Project Update Week ending 6 July 2018

Interconnection with NSW to deliver customer savings 29 June ElectraNet has today released a draft report on its investigation of options to support “South Australia is a national leader in South Australia’s energy transformation. renewable energy and we have an opportunity to further build on this The report identifies that the construction of a reputation. Interconnection with NSW would new, high capacity interconnector between enable South Australia to increase renewable South Australia and New South Wales would energy production and export it into the deliver substantial economic benefits. national market.”

Independent modelling by ACIL Allen Mr Masters said based on current estimates, a estimates that annual residential customer new interconnector would cost $1.5 billion bills would reduce by up to about $30 in across both states, and subject to receiving all South Australia and $20 in New South Wales. necessary environmental and development approvals, could be delivered between 2022 ElectraNet Chief Executive, Steve Masters said and 2024. an interconnector with NSW was found to provide the largest net benefits to customers “To deliver the project, ElectraNet would of all the options considered. partner with TransGrid, the manager and operator of the high voltage electricity “Construction of a new 330 kV line between transmission network in NSW. Should the South Australia’s mid-north and Wagga project be approved, TransGrid would fund Wagga in New South Wales, via Buronga, is the works within its jurisdiction. expected to deliver the highest net market benefits by helping to lower electricity prices, “Our work has been closely coordinated with improve system security and support our the Australian Energy Market Operator energy transformation towards a lower (AEMO)’s national planning process that has carbon emissions future,” Mr Masters said. identified increased interconnection from South Australia as one its key national “Net market benefits are estimated to be transmission priorities,” Mr Masters said. around $1 billion over 21 years. In November 2016 ElectraNet began a process “Savings to customers in South Australia could to explore the technical and economic be delivered as soon as the interconnector is feasibility of a new interconnector with the built. This would largely be due to the eastern states, as well as non-network interconnector placing downward pressure on alternatives, through the Regulatory wholesale electricity prices. Investment Test for Transmission (RIT-T).

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The RIT-T is the economic cost benefit test provide clean energy to power approximately that is overseen by the Australian Energy 63,500 Tasmanian homes each year. Regulator (AER) and applies to all major network investments in the National “Entura’s wealth of experience in renewable Electricity Market. energy projects around the world, coupled with its intimate knowledge of Tasmania’s Throughout the RIT-T process ElectraNet will power system, will help ensure the successful continue to consult with a range of delivery of this project,” said John Titchen, stakeholders, including customer Managing Director of Goldwind Australia. representatives, AEMO, government and other interested groups. Electricity network operator TasNetworks is commencing all works required to connect Stakeholders, interest groups and members of the to the Tasmanian grid. Entura is the public are invited to have their say on the partnering with the principal contractor Zinfra findings of the draft report, with submissions to support TasNetworks’ Waddamana due by 10 August 2018. Submissions can be substation and grid augmentation emailed to [email protected]. requirements.

The next step of the RIT-T involves the “We’re pleased to be partnering again with publication of a Project Assessment Goldwind Australia, TasNetworks and Zinfra to Conclusions Report, which ElectraNet help deliver in our home currently anticipates will be released by state of Tasmania,” said Entura Managing November 2018. The AER will then make a Director Tammy Chu. “The project will make a final ruling on the outcome of the RIT-T positive and enduring contribution to our before the project proceeds. clients and the local community, as well as support the State’s future ambitions.” For a copy of the draft report, more information about the South Australian Entura recently acted as independent advisor Energy Transformation project and to Goldwind Australia during construction of information about public consultation the in New South click here. Wales, providing engineering design review and site inspections for the balance of plant Source: Electranet contract, which included the main wind farm civil and electrical works. In Tasmania, Entura delivered end-to-end services for a number of Entura named owner’s wind power projects, including Musselroe, Woolnorth and Studland Bay wind farms. engineer for Cattle Hill Wind Farm Entura draws on more than 20 years of experience at the forefront of the industry 2 July developing and delivering wind farms in Specialist power and water consulting firm Australia. Around the world, the firm has been Entura has been appointed by Goldwind involved in more than 100 advanced and Australia as Owner’s Engineers for the Cattle operational wind farms with projects totalling Hill Wind Farm in Tasmania. greater than 20 000 MW in India, South

Africa, Sri Lanka, China, the Philippines, New Located on the eastern shore of Lake Echo in Zealand and the Pacific. the southern side of Central Tasmania, the wind farm will consist of 48 turbines, Source: Entura producing up to 144 MW of clean renewable electricity. Once operational, the project will

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Electricity price relief for Having turned the corner on power prices, it is important for consumers to make sure they households & businesses in are getting the best deal by logging onto the QLD, NSW & SA Government’s comparator site Energy Made 3 July Easy. Around 4.3 million households across Queensland, New South Wales and South To search for a better energy deal, Australia are now benefiting from a reduction visit energymadeeasy.gov.au or, in in retail electricity prices. Victoria, compare.switchon.vic.gov.au.

This follows the Turnbull Government’s Recent analysis by the Australian Energy intervention in the gas market last year to Market Commission has found that customers ensure more gas for domestic use before it is moving off standing offers could save up to shipped offshore. With gas fired power plants $832 in South Australia, $574 in Victoria, $504 playing an increasing role in setting electricity in South East Queensland, $365 in New South prices, securing this additional gas has seen Wales and $273 in the Australian Capital the wholesale price of electricity decline Territory. around 25 per cent in the first six months of this year compared to the same period in Source: Australian Government 2017.

The benefits from falling prices are significant: juwi Request for Proposal - If you’re with and you run a Solar PV developers and land owners are small business in Queensland, you will see up invited to participate in the juwi Request for to a $1470 saving in your power bill each year. Proposal process. If you're a household, you will see a saving of around $140 a year. juwi is seeking to acquire solar PV - In NSW, EnergyAustralia customers on their development sites that can accommodate Secure Saver will see a $65 reduction in their large scale PV projects (>40 Megawatts) annual household electricity bills and a small located in either New South Wales or Victoria. business in South Australia with Red Energy could save up to $1360. juwi will consider projects in the early stages of development as well as projects which have Further power price relief is on the way. The progressed through various approvals National Energy Guarantee, in conjunction required to construct the project and connect with existing policies, has been forecast to to the transmission network. reduce household electricity bills by $400 according to the independent Energy Security The online Request for Proposal form is Board. available here: http://www.juwi.com.au/rfp/

On top of this price relief, more consumers Source: juwi Australia are also getting a better deal since the Government’s meeting with the energy retailers in August last year. As a result of the meeting and the retailers commitment to write to 1.6 million households to tell them of better deals: - around 270,000 fewer customers are on market offers with expired discounts; and - around 230,000 fewer customers are on standing offers.

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Historic Snowy deal now can finance the project itself using retained earnings and borrowing. complete 3 July The Snowy Hydro Board is expected to make a The Turnbull Government has now taken full final investment decision on the Snowy 2.0 ownership of Snowy Hydro Limited in a deal project later this year. that paves the way for the Snowy 2.0 project to proceed to a final investment decision by Source: Australian Government the independent Snowy board.

The historic agreement is part of our plan for a stronger economy. It will help generate Green hydrogen innovation more affordable, reliable electricity, and hub to be built in WA create new jobs. 3 July On behalf of the Australian Government, the The deal will also fund congestion-busting Australian Renewable Energy Agency (ARENA) infrastructure, with more than $6 billion in has today announced $1.5 million to fund Commonwealth funds flowing to New South Australia’s first green hydrogen innovation Wales and Victoria for productive hub at Jandakot in Western Australia. infrastructure investments. In Jandakot, ATCO will trial the production, Snowy Hydro will continue to operate as an storage and use of renewable hydrogen to independent commercial company and, most energise a commercial-scale microgrid, testing importantly, this iconic infrastructure will the use of hydrogen in different settings and remain in public ownership. applications including in household appliances. Snowy Hydro is a critical player within the National Electricity Market (NEM). The The $3.3 million development project will company owns and operates 5500 MW of evaluate the potential for renewable generation capacity including the iconic hydrogen to be generated, stored and used at . a larger scale. ATCO aims to assess the practicalities of replacing natural gas with Snowy 2.0 is a proposed expansion of the hydrogen at a city-wide scale across a Snowy Mountains Scheme and will provide an municipality. additional generation capacity of 2000 MW, enough to power the equivalent of 500,000 Green hydrogen will be produced from on-site homes at peak demand. solar using electrolysis, fuelling a range of gas appliances and blending hydrogen into the The project will help make renewables natural gas pipeline. reliable, reduce volatility in energy markets and provide other services critical to the The project will also build upon ATCO’s security of the NEM. distributed energy hybrid energy system trial called GasSola which includes the installation Earlier this year, the Snowy 2.0 feasibility of rooftop solar with battery storage and study found that: standby natural gas generation for nine - the project is technically feasible – it can be residential sites in Western Australia’s south built and Snowy Hydro have a base-case west. design and detailed construction schedule; - the project is financially feasible as it meets ARENA CEO Ivor Frischknecht said the ATCO Snowy Hydro’s stringent investment hurdles; trial could lead to hydrogen being used more and widely across Australia. “Green hydrogen

Page 4 (Click on relevant project links to go to online Project Database) offers opportunities to provide carbon free Holistic planning integral to energy to cities and towns, while leveraging existing natural gas infrastructure,” he said. managing disruption in the energy sector “Along with ARENA’s R&D funding round 4 July focussed on exporting hydrogen, this project As the system and market operator, AEMO’s will explore the opportunities for hydrogen in role is to deliver energy security to all Australia, which could also include the Australians. We do this by putting in place development of standards for green hydrogen plans to manage the energy transition to a production, distribution and use,” he said. low emissions future, paving the path towards a cost efficient and secure power system. ATCO Managing Director and Chief Operating Officer Pat Creaghan said: “Securing this grant What many might not know, AEMO is the is a major accomplishment. We intend to play Transmission Network Service Provider in a leading role in the development of forward- Victoria, with responsibility for the planning of thinking, clean energy solutions, and our the state’s transmission network. This means Clean Energy Innovation Hub is at the very we work closely with infrastructure investors heart of those plans. The project has many and large customers to make decisions on exciting elements, but what truly sets it apart when and where new transmission network is the use of excess renewable energy, which infrastructure should be built, and would typically be lost to the system, to importantly at the lowest possible cost. produce hydrogen.” Findings from AEMO’s recently released Source: ARENA Victorian Annual Planning Report (VAPR) indicate that a coordinated planning approach to energy infrastructure is essential to PROJECT NEWS managing the tangible impacts of the energy Twin Creek Wind Farm disruption. This report is published annually Public comment has been invited by the and looks at the needs of the Victorian federal Department of Energy & the transmission network over the next 10 years, Environment for RES Australia’s proposed 185 foreshadows any issues that might arise and MW Twin Creek Wind Farm, 80km north-east identifies the plans we have in place to meet of Adelaide in the Mid North area of South reliability and security over the decade. Australia. The proposed wind farm will include up to 51 wind turbines and a 215 MW We’ve listed the key insights outlined in the containerised battery energy storage system. VAPR requiring an all of industry approach to Each turbine will have a maximum height of deliver for Victorian consumers: up to 180 m (at the blade tip). They will be rated at approximately 3.6 MW each, bringing Unlocking the potential of western Victoria – the total installed wind capacity up to around AEMO has identified an ongoing increase in 185 MW. Approximately 15 km of 275 kV the number of renewable generation projects overhead electrical cabling will be installed to in western Victoria and this trend is forecast connect the onsite substation to the terminal to continue. The level of investment has substation located approximately 5 km east of resulted in the need to upgrade the energy Truro. The project area is ~5600 ha, but the infrastructure in the region, to relieve disturbance footprint is only ~90 ha. congestion and support the efficient delivery of energy from these renewable energy hubs to meet future needs.

Managing voltages within operational limits at low demand – the number of solar and home

Page 5 (Click on relevant project links to go to online Project Database) battery installations continue to rise as • Array piling, tracking system commenced consumers embrace being more engaged with and the first solar modules installed their energy use. This has resulted in reduced demand from the grid, which means we need Carnegie Clean Energy Limited (ASX: CCE) is to look at adopting a different approach to pleased to provide an update in regards to the managing the core engineering dynamics 10MW Northam Solar Farm being constructed (such as voltage control) of a functioning, approximately 100kms east of Perth. The secure grid. project construction works are now well advanced and the project is on track to Increasing Victorian to NSW export capacity – commence commercial operations in the last the role of Australia’s electricity quarter of the 2018 calendar year. interconnectors has always facilitated the sharing of energy across states, and delivered All detailed engineering is complete as is all economic benefits to consumers by doing so. procurement for major long lead items. The Increasing the ability of the interconnector to Northam Solar Farm comprises high quality share energy from Victoria to New South componentry from major suppliers such as Wales will ultimately boost the economic Schneider (switchboards), Risen (PV modules), benefits to consumers. ATI (solar tracking) and SMA (Inverters).

AEMO is in the process of undergoing several Western Power connection works to 22kVa regulatory investment tests for transmission substation feeder are on target for (RIT-T) to address the issues highlighted completion this month. above. These RIT-Ts will allow AEMO to identify the most economic option that will All site preparatory works (site access, deliver long-term solutions to these issues. fencing, gates and security, internal roads and site buildings and facilities) are complete. Against the backdrop of an aging Victorian Piling works for the solar array are well power system and an energy transformation advanced and tracking system construction that is gaining pace, it is more important than has commenced. ever to apply a holistic framework across the power system so that challenges are not The first solar modules have been mounted to viewed in isolation. An integrated and confirm layout accuracy and fine tune strategic approach that looks across the entire construction jigs. Trenching for cable runs is supply chain is necessary to enable also now under way. The fabrication of the investment decisions to be made in the long- solar farm’s substation is also well progressed term interests of consumers… so stay tuned at EMC’s Belmont facility. for the upcoming release of AEMO’s inaugural Integrated System Plan. Carnegie retains its 50% share of the Northam Solar Farm as part of the recently announced Source: AEMO proposed merger of Carnegie’s EMC subsidiary with ASX-listed Tag Pacific. The Northam asset is a source of value for Northam Solar Farm Carnegie to support the ongoing commercialisation of its CETO wave construction update technology. 4 July • Northam Solar Farm project on track for Q4 Source: Carnegie Clean Energy commissioning • All engineering and site preparation works complete

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ABB to upgrade historic New carried out in a manner that minimizes impact on the grid and the power-trading market. Zealand HVDC link 4 July “This upgrade will enhance grid reliability and ABB, a pioneering technology leader, has availability thereby increasing power security received an order from Transpower New and bringing clean power to consumers.” said Zealand to upgrade its high-voltage direct Claudio Facchin, president of ABB’s Power current (HVDC) link which interconnects the Grids division. “The project reiterates our transmission grids of the North and South strategic focus on service, our commitment to islands. integrating renewables, and the role of digital technologies based on our ABB Ability based The link is a vital element of the country’s technologies and reinforces our HVDC transmission system and is used as an energy- technology leadership, as a partner of choice balancing system, between the two islands. for enabling a stronger, smarter and greener ABB Ability MACH control system, which acts grid.” as the brain or nerve centre of the link will be a key component of the upgrade. Source: ABB

The North Island houses more than three times the population of the South Island, which besides its picturesque landscape, Maffra Solar Farm receives offers vast amounts of hydro power. As a planning approval consequence, demand for power on the North 4 July Island is substantially higher and relies on Wellington Shire Council has approved a power generated on the South Island. The planning permit for the development of a more than 600-km long North-South HVDC $40m solar farm, located north of Maffra. interconnection enables efficient transmission of clean power to areas of high demand. The The project applicant, ARP Australian Solar Pty link also plays an important role in the New Ltd, plans to construct the farm on a 63- Zealand electricity market by allowing power hectare property located at 148 Brewers Hill trading between the two islands. Road.

ABB has an historic involvement in the link. The development will see 125,000 solar The first New Zealand link was commissioned panels installed on-site, and it is estimated the by ABB, (erstwhile ASEA), in 1965 as one of farm will produce enough electricity to power the first HVDC transmission systems in the over 7,000 homes. world. It was originally a bipolar 600 megawatt (MW) link with mercury arc valves, It will be the first solar farm located in until the original equipment was paralleled Wellington Shire, and aligns with Council’s onto a single pole in 1992, and a new commitment to develop a sustainable and thyristor-based pole was commissioned by environmentally friendly municipality. ABB alongside it, increasing capacity to 1040 MW. The first installation was Development of the solar farm will also decommissioned in 2012 after 47 years in benefit the local economy, with the operation. proponent estimating approximately 200 jobs will be created during the construction phase. The scope of the project includes a valve A smaller number of ongoing employment upgrade of pole 2 consisting of capacitors, opportunities will also be available once the fiber optics and valve control units based on farm is operational. the latest ABB Ability MACH control system. The upgrade, to be finalized in 2020, will be

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Extensive consultation was undertaken by Bloomberg NEF New Energy ARP Australian Solar Pty Ltd with neighbouring properties and the local Outlook 2018 community prior to the permit being issued. Highlights 1 "50 by 50" Wellington Shire Council looks forward to Cheap renewable energy and batteries working with ARP Australian Solar Pty Ltd fundamentally reshape the electricity system. during this project, and welcomes their Batteries boom means that half of the world’s investment into our local economy. electricity by 2050 will be generated from wind and solar. Source: Wellington Shire Council 2 PV, wind and batteries trifecta. The cost of an average PV plant falls 71% by PROJECT NEWS 2050. Wind energy is getting cheaper too, and we expect it to drop 58% by 2050. PV and Mulwala Solar Farm wind are already cheaper than building new ESCO Pacific’s proposed 80 MW Mulwala large-scale coal and gas plants. Batteries are Solar Farm was placed on public exhibition by also dropping dramatically in cost. Cheap NSW Department of Planning and batteries enable wind and solar to run when Environment. The project area is located the wind isn’t blowing and the sun isn’t approximately 2km north of Mulwala shining. township, within the Southern Riverina region of NSW and the Federation Council Local 3 Coal is the biggest loser in this outlook. Government Area. The project area crosses Coal will shrink to just 11% of global electricity the properties of one landholder who is generation by 2050, from 38% currently. engaged in agricultural and grazing activities. The total project area under assessment for 4 Gas consumption for power generation this EIS is 420 hectares, while the increases only modestly out to 2050 development footprint for the solar farm will Despite growing capacity, as more and more utilise up to 215 hectares. A 132 kV gas-fired facilities are either dedicated transmission powerline runs along the peakers or run at lower capacity factors southwest boundary of the project area and helping to balance variable renewables, rather connects into ’s Mulwala 132 than run flat-out around-the-clock. Gas use kV substation located south of the boundary declines dramatically in Europe, grows in of the project area. China and picks up materially in India beyond 2040. The solar farm will comprise up to 300,000 modules and include a battery storage area. It 5 Electric vehicles add around 3,461TWh of is expected that the construction phase for new electricity demand globally by 2050, the Project will take approximately eight equal to 9% of total demand. months from initial site works through to Time-of-use tariffs and dynamic charging commissioning and is anticipated to have a further support renewables integration: they 40-year operational life span. During allow vehicle owners to choose to charge construction there will be up to 130 staff and during high-supply, low-cost periods, and so contractors employed, while during help to shift demand to periods when cheap operations there will be up to four staff for renewables are running. maintenance and monitoring activities. The full report can be accessed here: https://about.bnef.com/new-energy-outlook/

Source: Bloomberg NEF

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Ngawha drives Top Energy Chief Executive Russell Shaw said while the 2017/2018 financial year had been increased revenue from Top challenging, progress had been made on a Energy number of fronts as well as the Ngawha 5 July project. - Full Year Revenue improvement from Ngawha generation “Safety at work has been a big focus for us - Generation expansion approved by Board and our industry. We are very pleased to and shareholder report no lost-time injuries during the 12- - Record year for safety – zero LTIs month period, a first for Top Energy,” he said. Strong performance from the Ngawha geothermal power station in the 2017/2018 The largest non-line investment for the financial year further underlined the approval Network, of $10m, was approved to deploy an by the Company’s Board and Shareholder for additional 9MW of diesel generation as an expansion of the station. The expansion will economic alternative to improve security of more than double its generating capacity. supply and reliability to consumers in the Kaitaia region. This will be delivered over the The $176 million project to add more next two years. generation capacity (28MW) at the Ngawha site will be the largest capital project in the Source: Top Energy history of Top Energy.

Chairman Richard Krogh said the Ngawha Liverpool Range Wind Farm expansion would play a key role in Top Energy’s future and make a considerable has been granted EPBC contribution to the Far North community. approval 5 July “Over the long term, we expect the larger The Liverpool Range Wind Farm has achieved Ngawha to reshape the Company’s revenue federal Environment Protection and and balance sheet and add value to the Far Biodiversity Conservation Act 1999 (EPBC) North economy for decades to come,” he approval subject to the conditions specified said. by The Department of Environment and Energy. Commissioning of the station will improve the security of the electricity supply and The species of particular interest are the significantly reduce Northland’s reliance on Regent Honeyeater and the Swift Parrot and the National Grid, which transports power impacts to their habitat will be minimised. from the south. Source: Epuron It is projected that 90% of the time, excess power from Ngawha will be exported on to the National Grid, to be used by consumers south of the Top Energy network.

As well as gaining resource consent approvals in July 2017, the project received Major Transaction approval from the Top Energy Consumer Trust and the Top Energy Board in November 2017. Initial construction got underway in late 2017.

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Wind farm powers surge in generating enough clean energy to power 250 average Australian households. green energy at Monash 5 July Over the last year over 6000 light fittings have Monash University has signed an off-take been upgraded to super-efficient LEDs and all agreement from the new buildings are eliminating natural gas. An in Western Victoria to help meet its target of on-site microgrid is being built at the Clayton achieving Net Zero Emissions by 2030. campus to help the University control when and how energy is used and support the Under the deal, Monash will buy the rights to national electricity grid, during peak times. both electricity and large-scale renewable energy certificates (REC’s) generated by the “Along with ongoing improvements in energy Murra Warra Wind Farm. efficiency, we are electrifying all of our buildings paving the way for Monash to be This long-term power purchase agreement is 100% powered by clean renewable wind and part of the 226 megawatt (MW) first stage of solar energy,” Dr. Wasiluk said. the Murra Warra Wind Farm near Horsham, which is currently under construction and Source: Monash University expected to be fully operational in 2019.

The agreement brings Monash into a Telstra led consortium of electricity buyers TransGrid opens Sydney DM established in late 2017. Telstra welcomed tender Monash to the consortium, with James 5 July Gerraty, Head of Telstra Energy, saying the New South Wales transmission operator introduction of Monash strengthened the TransGrid has opened a tender process to buying group. procure at least 40MW of demand management solutions in Sydney’s CBD, with “Adding Monash to the consortium further a successful process to defer more than $236 strengthens the buying group for the Murra million of network investment – the largest Warra Wind Farm and we welcome them to capital expenditure deferral by non-network the project. We’ll continue to look for ways to solutions in Australian history. use our expertise in this area to help more of Australia’s businesses and organisations meet The network’s Powering Sydney’s Future (PSF) their energy challenges.” project is designed to reinforce the power supply to the inner city as cables supplying the Building and Property’s Sustainable area reach the end of their technical life and Development Planner, Dr. Kendra Wasiluk need to be retired. said the University is committed to facilitating a renewable energy powered future. As part of a proposal approved by the Australian Energy Regulated earlier this year, “This procurement of off-site renewable TransGrid will defer investment in a new energy marks an important step towards our 330kV cable construction by procuring a goal of being powered by 100% renewable variety of demand management solutions to energy. It will reduce our carbon footprint and reduce the risk of unserved energy to allow the University to manage its exposure to consumers in Sydney as existing infrastructure volatile energy prices,” Dr. Wasiluk said. reaches the end of its serviceable life.

Monash’s Net Zero transformation is now well TransGrid’s Energy Services Manager, Rachele underway with more than 4000 solar PV Williams, said the company had been panels installed across the campuses

Page 10 (Click on relevant project links to go to online Project Database) encouraged by industry and stakeholder Tilt Renewables June 2018 feedback in the lead up to the tender process. quarter production results "We have seen a very strong response from 5 July non-network proponents in our early In the three months to 30 June 2018 (June consultation, and there’s a lot of potential for 2018 quarter) group production across the Tilt deferring the commissioning of network Renewables portfolio was 50% above the June infrastructure through the use of non-network 2017 quarter result and approximately 7% solutions," Ms Williams said. ahead of long-term expectations.

"In particular we’re interested in non-network Production across the Australian portfolio was solutions to manage electricity demand to significantly higher compared to the prior reduce risk in inner Sydney during summer corresponding period due to the wind heatwaves. conditions reverting close to long term expectations and the generation achieved "We’ve seen a range of options from during the commissioning of Salt Creek Wind renewable generation, load curtailment, Farm (which was 6.9 GWh in the month of demand response, and battery storage June). solutions. The June 2018 quarter production in Australia "As far as we are aware, this is one of the was also slightly reduced by constraints put in largest capital expenditure deferrals by non- place by AEMO on all South Australian non- network solutions in Australia to-date." synchronous generation (including Snowtown I and II wind farms) which resulted in TransGrid’s tender process will run in two approximately 10GWh of lost production stages, allowing flexibility to procure more during the quarter. These constraints were demand management should demand not in place in the June 2017 quarter. forecasts or cable conditions change. New Zealand production was 19% above long- The first stage is seeking 20MW for this term expectations in the June 2018 quarter, coming summer, and 40MW for the next and significantly higher than the prior three summers to 2021/22. This stage is corresponding period. currently open, closing on 31 July 2018. The June 2017 quarter production in both The second stage is a ‘top-up’ round in Australia and New Zealand was very low as a addition to the first stage, and will seek an result of well below long term expected wind additional 20-40 MW for summers 2020/21 speeds. and 2021/22. TransGrid anticipates this stage will commence in May 2020. Whilst this is an encouraging start to the year, the variable nature of the wind yield means Prospective tenderers can find more the group’s full year FY19 earnings guidance information remains unchanged. at https://www.tenderlink.com/transgrid/ Source: Tilt Renewables Source: Transgrid

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Liddell Innovation Project energy, industry, manufacturing, agriculture or other bespoke development. We believe the Hunter Region of NSW is the right place to model our industry’s transition, We are committed to working with local and if managed well, can be a template for business, industry, government, and our other regions to follow. people to identify new opportunities,

encourage economic diversification and new The release of our Greenhouse Gas Policy in employment opportunities in the Hunter 2015, provided 7 years notice of Liddell Power Region on NSW. Station’s closure.

That’s why we have launched the Liddell In December 2017 we released our NSW Innovation Project, building on work done by Generation Plan to explain how to address the the Hunter Energy Transition Alliance, that market capacity shortfall identified by the was formed in 2015 to explore job creation Australian Energy Market Operator, when and economic diversification. Liddell closes.

We are seeking proposals from businesses AEMO has since confirmed that our plan and organisations who see potential value in addresses the 850MW potential market the Liddell site and resources, and who are shortfall from 2022. looking for the opportunity to develop new

business ideas. We recognise however that as our industry transforms, our responsibility stretches Our mission is to deliver the best possible use beyond reliable, affordable and sustainable for surplus land and resources on the Liddell energy. It also includes supporting the people site post 2022. and communities who have supported us.

Additional information about the Liddell We firmly believe, that even though Liddell as Innovation Project is available here: we know it today will change, the site has https://www.agl.com.au/about- significant value. We have highly skilled agl/sustainability/rehabilitation people, land, water, transport and energy infrastructure. It is an attractive and viable Source: AGL site for potential development, whether for

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