Project Update Week ending 24 May 2019

Wastewater plant set to host Council’s largest solar array 17 May - Council votes to seek planning and energy electricity from renewable sources by 2022 approvals for 604kW system and half by 2025. - Council is on track to install its largest single solar array by the end of June 2020. “Minimising our impact on the environment is one of the ways we are working to protect At its meeting last night (16 May), Tweed and enhance our natural surroundings for Council resolved to give the green light to current and future generations,” she said. seek planning and energy approvals needed to install a 604kW ground-mounted solar This installation will expand on the existing system at the Banora Point Wastewater 781kW of solar PV systems already installed Treatment Plant. across Council facilities.

Council will fund the $880,000 installation, Council’s Water and Wastewater operations which will pay for itself in energy savings over consume about $3.4 million in grid-based six years. electricity every year, which is about two- thirds of Council’s entire power bill. This The Banora Point plant, which treats 10 power is used predominantly in the pumping million litres of wastewater every day, is and supply of potable water as well as in the Council’s single most power-hungry asset wastewater treatment plants that process across its entire portfolio. residential and industrial wastewater.

The solar system is expected to provide one- Source: Tweed Shire Council fifth of the plant’s power needs and save more than 730 tonnes of greenhouse gas NEW PROJECT emissions a year – that’s equivalent to the emissions from more than 40 average Byron Bay Solar Farm households. Location: Tyagarah, far north NSW Capacity: 7.14 MW (DC)/5 MW (AC) The 1500 high-efficiency solar panels will Developer: Coolamon Energy cover 6800m2 of land within the wastewater LGA: Byron Shire Council treatment plant facility, an area the size of a Estimated Cost: $6.5mil football field. Description: A ground-mounted system to be developed on 6 hectares of private land at Councillor Katie Milne, Mayor of Tweed, said Tyagarah, north of Byron Bay. that the renewable energy from the site will Contact: Dr Greg Wilding make an important contribution to Council’s Coolamon Energy Renewable Energy Action Plan (REAP) target Email: [email protected] to self-generate 25 per cent of Council’s

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Oil and gas industry addressing Australia’s long term economic, environmental and energy goals. congratulates Coalition on return to government APPEA looks forward to working with all 19 May members of the 46th Parliament to build The Australian Petroleum Production & support for those goals. Exploration Association congratulates Prime Minister Scott Morrison and the Coalition on Source: APPEA their victory in the Federal election.

While vote counting continues, it seems Energy storage to go: Aggreko certain the Coalition will be able to form a minority or majority government. launches new mobile and modular battery system APPEA Chief Executive Andrew McConville 20 May said the Coalition’s election success suggested • Y.Cube is a new 1MW standard unit housed the Australian community wanted a stable entirely in 20-ft container and balanced approach to the political and • Seamless integration with Aggreko’s thermal policy challenges facing the nation. and solar generation offering • Available under various contract durations “APPEA urges a clear focus on stable energy as “Energy-Storage-as-a-Service” and climate policy that enables Australians to enjoy the benefits of our abundant natural Aggreko, the world’s leading provider of resources and manage the transition to a temporary power, temperature control and lower carbon economy,” Mr McConville said. energy services, is adding mobile and modular energy storage to its 10GW fleet of “In doing so, we must not forget the critical distributed energy assets. role natural resources play in underpinning our economic well-being and that hundreds of The Y.Cube is a fully integrated, ready-to- thousands of Australian jobs rely on a reliable, install lithium-ion battery system, built on the affordable gas supply.” decade-long expertise of energy storage pioneer Younicos, which Aggreko acquired in The oil and gas industry continues to support 2017. Housed entirely within a standard 20-ft a national climate change policy that delivers container, the 1MW units can be delivered low-cost greenhouse gas emissions reductions and quickly deployed worldwide. while facilitating long-term investment decisions, and looks forward to working with The system can cover a variety of applications Government to achieve this. from 1MW up to multi-MW power output and is available in two versions: a 30-minute Mr McConville said it was notable the “power” unit and a 60-minute “energy” unit. Coalition was supported strongly in the The 20-ft container houses batteries, resource-rich states of Queensland and inverters, heating ventilation and air Western Australia, where thousands of jobs conditioning (HVAC), fire protection and and significant regional communities rely on auxiliary components. These are tested and mining and oil and gas projects. pre-assembled by Aggreko experts and controlled by intelligent software. It is Mr McConville thanked the Minister for designed for a wide ambient temperature Resources and Northern Australia Matt range from -20°C to +50°C to match the often- Canavan for his continued support for policies challenging requirements of remote customer which supported those investments while sites.

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Dan Ibbetson, Managing Director Global NEW PROJECTS Products and Technology at Aggreko, said: St Patricks Plains “Renewable energy is increasingly affordable, Location: Near Miena, in the Central but not yet as universally available as it should Highlands of Tasmania be, while energy demand is increasing. Capacity: Up to 300 MW Battery storage systems offer the flexibility Developer: Epuron required for safe and stable use of wind and Description: The project will include up to 80 solar power and increase the efficiency of wind turbines across a number of rural thermal units. properties in central Tasmania. It will connect

via a new substation to the on-site “We have successfully combined proven Palmerston to Waddamana powerlines owned battery expertise from Younicos with by TasNetworks. Electricity will then be Aggreko’s containerisation experience in the transmitted both north and south depending Y.Cube. The Y.Cube enables us to provide on the network needs, allowing hydro power cheaper, cleaner and smarter energy generators to ramp down and save water wherever it’s needed for our customers. during windy periods.

“It is designed to fit seamlessly within the Aggreko fleet and can be easily combined with Hellyer Wind Farm solar and thermal products to provide our Location: Hampshire, Central Tasmania customers with the lowest cost of energy. We Capacity: Up to 150 MW are now building a fleet of Y.Cubes, which will Developer: Epuron enable us to quickly deploy on short notice.” Description: Up to 40 wind turbines planned in a sparsely populated area in Central The Y.Cube is available for short-term needs Tasmania which is used almost exclusively for for as little as six months or for periods of years plantation forestry operations. The project under Aggreko’s “Energy-Storage-as-a-Service” can be built without relying on a new Bass model. It can also be bundled with Aggreko’s Strait interconnector, and can help drought- other hardware systems as part of the proof Tasmania by allowing existing hydro company’s “Microgrids-as-a-Service” offering. generators to hold back water otherwise needed for power generation. The area has Karim Wazni, Managing Director Aggreko existing high voltage (110,000 volt) Microgrid and Storage Solutions (AMSS), said: transmission lines suitable for connection. “We’re already seeing considerable interest from a range of sectors and applications. One Guildford Wind Farm of the most economically attractive Location: Guildford, Central Tasmania propositions is to combine the Y.Cube with Capacity: Up to 300 MW natural gas and solar generation in off-grid Developer: Epuron applications. This could include remote mining Description Up to 80 wind turbines planned in sites – in weaker grids like islands – or, with a remote area east of Waratah which is used gas generators only to provide bridging power almost exclusively for plantation forestry – for example in datacentres.” operations. The area has existing high voltage

(220,000 volt) transmission lines suitable for Aggreko will be deploying the Y.Cube as part connection. of its hybrid microgrid solution at the Granny Contact: Shane Bartel Smith gold mine in Western Australia, as well Tel: (02) 8456 7400 as in several African mining projects. AMSS is Email: [email protected] also working with island communities and datacentres to introduce the Y.Cube.

Source: Aggreko

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McGowan Government creates Comments attributed to Energy Minister Bill Johnston: Energy Transformation "I'm confident that Stephen Edwell's abilities Taskforce and experience will be instrumental in 20 May progressing the McGowan Government's - Taskforce to implement Government's Energy Transformation Strategy. Energy Transformation Strategy - Stephen Edwell appointed independent "Mr Edwell was the inaugural chairperson of chairperson of the taskforce the Australian Energy Regulator and has successfully led major reform projects in Energy Minister Bill Johnston today Western Australia and Queensland, including established the Energy Transformation creating WA's electricity market. Taskforce, which will implement the McGowan Government's Energy "I look forward to working with the taskforce, Transformation Strategy. industry and consumer stakeholders to deliver on our vision of a cleaner and more resilient The strategy will deliver a cleaner, affordable power system." and more reliable electricity supply to Western Australian households and Source: WA Government businesses for decades to come. PROJECT NEWS Former chairperson Stephen Edwell, who is an economist with extensive Excavations of turbine foundations at the experience in energy sector regulation, Dundonnell Wind Farm in Victoria will market design, policy and utility reform, will continue this week with two complete so far chair the taskforce. and two more currently underway. Following the installation of the site sheds, roofing, The taskforce will report directly to the electrical, plumbing and fencing works have Minister for Energy and will be supported by all commenced with site crews looking to set the Energy Transformation Implementation up shop over the weekend. At the Unit, a new unit within the Department of Transmission Line worksite, transmission pole Treasury. foundation construction continues with a total of 46 pole foundations poured. At the The taskforce will deliver the Energy Blue Gums substation, civil and earthworks Transformation Strategy's Whole of System are ongoing. A steady delivery of poles to site Plan to facilitate a more co-ordinated from Melbourne will continue throughout the approach for the power system of the future. upcoming week.

It will also produce a Distributed Energy Resources Roadmap to guide the integration Policy briefing: despite of solar panels, battery storage and electric Coalition victory, the clean vehicles into the power system. energy transition will continue The strategy will improve network connection 20 May and electricity market arrangements to cater An unexpected federal election victory for the for the growth of renewable energy into the conservative Liberal / National Coalition led future. by Scott Morrison signals a new environment where state, territory, corporate and For more information, community action will need to drive and visit http://www.treasury.wa.gov.au/Energy- bolster the momentum for renewable energy Transformation/Energy-Transformation development in Australia.

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With an inadequate renewable energy policy with major banks such as Westpac and ANZ at the federal level, a significant amount of having already signed on and more planning grassroots support for climate action and to follow. As corporate Australia continues to renewable energy development will be a main see the moral and financial imperative of driver to stimulate new policy approaches and responding to climate change, and the renewable energy projects. Key market ongoing impact of volatile energy prices, we fundamentals, such as the cost expect to continue to see a significant competitiveness of renewable energy, will strengthening and deepening of the corporate also continue to influence the deployment of PPA market. wind, solar and, increasingly, battery storage to replace the anticipated retirement of over Support for two major pumped hydro projects 25,000MW of thermal coal capacity by 2040. received bipartisan support throughout the election period, the A$4.5 billion Snowy Hydro In many respects the election result signals 2.0 (2000MW) and Tasmania Battery of the that the past 3 years of strong growth in the Nation initiative, comprising a second HVDC renewable energy development is anticipated undersea interconnector between Tasmania to continue, despite, rather than because of, and Victoria. It can be expected that these federal government policy. Current projects will also continue to be expedited. projections from the Clean Energy Regulator (CER) confirm renewable energy development Market institutions like the Australian Energy of 5523MW is committed this financial year. Market Operator (AEMO) and the Energy Security Board (ESB) will also play key roles, State governments will now need to do much with the strong support of state ministers for of the heavy lifting to support higher levels of market reform and system planning at COAG renewable energy development and grid Energy Council expected to counter the views augmentation. With the ambitious Renewable of the incoming federal energy minister. Energy Targets (RETs) of Victoria (40% by AEMO’s Western Victorian Transmission 2025) and Queensland (50% by 2030) states Upgrade competitive tender is a strong signal will be under increased pressure to set higher for more competition and innovation in grid state based RETs, announce further rounds of augmentation, as it works to accelerate the reverse auctions and implement additional implementation of the Integrated System Plan measures to support grid expansion, electric (ISP). If the tender is successful in driving vehicles and battery storage. In NSW, a down price and accelerating development of renewed focus on renewable energy growth urgently needed grid upgrades, we expect to may not see an explicit state based target but see AEMO seek to adopt this approach across instead an acceleration of its Transmission the National Electricity Market (NEM). Infrastructure Strategy. With the Coalition in Market reforms such as the streamlining of power, the impact of state and territory policy the Regulatory Investment Test – will be a key factor influencing the investment Transmission (RIT-T) will also continue to be environment for renewable energy pursued by the ESB and implemented across development over the next three years. the market.

Ongoing development of corporate Power The clean energy transition will continue in Purchase Agreement’s (PPA) will also be a key Australia, and levels of activity will remain market driver. The maturing of initiatives such strong overall due to the need to shift to as the Business Renewables Centre - Australia cheaper and cleaner forms of generation and which acts as a clearing house for aggregating reduce exposure to power price volatility. This off takers and connects buyers with activity we expect to be underpinned by generators and other service providers will ongoing purchasing of offtake by state based continue. We can expect to see more auctions and corporate PPAs. While the re- corporates also join the RE100 movement, elected federal government’s climate and

Page 5 (Click on relevant project links to go to online Project Database) policy agenda is neither coherent nor - Large-scale project improving Bendigo's comprehensive in reducing regulatory and resiliency to electricity grid problems. technical hurdles or supporting jobs and - Opportunity to alleviate local transmission investment in vulnerable communities’, it will and distribution network constraints. remain a key focus for state and local - Project in alignment with state and local governments, AEMO, the ESB, corporates and renewable policy objectives. communities. GBM Gold Limited (ASX: GBM) is pleased to Given the strong election result for the announce plans to develop a 60MW Solar Coalition in Queensland and the Hunter Valley Project on the Woodvale Evaporation Pond in NSW, a clear focus must be put on the jobs Complex site. The Woodvale Complex and economic security outcomes which can comprises a facility of multiple evaporation be achieved from broad scale renewable ponds where groundwater was historically energy development and the creation of new pumped as part of gold mining activities and zero carbon fuel exports such as hydrogen. associated dewatering processes. The project Significant potential exists for the renewable will repurpose the ponds as a solar power energy industry to make economic plant of 60MW capacity. This is an ideal reuse development outcomes and community of a redundant facility as the ponds enjoy benefit sharing the standard approach for all excellent sun exposure, are not readily visible renewable energy projects. to adjacent residences and are located close to where the power is needed. Renewable energy developers and investors who can identify innovative and leading ways The City of Greater Bendigo has a goal of 100 to help achieve a more “just transition” in per cent renewable energy generation from rural and regional Australia, with projects local and regional sources. The Woodvale which tap strong resources and achieve Solar Project has the potential to be a excellent technical performance will be best significant step towards achieving that goal. placed to secure offtake and respond to the The solar power project is planned to be challenges in this new political and policy connected to the sub-transmission network in environment. Bendigo via a 66kV power line and will tie into a new sub-station situated on rehabilitated Source: Energy Estate Ponds 4 and 5 at Woodvale. Powercor advised that the Woodvale Solar Power Project may NEW PROJECT be connected to the existing BETS-EHK 66kV Woodvale Evaporation Ponds – line. This is a very promising outcome as grid connection is often one of the most costly and 60MW solar power plant difficult aspects of power projects. 22 May HIGHLIGHTS This project could provide significant long- - 60MW Solar Project planned to be term environmental and economic benefits developed at Woodvale 10km north of for the Bendigo community with an Bendigo. improvement in energy security and an - Project to produce emissions-free, estimated 100 jobs created during renewable energy to meet the electricity construction. needs of thousands of Bendigo homes. - Unique characteristics of the Woodvale Woodvale - 60MW Solar Project Evaporation Pond Complex make it a The Woodvale Evaporation Pond Complex is compelling candidate for a Solar Power located approximately 10km north of Project. Bendigo. The facility covers approximately - Project repurposes redundant evaporation 174 hectares of freehold land owned by GBM ponds. Gold. The ponds were constructed to

Page 6 (Click on relevant project links to go to online Project Database) evaporate water from underground mining A level area similar to Ponds 1-3 will be operations in Bendigo. Woodvale was created in Pond 6 making it more suitable for operational until 2016 when a decision was the installation of Solar Panels. The work made to process groundwater through a required to prepare the complex for the water treatment plant, making the site development of a solar project retains the redundant. It was planned to return the site extensive infrastructure on the site. to agricultural land use. Construction of a Solar Power Project, as an alternative, can be The ponds are designed to maximise the implemented in a short timeframe giving amount of sunlight impinging on them with immediate benefit to the entire Bendigo screening around the boundaries of the region. property.

The Company will involve the local The solar project will be connected to the sub- Community in further development of the transmission network in Bendigo via a 66kV solar project and will continue to engage as power line. The 66 kV sub-transmission loop the project progresses through the approval for Bendigo is planned to connect to the grid process with the City of Greater Bendigo and at the Eaglehawk Zone Substation. The new subsequent construction phase. sub-station for Woodvale will be located on the rehabilitated Ponds 4 and 5 area. Woodvale Evaporation Pond Complex The implementation of the solar project will The Woodvale Solar Project, will provide utilise Ponds 1A, 1B, 2, 3, 6 and 7 along with sustainable and reliable energy security for existing infrastructure at the Woodvale site the City of Greater Bendigo, providing (see figure below). Pond 1A will be retained as environmental and economic benefits to the a pond and operate as floating solar, enabling region as a significant contributor to the containment of rainfall on the site. Ponds 1B, electricity supply for Bendigo. 2, 3 and 7 will have spillways removed so that they do not retain water. A standard solar Source: GBM Gold system will be installed on these ponds. PROJECT NEWS GBM Gold subsidiary, Kralcopic Pty Ltd is the Bowmans Creek Wind Farm registered holder of Mining Licence MIN5364 The scoping document for Epuron’s Bowmans for the operation of the Woodvale Creek Wind Farm, located about 10km east of Evaporation Facility. Kralcopic has prepared a Muswellbrook in NSW, has been lodged with rehabilitation plan in accordance with the the NSW Department of Planning and Mineral Resource Development Act (Victoria). Environment, the first stage in the planning The approved rehabilitation work plan process. Bowmans Creek Wind Farm would envisages a deep fill zone in Pond 6. involve the construction, operation,

maintenance and eventually the The plan encompasses the elements required decommissioning of around 70-80 wind to re-instigate the ponds for a solar complex: - turbines. The turbines will connect to the a) Removal of contaminants (salts and metals) existing Ausgrid 132kV or TransGrid 330kV from the base of the Ponds 1, 2, 3 and 7; transmission line network, directly into the b) Removal of seven stockpiles from a Liddell 330kV substation and/or the previous reconstruction of Ponds 1, 2 and 3; Muswellbrook 132kV substation. and c) Disposal of the material from Ponds 1, 2, 3 and 7, and the stockpiles to a repository in the floor of Pond 6 in accordance with the current work plan for the mining licence.

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Infigen announces Smithfield Managing Director and Chief Executive Officer, Ross Rolfe, said: “The acquisition of OCGT firming acquisition the Smithfield peaking plant and the expected 23 May reintroduction of distributions on a Infigen Energy (ASX: IFN) is pleased to sustainable basis, represent two important announce the acquisition of the 109MW milestones in the further successful execution flexible, fast-start Smithfield Open Cycle Gas of our business strategy. The ownership of Turbine (“OCGT”) in Western Sydney, New firming capacity in NSW will enable us to South Wales, for $60m in cash. In addition, substantially increase the renewable energy Infigen announces the expected payment of a we sell to our growing customer base on a half-yearly distribution of 1 cent per security reliable and firm basis, and to increase the with respect to 2H/FY19. Payment of any number of customers we serve.” distribution remains subject to the determination of the Boards in June 2019 and Commenting on the business strategy, will be announced to the market in Chairperson, Len Gill, said: “The entire Board accordance with ASX Listing Rules. is particularly pleased that our business strategy and capital allocation policy have Smithfield OCGT transaction highlights: allowed Infigen to invest in growth, continue • Strategically located flexible, fast-start to reduce leverage, and return value to generator with 109MW of capacity on one of security holders.” the best load corridors in the National Electricity Market (“NEM”); Source: Infigen • Direct access to city gate gas hub, the Sydney Short Term Trading Market (“STTM”), PROJECT NEWS for reliable gas supply; • Smithfield’s firming capacity positions Port Augusta Renewable Infigen to significantly grow its Commercial Energy Park and Industrial (“C&I”) customer base in New DP Energy Australia has applied for consent to South Wales; vary its existing development authorisation • Enables Infigen to profitably grow for the Port Augusta Renewable Energy Park. intermittent renewable energy generation by The variation application only relates to the 300-400MW, on a Capital Lite basis; wind farm component, with an increase in the • The acquisition is expected to facilitate a maximum tip height of each wind turbine substantial increase in contracting into higher generator from 150 metres to 185 metres priced, longer tenor and more stable markets, (with the maximum rotor diameter up to 155 delivering higher quality of earnings; metres and hub height up to 107.5 metres). • Expected remaining useful life of 20-30 The nominal generating capacity of each wind years; turbine would be increased to 4.5MW, with a • Meets Infigen’s 12% post tax nominal consequential reduction in the number of levered equity return hurdle on a standalone wind turbines, from 59 to 50 machines. There basis, with additional value created as is no change to the solar component, ancillary increased renewable volumes are firmed. infrastructure or overall generating capacity of the wind farm, although minor changes to $60m of cash was paid on closing. Up to $14m the approved windfarm layout have been of additional cash is to be paid, i.e. $1m for sought to avoid recently identified microwave each MW of rerated capacity by AEMO from links. 109MW to 123MW received prior to November 2019, representing a maximum payment of $74m. The purchase was fully funded by cash on balance sheet.

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PROJECT NEWS VISION, a vehicle for financing land-based wind projects launched in collaboration with institutional investors advised by JP Morgan Warradarge Wind Farm Asset Management (JPMAM) and Vestas Wind The Western Australian Economic Regulation Systems. Authority has granted electrical generation licences to the 214 MW Yandin Wind Farm The amount will be used to build the and the 180MW Warradarge Wind Farm. Berrybank wind project. The park, which has a Energy’s Yandin Wind Farm, located in capacity of 180 MW, is located in the the Shire of Dandaragan approximately Australian state of Victoria and is expected to 150km north of Perth, will consist of 51 wind come into operation in the second quarter of turbine generators. Bright Energy 2020. Once connected to the network, it will Investment’s Warradarge Wind Farm, in the be one of the largest wind farms in this mid-west region of Western Australia region. approximately 260km north of Perth, will also involve the construction of 51 turbines. Berrybank was awarded to GPG in the last renewable energy auction convened by the GPG (Naturgy Group) and state of Victoria. The award includes an agreement to sell energy for 15 years with the Vision conclude a financing aforementioned Australian state. agreement for the VISION will provide 100% of the financing that construction of a 180 MW will be allocated to the construction phase of wind farm in Australia the project and has already obtained the 23 May corresponding regulatory approvals.

- Naturgy, through Global Power Generation Source: Naturgy (GPG), its international subsidiary of power generation, has closed a financing of up to 284 million Australian dollars (176 million PROJECT NEWS euros) to complete the development of the Yongala Solar Farm Berrybank wind farm, whose work began on SSE Australia just completed commissioning of last month of January. its 2.6 MW Yongala Solar Farm, a fixed tilt, - The Berrybank wind project was awarded to east-west layout, grid-connected solar farm the company last August and is located in the 210 km north of Adelaide. Major suppliers state of Victoria, about 150 km from included: Melbourne. - Inverter/step-up transformer: SMA - Panels: Seraphim GPG, the international power generation - Mounting: Solar Mounting Systems subsidiary of Grupo Naturgy, has closed a financing agreement worth up to 284 million Australian dollars (176 million euros) with

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