PROJECT TALLY (October) Number of projects = 451 - 210 Generating - 241 In Development

Total Capacity = 60,821.7 MW - 21,450.97 MW Generating - 39,370.73 MW In Development Project Updates Week ending 20 October 2017

Cattle Hill local closely with the main contractors and major subcontractors, once appointed, to facilitate business participation program opportunities for local subcontractors and launched suppliers to participate in the project,’ said 13 October Laura. Goldwind Australia has launched the Local Business Participation Program for Cattle Hill Cattle Hill Wind Farm is now listed as a project Wind Farm. The Program will be a key on the Industry Capability Network (ICN) initiative to identify capability and capacity in Gateway. This is an independent business the local community and maximise network providing an online tool to connect opportunities for local subcontractors and subcontractors and suppliers with projects. suppliers to participate in the project. Businesses with an ABN can submit Expressions of Interest for over 30 different Developer for the project, Goldwind Australia work packages ranging from fencing to civil Managing Director John Titchen, said the construction of on-site roads and local partnership with secured the accommodation providers. construction of the Cattle Hill Wind Farm project. Following the appointment of the main contractor, an information forum will be held ‘We’re pleased to partner with Aurora Energy to provide local businesses with additional who is clearly supportive of renewable energy information about the available work development in and strengthening packages and the process of bidding for Tasmania’s energy security,’ said John. subcontracting or supply opportunities.

Under the agreement, Aurora Energy will Construction of the project is planned to purchase Tasmanian generated renewable commence in January 2018, with the wind energy certificates produced by the wind farm farm anticipated to create 150 people during to assist in meeting its obligations, extending construction and have up to 10 permanent to 2030, under national renewable energy maintenance staff when fully operational in legislation. 2019.

Project Development Manager, Laura Jeffery Source: Goldwind Australia said planning for the construction of up to 49 wind turbines is well underway with the Link to AltEnergy database: Cattle Hill Wind launch of Local Business Participation Farm Program.

‘We are committed to local sourcing for the project where feasible. We’ll be working Government blows golden struggled to deal with the heatwaves at the beginning of the year and the focus on opportunity by walking away reliability is welcome. We believe energy from Clean Energy Target storage and demand management can 17 October provide much-improved reliability at times of The Federal Government’s decision to walk high stress compared to the current system, away from a Clean Energy Target (CET) is likely but many people will be watching the final to result in a substantial slowdown in new policy settings very closely. clean energy investment, meaning power prices will keep rising and voters will continue “As an industry we will continue to push for switching off, the Clean Energy Council said the effective energy policy most Australians today. agree is urgently needed.”

Clean Energy Council Chief Executive Kane Source: Clean Energy Council Thornton said the industry was disappointed by the decision to drop the CET.

“The Clean Energy Target was the best BMD delivers key solar opportunity in years to lock in the long-term bipartisan energy policy needed to encourage infrastructure in Indigenous investment in cleaner energy while improving community system reliability and pushing down power 17 October prices,” Mr Thornton said. BMD, together with Conergy Australia, has successfully completed the construction of a “We are obviously waiting to see more detail solar facility in the remote Indigenous on the policy later today, but media reports community of Nauiyu (Daly River) located 220 today suggest the new policy would result in a kilometres south-west of Darwin. substantial slowdown in levels of investment in clean energy. The Solar Energy Transformation (SETuP) program is managed by Power and Water and Mr Thornton said any new policy must have jointly funded by the Australian Renewable long-term bipartisanship support to underpin Energy Agency and the Northern Territory investment confidence. This had remained an Government. The program aims to transform elusive but essential ingredient to underpin the way power is delivered to remote new investment in energy generation, he said. Indigenous communities throughout the Northern Territory by incorporating solar “The effectiveness of the Renewable Energy power to reduce reliance on diesel. Target is due to the broad political support it has managed to attract and retain over a long The project, which has allowed for production period of time,” he said. of clean energy to meet 50% of the community’s annual electricity needs, was “A company which is thinking about investing completed on time, on budget and with zero in a project worth hundreds of millions of lost time or recordable injuries. dollars needs to have confidence the goal posts won’t be moved halfway through the BMD is experienced working in regional and game. The support of both major parties remote areas, and within Aboriginal and continues to be an important factor for any Torres Strait Islander communities and during new policy. construction the team engaged and maintained an Indigenous workforce of 50%. “As the NSW Government has noted, the state’s old coal and gas power stations Cultural awareness training was also The Energy Security Board estimates typical implemented and undertaken by 100% of household bills will fall by an average of $110- project employees, demonstrating BMD’s $115 per year over the 2020-2030 period. commitment to moving towards reconciliation as outlined in our Reconciliation Action Plan The Guarantee is made up of two parts that released earlier this year. will require energy retailers across the National Electricity Market to deliver reliable Source: BMD and lower emissions generation each year. •A reliability guarantee will be set to deliver the right level of dispatchable energy (from New Project ready-to-use sources such as coal, gas, pumped hydro and batteries) needed in each University of New England Solar Farm state. It will be set by the Australian Energy The University of New England has applied to Market Commission (AEMC) and Australian the Armidale Regional Council to develop a Energy Market Operator (AEMO). solar farm and associated infrastructure with •An emissions guarantee will be set to capital investment value of $14,200,000 contribute to Australia’s international

commitments. The level of the guarantee will The University plans to source up to half of its be determined by the Commonwealth and electricity from solar through the installation enforced by the Australian Energy Regulator of a solar PV farm on land adjacent to the (AER). Armidale campus. It was originally announced in April 2016 as a $6.6mil, 10,000-panel Past energy plans have subsidised some project to be funded by the university and industries, punished others and slugged designed and constructed by Melbourne- consumers. The Turnbull Government will based engineering company Aurecon. take a different approach.

The National Energy Guarantee will lower National Energy Guarantee to electricity prices, make the system more deliver affordable, reliable reliable, encourage the right investment and reduce emissions without subsidies, taxes or electricity trading schemes. It is truly technology- 17 October neutral, offering a future for investment in The Turnbull Government will accept the whatever technology the market needs - recommendation of the Energy Security Board solar, wind, coal, gas, batteries or pumped (ESB) for a new National Energy Guarantee to storage. deliver more affordable and reliable electricity while meeting our international Unlike previous approaches, we are not commitments. picking winners, we are levelling the playing field. Coal, gas, hydro and biomass will be As our energy system transitions, we must rewarded for their dispatchability while wind, ensure households and businesses have solar and hydro will be recognised as lower access to affordable and reliable power. emissions technologies but will no longer be subsidised. The independent Energy Security Board advises the Guarantee will give certainty to Importantly, this plan builds on the Finkel investors and therefore encourage investment Review, which recommended the creation of in all forms of power. This means electricity the ESB that has now recommended the bills will be lower than currently forecast and National Energy Guarantee. lower than they would have been under a Clean Energy Target. The Government will now work with the ESB • CWP is considering a fixed floor rate and the states through COAG to implement of return of 5-6% for the floor and variable the National Energy Guarantee. cap (to be determined) • minimum investment of $5,000, As well as delivering a better deal for maximum has not been established households, the plan will support business, • minimum commitment of $3M particularly emissions intensive, trade needed to proceed exposed firms. • seeking guidance on catchment area for investment (the community), prioritisation The Guarantee builds on our existing energy for investment will likely be based on locality policy which involves the retailers offering • length of term likely to be <10 years consumers a better deal, stopping the • liquidity: shares would be marketed networks gaming the system, delivering more to existing members, new members, or via a gas for Australians before it's shipped share vendor site offshore and the commencement of Snowy • the community investment vehicle Hydro 2.0 to stabilise the system. could go on to invest in/own other projects in the future We now have an opportunity to break from • the investment would not be linked to the climate wars of the past and forge a electricity products or prices sensible, sustainable path forward. Expressions of interest are open until 31 Source: Federal Government October.

Source: CWP Renewables

Sapphire Wind Farm Link to AltEnergy project database: community investment Sapphire Wind Farm is the first large-scale commercial energy project looking to have a public share offer for the community to invest Kidston Solar Project (Phase in a portion of the wind farm. One 50MW) update Community co-investment is when a 18 October community investment vehicle buys rights to Genex Power Limited (ASX: GNX) (Genex or a portion of the earnings of the renewable Company) is pleased to provide shareholders energy project but has no decision-making with this latest update regarding the power or control over the operation of the construction program for the Company’s asset. Phase One 50MW Kidston Solar Project (KSP1 or Project). Co-investment is a common method for large- scale renewables globally, including Denmark Genex is pleased to report that the where it is legislated that every wind project construction of KSP1 continues to remain on- must open up for local community time and on-budget, for anticipated first investment. generation in Q4 2017. Key activities since the • the investment vehicle would likely be last update (refer ASX announcement 05 an unlisted public company limited by shares September 2017) include: • it would be linked to the performance • Continued installation of solar modules of the Sapphire Wind Farm as a whole (rather across the KSP1 site; than an individual turbine or turbines) • Continued installation of solar pilings; • Continued installation of trackers; • Delivery and installation of main Hughenden in far North Queensland. The site transformer; was identified and developed by Windlab • Delivery and installation of inverter Limited and is now owned by Kennedy Energy modules; and Park Holdings Pty Ltd, a 50/50 joint venture • Delivery and installation of control room. between Windlab with Eurus Energy Holdings Corporation of Japan. Windlab will re-invest Commenting on progress of the Company’s its development fee along with approximately 50MW Solar Project, Managing Director of $23.5 million in IPO proceeds to maintain its Genex, Michael Addison said: “Genex’s current 50% equity interest in the project. project team continues to deliver construction milestones, enabling the Project to remain on- The project will use twelve Vestas V136 target for first cash flow in Q4 2017. Key 3.6MW turbines at a hub height of 132metres milestones during the reporting period and 56,000 Jinko solar panels on a single axis include installation of the transformer, tracking mount. The Li Ion storage will be inverter modules, control room and an provided by Tesla. The project will be acceleration of panel installation and cabling.” constructed under a joint construction contract managed by Vestas and Quanta. The Federal Government, through the Australian Renewable Energy Agency has The Clean Energy Finance Corporation (CEFC) provided $8.9 million of funding to support will provide $93.5 million of debt finance to the construction of Genex’s Phase One 50MW the project on a long tenor basis which will be Kidston Solar Project. non-recourse to Windlab. The Australian Renewable Energy Agency (ARENA) will also Source Genex Power provide $18 million in the form of a sub- ordinated refundable grant. Link to AltEnergy project database: Kidston Solar Farm The project will take a little over 12 months to construct and is expected to be fully operational before the end of 2018.

Windlab’s Kennedy Energy “With the achievement of this important project milestone we will comfortably meet Park reaches financial close our prospectus revenue forecast for calendar 18 October year 2017.” stated Roger Price, Windlab’s Windlab Limited (ASX: WND) today Chairman and Chief Executive Officer. “We announced that Phase I now look forward to working with all our has achieved financial close and is set for project partners to complete the construction construction to begin. In achieving this of this industry leading hybrid project and see milestone Windlab will receive a development it serve as a catalyst for the much larger fee of A$5.4 million and earn construction Kennedy Phase II.” management fees of approximately $600,000 over the course of the construction period. Source: Windlab Upon the project reaching commercial operations Windlab will also become entitled to asset management and site operating fees of approximately $900,000 per annum under a 20-year agreement.

Kennedy Energy Park Phase I is an innovative 43.2MW Wind, 15MW Solar and 2MW Li Ion battery storage hybrid project located near Windlab and Vestas partner on renewable energy capable of closely matching network power demand,” Windlab CEO Roger the world’s first utility-scale Price said. “We have a great working hybrid integrating wind, solar relationship with Vestas, whose products and service capabilities were instrumental in and storage managing challenging grid connections and 19 Oct compliance, and develop a competitive cost of A partnership between renewable energy energy.” industry leaders has announced the final details of a project that will help accelerate Through the complimentary combination of the transition to an energy mix led by wind and solar energy, Kennedy Phase I can renewable energy and aim to provide even deliver a more constant and demand-driven more reliable and consistent renewable energy production and increased capacity energy production adapted to energy demand factor. The Vestas control system will provide and grid requirements. the capability for wind and solar to work together as an integrated power plant and Developed by Australia’s international comply with grid requirements. renewable energy company, Windlab, with support from Vestas, the global leader in “We are grateful for the opportunity to join sustainable energy solutions, the innovative Windlab on this project, which places Vestas 60.2 MW Kennedy Energy Park phase I is the at the forefront of sustainable energy world’s first utility-scale, on-grid wind, solar solutions and is a testament to how we are and battery energy storage project. Designed providing solutions that make renewable to supply consistent and reliable renewable energy more cost-competitive and grid electricity that can help meet power demand compliant. With 35 years of experience in in Australia, Kennedy Phase I can also shape a meeting complex grid requirements and path forward for how Australia and other developing advanced power plant controllers, countries can integrate more renewable Vestas has the foundation to also lead the energy into their energy mix and address grid way in hybrid solutions,” said Johnny stability challenges that have been a Thomsen, Senior Vice President, Product traditional restraint to greater uptake of Management for Vestas. renewable energy. “Hybrid solutions combining wind, solar and The project is located in Flinders Shire in storage hold a huge potential for Australia. central north Queensland, Australia, which is Kennedy Phase I has the potential to leverage blessed with world-class wind and solar Australia’s abundant renewable energy resources. Kennedy Phase I will feature 43.2 resources and be a giant leap forward for the MW of Vestas’ V136-3.6 MW wind turbines, country in reaping those resources while 15 MW of solar and 2 MW/4 MWh Li Ion ensuring a consistent and reliable electricity battery storage, all managed by a Vestas supply. Kennedy shows that Vestas, together customised control system that will operate with visionary partners like Windlab, can the hybrid power plant. provide the solutions,” said Clive Turton, President of Vestas Asia Pacific. In order to support further hybrid projects in Australia, Windlab, with Vestas, will share the Vestas will also provide a 15-year Active knowledge and experience from building and Output Management 4000 (AOM 4000) operating Kennedy Phase I through the service agreement, which includes a full-scope Australian Renewable Energy Agency. service package for the wind turbines as well as scheduled maintenance for the solar “Kennedy Phase I is a first of its kind of project panels, battery storage and electrical systems. in Australia and it will lead the nation in the deployment of innovative, high reliability A consortium between Vestas and Quanta The MSF will consist of approximately 406,000 Services will deliver the engineering, solar PV modules (325Wp polysilicon) procurement and construction of the project, covering an area of 360 hectares, with an which is expected to be in operation by the expected output of approximately 278GWh of end of 2018. electricity per annum.

This project is planned to be the first phase of The overall capital expenditure includes both Windlab’s larger 1,200 MW Kennedy Energy the work to build and commission the solar Park, which seeks to deliver significant farm governed by the EPC contract, and the benefits to north Queensland and Australia in grid connection works governed under the reduced emissions and sustainable energy ETAC/IWC contract with Western Power. The generation. total expected capital expenditure is circa $160m. Source: Vestas Planning permission for the project was Link to AltEnergy project database: Kennedy granted in June 2017 with the ETAC/IWC Energy Park anticipated to be signed during the course of Q4 2017. MSFN will appoint an EPC Contractor to carry out the construction works. Merredin Solar Farm Currently an ECI contract is in place with RCR generation licence application O’Donnell Griffin to support the design of the 18 October solar farm and the connection to the SWIS. An application has been made for a electricity Construction is forecast to commence on site generation licence for the planned 100MW in June 2018 and is anticipated to take 9 Merredin Solar Farm south of the town of months. MSF is intended to be operational by Merredin, 260km east of Perth in WA. the end of March 2019.

The licence applicant is Merredin Solar Farm MSF will be a renewable electricity generator Nominee Pty Limited, owned 50% by in the Wholesale Electricity Market (WEM) Ingenious Australian Solar Ltd (IASL), 25% by supplying electricity under a combination of Muick Pty Ltd atf Santen Family Trust (Muick) commercial Power Purchase Agreements and 25% by Nomad Renewable Energy Ltd (PPA) with Western Australian electricity (NRE). suppliers and if required dispatch power into the WEM balancing market. The site has been selected due to its proximity to the network Point of Connection (POC) at Source: Merredin Solar Farm Nominee Merredin Terminal Substation and does not require 3rd party wayleaves/easements to Link to AltEnergy project database: Merredin connect to the SWIS. The existing Western Solar Farm Power substation is located North-West of the site, allowing for a direct and dedicated connection onto the transmission network at a connection voltage of 220kV. The site is relatively flat, rural land and receives strong consistent solar irradiance, making it an ideal location. The project has a minimum life of 25 years; however, an Option/Lease Agreement has been entered into for 30 years.

Kidston Pumped Storage TFS Optimisation Design Changes Following a detailed review of the studies Hydro – technical feasibility undertaken to date, it was concluded that an study optimisation augmented design utilising the two existing 20 October mine pits as the upper (Wises pit) and lower HIGHLIGHTS (Eldridge pit) reservoirs, was the optimal • Completion of optimisation study for K2- choice for 250MW of installed capacity, in Hydro project place of the Turkey’s Nest design under the • Optimised for 8 hours of continuous TFS. The rationale for the deletion of the generation capability at 250MW for over Turkey’s Nest design was as follows: 2,000MWh of energy storage (+25%) • The Turkey’s Nest design proposed as part • Adoption of variable speed turbines for of the TFS was premised upon a larger storage significant operational and ancillary market requirement, given the initial preferred benefits project configuration of 450MW for 5 hours; • Construction timeframe reduced by up to 6 • Given the optimised design of 250MW, the months Wises pit can now be utilised as the upper • Clear pathway to Financial Close in 2018 reservoir for lower capital cost; and • With minor excavation and dam works, the Genex Power Limited (ASX: GNX) (Genex or TFS Optimisation design provides for a Company) is pleased to provide an update in channel connecting the modified Wises pit to relation to the 250MW Kidston Stage 2 the existing proposed location for the Pumped Storage Hydro (K2-Hydro) project at underground power station cavern, which was Kidston, North Queensland. The K2-Hydro subject to detailed drilling and geotechnical project is part of the overall Kidston Stage 2 studies as part of the original TFS. (K2) project, which includes a co-located 270MW solar PV project (K2-Solar). In addition to the deletion of the Turkey’s Nest design, the TFS Optimisation determined Genex completed a technical feasibility study several other key changes to the original TFS for the K2-Hydro project in November 2016 design as follows: (TFS) which was managed by specialist power • Increased upper reservoir volume from 6 and water consulting firm, Entura, in hours to over 8 hours of continuous conjunction with project partner, HydroChina. generation; The TFS concluded that the K2-Hydro project • Proposed adoption of variable speed pump- was technically feasible, and that all the key generator turbines which provide significant risks identified would be appropriately operational flexibility, including: addressed through detailed design o Fast generation ramping via speed augmentation and optimisation. adjustment; o The ability to better match the hydro Genex has recently been working with Mott pumping profile to generation from the co- MacDonald, a global engineering firm which located K2-Solar project; has specialist skills in hydropower including o Better pumping efficiency across the head pumped storage hydro projects, on the range; and optimisation of the K2-Hydro project design o Overall suitability in the ancillary service (TFS Optimisation). The optimisation process market with increased operation flexibility; focused on taking into account recent shifts in • Reduced excavation and civil works the energy market dynamics as well as requirements; and feedback from potential energy offtake • Construction estimated to take less than 3 parties. years.

The TFS Optimisation concluded that the K2- feedback from potential energy partners amid Hydro project was feasible based on a capital the ongoing backdrop of the national debate cost estimate of approximately $330 million on Energy Policy, and the importance of (including contingency). Following completion ensuring dispatchability of renewable energy of the TFS Optimisation, Genex is now focused via energy storage. on confirming the final capital cost estimates for the K2-Hydro project via an early The Kidston renewable energy hub is contractor involvement (ECI) process. This currently the most advanced, lowest cost, process will involve the appointment of a large-scale energy storage project in the preferred EPC contractor, who will work with country. Energy storage is likely to play a Genex and its advisers to complete the final critical role in future energy development and design optimisation and the full EPC and O&M Genex is well placed to benefit from these contracting process for the K2-Hydro project. dynamics. Genex will provide further updates on the ECI selection process in due course. We look forward to providing further updates to the market as we advance the K2 project Project Financing and Energy Partner Update toward financial close, targeted in 2018.” The K2-Hydro scheme was optimised based on an assessment of future energy market The Federal Government, through the price forecasts, capacity requirements and Australian Renewable Energy Agency has direct engagement with potential energy continued to support the K2-Hydro project partners. through the TFS and TFS Optimisation It is clear that the National Electricity Market programs. To date, Genex has drawn down a is undergoing a rapid shift from a traditional total of approximately $2.85 million of its $4.0 baseload dominant market to a new dynamic million ARENA funding facility in relation to where dispatchability and storage of the project. renewable energy will underpin future generation. In such a system, the role of large- Source: Genex Power scale economic energy storage becomes increasingly relevant. The updated design will Link to AltEnergy project database: Kidston enable energy off-takers to take full Hydro advantage of the flexibility offered by the integrated project and, in doing so, allow Genex to extract maximum value from the offtake arrangements. Burdekin Hydro plans

Based on positive engagement with energy powering ahead offtake and project finance parties to date, 20 October including the Northern Australia A hydro-electric power station on the state’s Infrastructure Facility (refer to ASX largest dam – Burdekin Falls Dam – to secure Announcement dated 12 July 2017), Genex energy and support jobs for North believes it has a clear pathway to Financial Queensland moved a step closer today. Close in 2018. Minister for Energy, Biofuels and Water Genex Power Managing Director Michael Supply Mark Bailey said a prefeasibility study Addison said: had now been completed by Stanwell. “We are pleased to provide an update on the K2-Hydro optimisation, which is the “The study confirmed there are no fatal flaws culmination of months of work alongside our in the concept and that the proposed project advisers. The optimisation study outcomes would be commercial and deliver a positive have been developed in response to direct contribution to the State,” Mr Bailey said. “It also confirmed that a Burdekin Falls Hydro “We’re 100 per cent committed to investing in Power Station could be built on the existing regional communities, renewable energy and dam without impacting the water releases jobs,” Mr Stewart said. from the dam and with minimal environmental impact. Member for Thuringowa Aaron Harper said through our powering North Queensland Plan, “Stanwell, which owns and operates several we will not only deliver investment and jobs hydro-electric power stations across to North Queensland, but will also help to Queensland, will now prepare a detailed secure energy supply and drive down energy business case for the construction and costs for consumers. operation of the hydro-electric power station to be completed by July 2018. “Hydro-electric power stations not only produce much needed clean, green energy, “Subject to outcomes of the business case, but they also have twice the life span of coal construction would commence in 2020.” fired power stations,” Mr Harper said.

Minister Assisting the Premier on North Mr Bailey said $386 million had been set aside Queensland Coralee O’Rourke said the to strengthen and diversify power and water announcement would be warmly welcomed assets in North Queensland under the by many in North Queensland, and followed Powering North Queensland Plan. on from the release of the Powering North Queensland Plan in June. Actions include: •$150 million reinvestment of Powerlink “Actions under the plan include $100 million dividends for the development of strategic reinvestment of Stanwell dividends to help transmission infrastructure to support a clean fund the proposed hydro-electric power energy hub, with up to 1000 jobs for station subject to feasibility investigations,” Powerlink construction of infrastructure, in Mrs O’Rourke said. addition to the approximately 3600 jobs that will be created in the development of the “We know people in the North are really three proposed renewable energy projects concerned about power prices. An important along the transmission line; part in stabilising prices is making sure we •$100 million reinvestment of Stanwell invest in local, North Queensland dividends to help fund the proposed hydro- infrastructure. electric power station at Burdekin Falls Dam. Subject to feasibility investigations and other “Hydro-electric generation has an important dam construction works, project construction part to play in Queensland’s future energy mix will be targeted to commence from 2020, and and the project has the potential to support up to 200 jobs; contribute to the security of Queensland’s •$100 million equity injection and electricity supply, while also helping to reinvestment of dividends towards transition to a lower carbon energy market.” improvement works to ensure that the Burdekin Falls Dam continues to meet design Member for Townsville Scott Stewart said the standards, which is estimated to support Palaszczuk Government’s contribution to around 250 jobs, and will support the funding a hydro-electric power station on proposed hydro-electric power station; and Burdekin Falls Dam is evidence of our ongoing •commissioning a hydro-electric study to investment in the energy future of North assess options for deploying new hydro in the Queensland. state, including North Queensland.

“Pending a feasibility study, we will be investing $150 million to establish a Clean Energy Hub to develop strategic transmission Clean Energy Council Chief Executive Kane infrastructure in North and North-west Thornton said the Victorian Renewable Energy Queensland to potentially connect multi- Target (VRET) legislation will provide major faceted renewable projects,” he said. investment opportunities for the state into the next decade. “We are pumping $100mil into improvement of works at the Burdekin Falls Dam and “The Victorian Government has clearly another $100 million to help fund a hydro demonstrated its commitment to unlocking facility at the dam subject to a business case. the jobs of the future for residents of the state. The VRET provides a green light for our “This investment of dividends is part of industry to deliver cheap, clean and reliable Queensland’s Powering Queensland Plan to energy for all Victorians," Mr Thornton said. drive down energy costs and secure electricity and water supply”. “The easiest way to reduce power prices is through clear policy and more power Link to AltEnergy project database: Burdekin generation. The VRET delivers on both these Falls Hydro fronts and the Victorian Renewable Energy Auction Scheme will kick off in just a few weeks to deliver up to 650 MW of new renewable energy projects. Victorian Government hits the “The VRET promises to deliver 25 per cent of mark for jobs and investment the state’s power from renewable energy by with renewable energy target 2020, rising to 40 per cent by 2025.

20 October “This is the culmination of a massive amount The Clean Energy Council has congratulated of work by Victorian Premier Daniel Andrews, the Victorian Government on successfully Energy Minister Lily D’Ambrosio and many introducing its state renewable energy target Ministers, stakeholders and public servants. It in Parliament today, a policy which will is my pleasure to offer my congratulations on provide major regional job and economic this significant achievement.” opportunities.

Source: Clean Energy Council