacturers than $200 million. to move to the area to create a renewable energy manufacturing hub. “Over 1,700 direct jobs will be created during the construction and operational phase and “With its deep-water port and proximity to the another 6,500 indirect jobs will be generated Newcastle University there is no better for the benefit of the Hunter. location for renewable energy manufacturers.”

“The Hunter region has all the right skills, Chilcote said that building Renaissance One at natural resources, expertise and an Tomago will provide significant competitive abundance in solar energy for us to develop a advantages to Energy Renaissance. successful battery manufacturing business in Australia,” Chilcote said. “Access to the Port of Newcastle will allow us to ship our batteries to Southeast Asia while It’s expected that more than half of the working with highly-skilled talent from batteries produced at Renaissance One will be CSIRO’s Energy Centre and graduates from the exported through the Port of Newcastle. University of Newcastle.”

The Federal Government provided a co- Dr Jens Goennemann, Managing Director of funded grant of $246,625 through the AMGC said, “With its new site, Energy Advanced Manufacturing Growth Centre to Renaissance will leverage Australia’s Energy Renaissance. This has been used to abundance of natural resources by adding

Page 9 (Click on relevant project links to go to online Project Database) value to raw materials, building onshore described in more detail at the end of this capability, and exporting into global markets. press release. This in-turn will generate significant local manufacturing jobs and boost prosperity for In the Stated Policies Scenario, which reflects the nation while giving Australia a significant today’s announced policy intentions and foothold in the growing energy storage sector.” targets, global energy demand rebounds to its pre-crisis level in early 2023. However, this The Federal Government’s Technology does not happen until 2025 in the event of a Investment Roadmap has singled out the prolonged pandemic and deeper slump, as potential for Australia to be a world leader in shown in the Delayed Recovery Scenario. the investment for renewable energy. Slower demand growth lowers the outlook for Batteries produced by companies such as oil and gas prices compared with pre-crisis Energy Renaissance will make electricity clean trends. But large falls in investment increase and more affordable in Australia. the risk of future market volatility.

Source: Energy Renaissance Renewables take starring roles in all our scenarios, with solar centre stage. Supportive policies and maturing technologies are enabling very cheap access to capital in World Energy Outlook 2020 leading markets. Solar PV is now consistently cheaper than new coal- or gas-fired power shows how the response to the plants in most countries, and solar projects Covid crisis can reshape the now offer some of the lowest cost electricity ever seen. In the Stated Policies Scenario, future of energy renewables meet 80% of global electricity 13 October demand growth over the next decade. (Excerpt) Hydropower remains the largest renewable It has been a tumultuous year for the global source, but solar is the main source of growth, energy system. The Covid-19 crisis has caused followed by onshore and offshore wind. more disruption than any other event in recent history, leaving scars that will last for “I see solar becoming the new king of the years to come. But whether this upheaval world’s electricity markets. Based on today’s ultimately helps or hinders efforts to policy settings, it is on track to set new records accelerate clean energy transitions and reach for deployment every year after 2022,” said Dr international energy and climate goals will Fatih Birol, the IEA Executive Director. “If depend on how governments respond to governments and investors step up their clean today’s challenges. energy efforts in line with our Sustainable Development Scenario, the growth of both The World Energy Outlook 2020, the solar and wind would be even more International Energy Agency’s flagship spectacular – and hugely encouraging for publication, focuses on the pivotal period of overcoming the world’s climate challenge.” the next 10 years, exploring different pathways out of the crisis. The new report The WEO-2020 shows that strong growth of provides the latest IEA analysis of the renewables needs to be paired with robust pandemic’s impact: global energy demand is investment in electricity grids. Without set to drop by 5% in 2020, energy-related CO2 enough investment, grids will prove to be a emissions by 7%, and energy investment by weak link in the transformation of the power 18%. The WEO’s established approach – sector, with implications for the reliability and comparing different scenarios that show how security of electricity supply. the energy sector could develop – is more valuable than ever in these uncertain times. Source: IEA The four pathways presented in this WEO are

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IKEA Australia to transform Adelaide becoming 100% powered by onsite renewable generation. their iconic big blue boxes into clean energy power stations The Future 13 October IKEA and its partners will move to investigate IKEA Australia has today announced the the viability of hydrogen energy being launch of Australia-first clean energy storage generated on site. initiative that will support the South Australian power grid, in addition to powering There is also the possibility for IKEA to its Adelaide store. The initiative will be transform itself into an energy provider that Australia’s largest grid-connected commercial can create and sell clean, renewable energy to microgrid. the energy network.

The IKEA Australia Clean Energy Jan says, "The IKEA Australia Clean Energy Transformation Project will transition IKEA Transformation Project will help us achieve Adelaide to operating with 100% renewable three goals in our sustainability agenda energy by 2025 and will generate low cost and including: clean energy for the Adelaide community. The - being powered by 100% clean energy, project is being run in conjunction with Planet - transitioning our delivery fleet to 100% zero- Ark Power, the South Australian Government, emissions SA Power Networks and Epic Energy. - inspiring our customers in joining a clean energy movement. Stage 1 will see solar panels installed onsite on the rooftop of IKEA Adelaide, coupled with We are thrilled that this project will create an onsite battery, managed by Planet Ark new opportunities for job creation, Power’s unique digital platform - eleXsys innovation, economic growth and reduced energy management system. energy costs.

The owner and operator of the microgrid, Epic Our ambition is to be the first mover and Energy, will provide over 70% of the store’s inspire other IKEA stores to install larger solar electricity consumption. installations, batteries and digital solutions."

The installation of the eleXsys technology Source: IKEA solution will enable the surplus stored clean energy to be traded into the South Australian network when demand is at its highest. PROJECT NEWS Mooroopna Solar Farm EV chargers will be erected on site for GVCE Mooroopna Solar Pty Ltd has submitted customers, co-workers and the IKEA delivery a planning application for its proposed 23 MW fleet servicing South Australia. Mooroopna Solar Farm in Victoria. Stage 2 Shepparton City Council entered into a lease Will include the construction of sustainably arrangement with Goulburn Valley sourced timber PV shade structures across the Community Energy Pty Ltd (GVCE) for a site IKEA Adelaide car park. These structures will that will host the proposed $40mil host additional solar panels which will Mooroopna Solar Farm. GVCE Mooroopna increase the amount of surplus energy to be Solar is a ‘Special Purpose Vehicle’ (SPV) sold into the grid while continuing to power which consists of GVCE and AKUO Energy Pty the site. Ltd. The proposed lease is for a term of 25 years with an option to extend the lease for This stage will generate a further 30% the an additional 25 years. store’s energy needs, resulting in IKEA

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Hengtong Cable Australia to Australian assets under management as initial participants - will support and act towards supply Stage 2, Lincoln Gap deeper emissions reductions for Australia. Wind Farm 13 October Climate League 2030 asks participants to Hengtong Cable Australia will be supplying support efforts to drive a further reduction in 56km of 33kV, 30km of Fibre and 30km of annual greenhouse gas emissions of at least Bare Copper cable to RJE Global for the Stage 230 million tonnes on top of what is already 2 of Lincoln Gap Wind Farm in Southern projected for the end of the decade, and Australia. pledge at least one new action each year under three themes: Located near Port Augusta in South Australia, • Integration of Paris-aligned emissions the Lincoln Gap Wind Farm has been reduction goals into investment policies or operating with 126MW turbines from stage 1 business strategies. and construction of stage 2 now being • Collaboration between investors, clients and finalised. companies to deliver emission reductions. • Investment in new clean energy, clean The remaining 252MW is under development. technology and other projects and measures The wind farm will also include a 10MW grid that reduce Australian emissions. scale battery storage system. When fully operational, the wind farm with its complete Major institutional investors, Aware Super, capacity of 464MW is expected to supply Cbus, IFM Investors and the Queensland nearly 800,000MWh of clean energy to Investment Corporation have joined Climate Australian energy consumers. League 2030 as foundational supporters. The initiative is being coordinated by the Investor Source: Hengtong Cable Group on Climate Change (IGCC).

Institutional investors also participating at

launch include Aberdeen Standard

Investments, AustralianSuper, Australian New ten-year private sector- Ethical, HESTA, Impact Investment Group, focused initiative launched to Lendlease Funds Management, Local Government Super, New Forests, Pendal back deeper Australian Group, Pollination, UniSuper and the Victorian emissions reductions Funds Management Corporation. 14 October • Climate League 2030 launches with initial Source: IGCC participants of 16 institutional investors who have collective Australian assets under management of over $850 billion. • Initiative supports goal of reducing annual Share Purchase Plan closes greenhouse gas emissions by at least a further 230 million tonnes from what is projected for over target 2030, on the path to net zero by 2050. 15 October • Over coming months Climate League 2030 – SPP has closed over target with approximate will also be progressively opened to insurers, total of $3.1 million banks and companies to participate. – Approximately 26m new shares will be issued on Wednesday, 21st of October A new ten-year, private sector-focused initiative - backed at launch by 16 institutional 1414 Degrees is pleased to advise that the investors with over $850 billion collective Company’s Share Purchase Plan (SPP) has

Page 12 (Click on relevant project links to go to online Project Database) closed with an approximate total of $3.1 “The changes we’re recommending will million, exceeding the target amount by over improve the connection process for new $100,000. The board has decided to accept generators and set a clear direction for how the oversubscription amount. transmission networks, the market operator and generators should work together to keep The SPP provided an opportunity for all system voltage stable” she said. eligible shareholders to subscribe for up to $30,000 at 12 cents a share, a 12.6% discount “We’ve applied important lessons since we to the volume weighted average price of stepped in three years ago to make urgent shares on the ASX during the 5 trading days system strength changes as stability problems immediately prior to the announcement of emerged in the power system. the SPP Offer on 3 September 2020. Approximately 26,000,000 new shares will be “Now we are looking to the future.” issued on Wednesday, 21st of October 2020. The changes establish: Executive Chairman, Dr Kevin Moriarty 1. a network planning standard for higher commented “We are heartened by the strong levels of system strength in the grid, support of our shareholders at a pivotal time. 2. new technical standards on generators Their investment will enable us to prepare the connecting to the grid, and Aurora project for revenue generation from a 3. mechanisms to coordinate supply and hybrid power plant with our patented thermal demand with the costs shared between energy storage.” new generators and customers.

Source: 1414 Degrees Higher network planning standard • AEMO to release an annual system strength report using ISP inputs to assess nodes where the planning standard will Stronger future for renewables apply • Transmission network businesses must in a stronger national put options in place to meet the higher electricity market system strength requirement determined by the new standard 15 October

Investigation into system strength New technical standards on connecting frameworks in the NEM: final report generators wanting access to the grid. The Australian Energy Market Commission • Short circuit ratio measurements - (AEMC) today released a plan to stabilise the requiring generators to make sure they power system as the market transformation can maintain stable operation even in accelerates. lower system strength conditions.

• Voltage phase shift – requiring generators Our proposals evolve the framework for to maintain continuous operation managing system strength. System strength is following a large shift in the phase of an essential service that every power system voltage. needs. It is all about keeping voltage under control in the face of disturbances, as well as Improved coordination between system maintaining stable operation more generally. strength supply and demand

• The solutions procured by transmission AEMC Acting Chair, Merryn York, said the plan network businesses are coordinated by was the result of extensive collaboration to AEMO through the central dispatch understand stakeholder issues and develop a process, to make sure the system stays better way forward. safe and secure.

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• The system strength mitigation faced costs and time delays in connecting requirement shares the cost of system to the grid. Having to procure system strength between consumers and strength when it becomes a problem, generators and includes the rather than ahead of time, has led to establishment of system strength zones to unforeseen costs. Obligations on help create clear price signals for transmission businesses and the market generator investment based on their operator, AEMO, have not always been relative need for system strength support. clear and it has been hard to achieve economies of scope and scale Next steps • These changes will secure enough system The AEMC’s work complements and is strength services to keep the system secure, consistent with the Energy Security Board’s and support more timely connection of new program to design what essential system generation so consumers can benefit from services will look like in a post 2025 energy having more cheaper and lower emissions market. Our work on investing in system generation. The changes will also help to strength has been prioritised in response to manage demand for system strength, so stakeholder feedback that provision of system this valuable resource is used as efficiently strength is an urgent issue and should be as possible. resolved as soon as possible. Source: AEMC An AEMC public forum will be held on 22 October 2020 in order to seek stakeholder feedback on the direction set out in this PROJECT NEWS report. Registrations for this can be made on Carmody’s Hill Wind Farm our website. Georgetown Hills Renewable Energy has

submitted a referral for its proposed 270 MW Based on the high level design of the evolved Carmody's Hill Wind Farm, 7km east of framework set out in this final report, we will Georgetown and Gladstone in South Australia, continue to develop the next level of detail of to the federal Department of Agriculture, these reforms, as well as any transitional Water & Environment for assessment under mechanisms, through the rule change the EPBC Act. A development application by request we have received from TransGrid. Pacific Hydro for a 70-turbine project was

approved by the Northern Areas Council in Stakeholders then be invited to provide December 2009. However the project formal submissions to the draft determination footprint was modified by the new developers of that rule change. to have fewer turbines and an additional

potential infrastructure location for the site Why we need these changes substation, energy storage and operations • In the past, system strength was a natural and & management facility. The revised by-product of generation such as coal, gas proposal is for up to 45 and hydro. We need to manage the power generators of up to 6.6 MW and a battery system differently as it moves to a greater energy storage facility with an indicative penetration of new technologies that capacity of 128 MW. An overhead don’t have system strength embedded in transmission line of approximately 14.5 km their way of operating. maximum will connect the project substation • Australia has particular system strength to the ElectraNet network West of challenges due to its long stringy electricity Georgetown. The total project area is 4519 grid and one of the fastest rates of energy hectares predominantly on private property market transformation in the world. or within road reserves, with the permanent • These changes address problems footprint of the development comprising experienced by generators who have 174ha.

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Renewable Energy Target to Action Plan that outlines our vision and suite of actions to develop renewable energy deliver for Tasmania generation in Tasmania over the coming 20 15 October years. The Tasmanian Renewable Energy Target (TRET) will double our renewable generation Our number one priority is to create jobs, to a global-leading target of 200 per cent of rebuild the economy and protect the our current needs by 2040. Tasmanian way of life, which is why we continue to back our State’s renewable Legislation to deliver the TRET will be tabled energy future. today in Parliament, confirming our commitment to the sector that has the Source: Tasmania Government potential to deliver Tasmania billions of dollars of investment and thousands of jobs through greater investment in wind, pumped PROJECT NEWS hydro and renewable hydrogen initiatives. Walla Walla Solar Farm The ambitious target will be supported by our The NSW Department of Planning, Industry & world-class water and wind resources and will Environment has now completed its double our renewable energy generation of evaluation of the proposed Walla Walla Solar 10,500 gigawatt hours to 21,000 gigawatt Farm and provided it to the Independent hours. Planning Commission NSW for determination.

As part of this pathway, the Government has In line with regulatory requirements also set an interim target of 15,750 gigawatt introduced in response to the COVID-19 hours of electricity generation from (Coronavirus) pandemic, the Commission is renewable energy sources by 2030. not holding face-to-face public meetings at this time. To ensure interested individuals Our renewable energy future has the and/or groups can still have their say on the potential to create thousands of jobs and Walla Walla Solar Farm, the Commission will benefit our state for decades to come, conduct a public meeting remotely by video transforming Tasmania from being Australia’s conference (with an option to participate by renewable energy powerhouse into a world telephone). leader of clean, reliable and affordable energy. Commissioners Andrew Hutton (Panel Chair) and Professor Zada Lipman have been Importantly, Tasmania is already taking the appointed to determine this state significant lead in this area and we are fast approaching development application. They will host the our target to be 100% self-sufficient in electronic Public Meeting from 10am AEDT on renewable energy by 2022 – a feat achieved Thursday 5 November 2020 to hear directly by very few countries in the world. from community members.

The legislation will also improve the More information is available from coordination between electricity generation https://www.ipcn.nsw.gov.au/projects/2020/ and the transmission infrastructure required 10/walla-walla-solar-farm-ssd-9874 to support and enable future renewable energy projects. Source: Independent Planning Commission NSW Tasmania has what the nation wants in reliable, clean and affordable renewable energy, and this legislation is another key plank in the Tasmanian Renewable Energy

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Major step forward for world- Government's $22 million investment in developing WA's hydrogen industry. leading Pilbara renewable energy project The development will ensure the Pilbara, and 16 October international customers are able to access - Environmental approval granted for first competitively priced green energy. stage of Asian Renewable Energy Hub (AREH) north-east of Port Hedland Plans for the first stage of the project, which - First stage of project set to produce 15GW of the McGowan Government granted Lead wind and solar power and provide 3GW of Agency Status in 2018, include 10GW of wind low-cost green energy to local people and generation and 5GW of solar generation. industry - Major step forward to WA's renewable At least 3GW of the power generated is hydrogen industry expected to be made available cheaply for - Full project will produce up to 26GW and Pilbara users. create significant new manufacturing opportunities for WA The scale of the project will enable the creation of new supply chain facilities for the A globally significant renewable energy manufacturing and assembly of equipment for project in the Pilbara has taken a major step wind and solar generation and for hydrogen forward, with State environmental approval production, which will create new, local, high- granted for the Asian Renewable Energy Hub. value jobs.

The 15GW first stage of the Asian Renewable Cheap, clean energy can also support new and Energy Hub, a large-scale wind and solar expanded mines, downstream mineral hybrid renewable energy project near Port processing, and large scale production of Hedland, could create thousands of jobs in the green hydrogen products for domestic and Pilbara and would be one of the world's export markets. largest renewable hydrogen projects Most of the project infrastructure is in the The approval marks a major step forward for Shire of East Pilbara, with an infrastructure the project, which plans to eventually expand corridor proposed to pass through the Shire of to 26GW of renewable wind and solar Broome to the coast to provide an offshore generation, providing energy to service export terminal. industries in the Pilbara and provide markets in Asia with green hydrogen and ammonia. Comments attributed to Regional Development Minister Alannah MacTiernan: The project will create significant new "The Asian Renewable Energy Hub could manufacturing opportunities in Western transform the Pilbara, create thousands of Australia. jobs and be a major contributor to global efforts to decarbonise the economy. The proponent estimates up to 5,000 direct construction jobs during the 10-year project "The project partners have extensive construction period, with 3,000 direct jobs experience developing wind and solar farms created for the 50-plus year operational globally, and today's environmental approval period. is a major step forward.

The move follows the WA Recovery Plan "This development will demonstrate Western initiatives to bring forward the Western Australia's credentials as a world-class Australian Renewable Hydrogen Strategy investment destination for green energy goals from 2040 to 2030, and the McGowan generation, including the production of

Page 16 (Click on relevant project links to go to online Project Database) exportable commodities, like green hydrogen communities. Our teams understand the and ammonia, and green steel manufacturing. importance of energy efficiency in sustainability strategies. With a focus on "It will put Western Australia on the map as a ensuring systems are as efficient and effective major contributor to lowering global carbon as possible, we can help your business emissions." transition to a cleaner energy future.

Source: WA Government Source: Calibre Group

Calibre to be part of Rio Tinto’s first solar plant in Western Australia Calibre has been awarded the provision of Project Management Services to support the construction of a new solar photovoltaic (PV) system at Rio Tinto Koodaideri mine site.

The 34MW photovoltaic solar plant will consist of approximately 100,000 solar panels made up of PV cells to convert the Pilbara sunlight into electricity, which is estimated to supply up to 65% of the mine site’s average power. Calibre’s Wayne Le Dan, Area Manager and Peter Wood, lead Electrical Engineer will lead the team over the coming months, with construction expected to begin later in the year.

This work is in addition to the support that we are already providing on Rio Tinto's Koodaideri project. Our existing packages include engineering and site support for the construction of the Koodaideri railway, Autohaul® Rail Systems plus the Koodaideri Mine Process Control Systems.

Adrian Chapman, Manager Mining and Minerals WA, said Calibre is proud to be working on such a significant project. “We echo Rio Tinto’s sentiment that we can be part of the solution and continue to look for ways to assist all companies to achieve their renewable and sustainable goals.” Said Mr Chapman.

Our overall objective is to help achieve energy productivity and carbon reduction in all industries, ensuring our solutions are integrated to future proof the well-being of

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