Project Update Week ending 1 June 2018

Expression of Interest All communications regarding this EOI must be through TenderLink. For access, go renewable offtakes to www.tenderlink.com/snowyhydro/ and 25 May click on 'All Current Tenders' is seeking expressions of interest for the supply of long term offtake Source: Snowy Hydro arrangements from renewable sources. Through Snowy Hydro’s retail businesses, Red Energy and , we supply electricity and gas to over one million CWP Renewables and Partners customers. Group announce the establishment of 1.3GW As the electricity consumed by our growing customer base continues to increase, we are Australian renewable energy looking to contract more energy generation. platform Snowy Hydro is inviting potential energy 28 May suppliers to participate in our program to The partnership behind NSW’s largest wind procure up to 400 megawatts of wind and 400 farm, CWP Renewables ("CWP") and global megawatts of solar offtakes. private markets investment manager Partners

Group, today announces the commencement Snowy Hydro is already one of the largest of a second large together in the suppliers of renewable energy in . State, the Crudine Ridge Wind Farm, which This program will allow Snowy Hydro to will be located 45km south of Mudgee. expand its portfolio of renewable energy generation and meet the growing energy With and Crudine Ridge demands from our customers. Wind Farm, CWP and Partners Group have

over 400MW currently under construction in Snowy Hydro has released an expression of NSW. Moreover, the two companies have interest (EOI) to the energy market and will committed to work together to deliver CWP's evaluate the responses received to produce a entire renewable energy project portfolio, shortlist. Proponents on the shortlist will be which encompasses large-scale wind, solar asked to submit a binding Request for and battery projects in NSW with a combined Proposal (RFP) and further information. capacity of over 1,300MW. The annual

generation from this portfolio is equivalent to It’s important to note that the EOI offer is not approximately 50% of the coal-powered binding and is intended to give Snowy Hydro Liddell . sufficient information to shortlist proponents to the next stage of this tender process. The portfolio, which will be known as

Grassroots Renewable Energy Platform

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("Grassroots"), will be constructed their specific electricity requirements”, said progressively over the next four years and will Mr Hewitt. create many high-value jobs in regional areas. Partners Group will invest $700m into Key facts: Grassroots on behalf of its clients. The Clean The 135MW Crudine Ridge Wind Farm, Energy Finance Corporation (CEFC), Westpac located 45km south of Mudgee in NSW, will and Sumitomo Mitsui Banking Corporation be constructed by GE Renewable Energy and (SMBC) have provided debt funding for the Zenviron, who will install 37 x GE 3.63MW Crudine Ridge Wind Farm. wind turbines. The transmission grid connection will be constructed, owned and “These projects will help with the transition operated by Transgrid. Once operational, away from fossil-fuelled electricity in the Crudine Ridge Wind Farm will provide enough State”, said CWP Renewables’ CEO, Mr Alex power for around 55,000 homes. The project Hewitt. “Significantly, our portfolio combines was advised by ANZ, Deloitte and Norton Rose the benefits of wind and solar generation with Fulbright. Partners Group was advised by large scale batteries, allowing morning and KPMG and Clifford Chance. Lenders were evening wind generation to be combined with advised by Aurecon and King & Wood daytime solar generation and battery energy Mallesons. storage. This is the future of large scale generation in Australia. We can, from this Sapphire Wind Farm between Glenn Innes large portfolio, produce 24/7 baseload and is the largest and tallest wind renewable power at very competitive prices”. farm in NSW. This 270MW, $600m project is developed and owned by CWP and Partners Mr Benjamin Haan, Partner, Head Private Group. Construction commenced 18 months Infrastructure Asia-Pacific, Partners Group, ago. The project is now generating and is due stated: "When we invested in Sapphire Wind for completion later this year. Once complete, Farm, one of the key attractions for us was Sapphire Wind Farm will generate enough the project’s potential to anchor an Australian energy to power 110,000 Australian renewable energy platform. Partners Group households and offset over 600,000 tonnes of and CWP have a project pipeline of 1.3GW of carbon emissions during every year of wind and solar generation capacity, offering operation. the scope for us to be selective and to develop Grassroots into a quality renewables Source: CWP Renewables platform of significant scale. We look forward to working with the CWP team to further support the generation of clean energy in Partners Group to invest AUD Australia." 700 million in Australian Once operational, Crudine Ridge will generate renewable energy platform; 400GWh of energy annually, which is enough to serve 55,000 homes. announces imminent Australia has purchased 50% of this energy construction of Crudine Ridge under a long term power purchase agreement to support the growth of its retail business Wind Farm , which is Australia’s greenest 28 May energy retailer. Partners Group, the global private markets investment manager, has agreed to invest a “There is also a lot of interest from large total of AUD 700 million in the development energy users who are seeking competitively of a large-scale renewable energy platform in priced clean energy that can be shaped to Australia on behalf of its clients. The platform, which will be known locally as Grassroots Renewable Energy Platform ("Grassroots"),

Page 2 (Click on relevant project links to go to online Project Database) will be seeded with the 270MW Sapphire generation capacity across wind and solar Wind Farm project and will in addition power, offering the scope to be selective and construct over 1,300MW of new wind power, develop Grassroots into a quality renewables solar power and battery storage assets across platform of significant scale. We look forward Australia within the next four years. To realize to working with the CWP team to further the Grassroots platform, Partners Group has support the generation of clean energy in teamed with local developer CWP Renewables Australia." ("CWP"), also an investor in the project. To-date, Partners Group has developed Partners Group first joined forces with CWP in around 2GW of solar and wind energy 2016 when it announced an AUD 250 million capacity on behalf of its clients across the investment into Sapphire Wind Farm, a Asia-Pacific region, including Australia. 270MW development project located in the Previous investments include a 550MW state of New South . Sapphire Wind Taiwanese solar power development platform Farm, which is due to be completed by and the 240MW October 2018, will generate enough energy to development in Australia, which Partners power 110,000 Australian households and Group invested into in August 2016 and June offset over 600,000 tonnes of carbon 2015, respectively. Most recently, Partners emissions during every year of operation. Group announced the sale of its stake in Japan There are also plans to launch a community Solar, a 610MW platform of Japanese Solar co-investment project at Sapphire Wind Farm power assets, which the firm had invested in late 2018, which will enable members of into in 2013. the neighboring community to participate in the financial benefits from the sale of About Partners Group Partners Group is a renewable electricity. global private markets investment management firm with over EUR 62 billion The second project under the Grassroots (USD 74 billion) in investment programs under platform will be Crudine Ridge Wind Farm, a management in private equity, private real 135MW construction-ready wind farm near estate, private infrastructure and private Mudgee in . Construction debt. The firm manages a broad range of will begin in May 2018 and will be completed customized portfolios for an international by September 2019. Crudine Ridge Wind Farm clientele of institutional investors. Partners will consist of 37 GE 3.63MW turbines and, Group is headquartered in Zug, Switzerland once operational, will provide a further and has offices in Denver, Houston, New York, 400GWhrs of annual power output to the São Paulo, London, Guernsey, Paris, grid, enough to serve 55,000 homes. Half of Luxembourg, Milan, Munich, Dubai, Mumbai, this energy has been sold to Powershop, an Singapore, Manila, Shanghai, Seoul, Tokyo and Australian electricity provider that provides Sydney. The firm employs over 1,000 people 100% green energy to its retail customers. In and is listed on the SIX Swiss Exchange addition to Crudine Ridge Wind Farm, there (symbol: PGHN) with a major ownership by its are a number of other pipeline projects for partners and employees. Grassroots, which comprise a combination of wind, solar and battery storage assets. Source: Partners Group

Benjamin Haan, Partner, Head Private Infrastructure Asia-Pacific, Partners Group, states: "When we invested in Sapphire Wind Farm, one of the key attractions for us was the project's potential to anchor an Australian renewable energy platform. Partners Group and CWP have a project pipeline of 1.3GW in

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Zenviron secures Crudine “With Zenviron’s strong performance on our Sapphire Wind Farm project, they were a Ridge Wind Farm contract natural selection for us to deliver Crudine 28 May Ridge, with GE.” Highlights - Zenviron secures new balance-of-plant With early engineering works now complete, contract, and its first transport and erection the project moves into the construction phase contract, on NSW windfarm with practical completion expected in October 2019. A consortium of Zenviron Pty Ltd (“Zenviron”), full service balance-of-plant (BoP) specialists, Source: Monadelphous and GE Renewable Energy (“GE”), global leader in advanced technology focusing on wind, hydro and solar power generation, has been awarded a $200 million contract for the CEFC marks renewables delivery of the 135MW Crudine Ridge Wind milestone, topping $700 Farm in New South Wales. million in commitments to

Zenviron will design and construct the civil regional and rural wind and electrical BoP works and carry out the projects transport and erection on the 37 wind turbine 29 May project, while GE will manufacture the The Clean Energy Finance Corporation has turbines, deliver them to port and provide reached a new milestone in its renewable commissioning and technical assistance to the energy portfolio, announcing its 10th project. investment in a large-scale wind project.

Crudine Ridge Wind Farm is located The latest investment, in New South Wales, approximately 45kms south of Mudgee in will see the CEFC’s overall commitment to NSW. Once complete, the wind farm will wind top $700 million since it began investing provide enough electricity to power 55,000 in 2013. CEFC wind commitments have homes per year. The project will contribute catalysed an additional $3.1 billion in private over $160,000 annually to the local region, sector capital, driving significant investment through a community fund initiative, and to accelerate the development of more than bring up to 75 new jobs to the area. 1.65 GW of additional renewable energy

capacity. Commenting on the contract win, Zenviron

General Manager, Carl Keating, said: This includes the CEFC’s latest $38 million “For Zenviron, the Crudine Ridge Wind Farm commitment to the 135 MW Crudine Ridge contract represents key strategic progress, Wind Farm near Mudgee in NSW. The project further developing our position as a leader in will provide enough electricity to power balance-of-plant works and expanding our around 55,000 homes each year. It is service offering with the award of the expected to deliver more than eight million transport and erection component of the tonnes of carbon emissions abatement over project.” its lifetime.

The project is being developed by CWP CEFC Wind Investment lead Andrew Gardner Renewables, on behalf of Crudine Ridge Wind said: “CEFC finance has helped deliver almost Farm Pty Ltd. 30 per cent of new wind capacity in Australia

since 2013, contributing to a robust CWP Renewables’ Chief Executive Officer, ecosystem of local and international project Alex Hewitt said:

Page 4 (Click on relevant project links to go to online Project Database) developers, contractors, advisors and financial large energy users, who are seeking institutions. competitively priced clean energy that can be shaped to their specific electricity “We are proud to have worked alongside requirements.” project developers and other financiers to deliver significant growth in this important The 10 wind projects directly financed by the clean energy source, which is critical to CEFC are in NSW, Queensland, and reducing emissions from our energy-intensive . The CEFC has also indirectly electricity sector. invested in wind projects via its commitments to green bonds and equity funds. “Large-scale wind projects such as the Crudine Ridge Wind Farm continue to deliver new Since the CEFC began investing in 2013, a total sources of revenue and jobs to regional and of 44 wind projects have been built or rural communities, enabling them to tap into reached financial close in Australia. Those the benefits of abundant and low cost clean projects amount to just over 6GW of new energy resources.” capacity and represent around AU$13 billion of new investment. The $250 million Crudine Ridge Wind Farm is being developed by CWP Renewables and CEFC CEO Ian Learmonth added: “Every CEFC Partners Group, with the CEFC participating in dollar of direct investment in wind projects a $113 million senior debt facility alongside has been matched by more than $4.40 from Westpac and Sumitomo Mitsui Banking the private sector, to support projects with a Corporation. The wind farm has a partial total value of $3.8 billion. This is a very robust energy offtake agreement with Meridian level of private sector capital and confirms the Energy Australia, owners of retailer critical role we are playing in accelerating the Powershop. flow of finance into clean energy investment while helping to drive down development and The project will contribute more than energy costs. $168,000 per year to Community Enhancement Funds established with the Mid- “Australia has seen enormous progress in Western and Bathurst Regional Councils, as lowering the levelised cost of wind through well as support upgrades to more than 20 declining up-front installation costs, increased kilometres of local council roads. In addition, turbine sizes and longer turbine design lives. 19 host landowners will benefit from rental Despite the increasing maturity of the wind income throughout the life of the project, sector in Australia, financing for uncontracted with neighbour agreements helping distribute projects remains a challenge. We see our role funds to others in the local community. as contributing to developer and investor confidence in backing these partially- The wind farm is expected to support 75 full contracted developments to support time equivalent jobs during construction, continued investment”. stimulating further investment in local businesses and services. Source: CEFC

CWP Renewables CEO, Alex Hewitt said: “It is great to be starting our third wind farm in NSW and the second project with the CEFC. Half of the project’s generation is being sold to green energy retailer, Meridian Energy and the remainder is being purchased progressively by corporate customers. We are very impressed by the level of interest from

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Lyon, JERA, Fluence partner for Quotes attributable to David Green, Chairman, Lyon Asian roll out of utility-scale “Lyon’s collaboration agreement with JERA battery storage and Fluence is a major step toward a future 29 May where the world’s electricity systems meet Lyon, JERA and Fluence today announced a consumers’ needs securely and reliably with collaboration agreement to identify and renewable power.” pursue utility-scale battery storage development and investment opportunities in “This collaboration agreement is based on a Asia Pacific markets. shared understanding that the world requires low emissions energy systems that are also The collaboration agreement combines one of secure, reliable and affordable. Utility-scale the world’s largest energy companies (JERA), battery storage solutions across new and the world’s most experienced battery storage existing generation plants will be a key technology company (Fluence), and the enabler.” world’s leading independent developer of integrated utility-scale battery storage and “Lyon’s tranche 1 projects will include four- renewable generation projects (Lyon). hour Fluence battery storage systems and are scheduled to commence construction in the The parties will assess utilisation of utility and coming months.” industrial scale battery storage solutions in new projects and at existing renewable and “By partnering with Lyon, JERA moves to the thermal generation plants across their forefront of realising the benefits of battery collective operational footprints. On projects storage in electricity systems with increasingly to which the parties commit, Lyon will be the variable generation. Fluence is our long-term project developer, JERA an investor, and technology partner and has deep knowledge Fluence the energy storage solution and of the power sector and the ability to deliver service provider. an industrial grade solution.”

JERA is an equal joint venture of two major “This collaboration agreement positions Lyon, Japanese electricity companies, TEPCO Fuel & JERA and Fluence to lead the world in the Power Incorporated and Chubu Electric Power deployment and use of utility and industrial Company. scale battery storage.”

Fluence is an equal joint venture of Siemens “There are many markets beyond Australia and AES and combines all battery-related where big batteries can provide substantial actives previously undertake by the parent value in terms of network strength and companies. dispatchable capacity. The ability of battery storage to reduce curtailment of variable The collaboration agreement expands on the renewable generation plant along the same strong relationships formed by the parties transmission line is particularly attractive.” through development of Lyon’s tranche 1 integrated solar and storage projects: Source: Lyon Group

- Cape York, Queensland (55MW solar + 20MW/80MWh storage) - Nowingi, Victoria (253 MW + 80MW/320MWh) - Riverland, South Australia (253MW + 100MW/400MWh) (up to 330MW solar including stage 2)

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Burra Foods commits to long- Matthew van der Linden, Managing Director of Flow Power, comments, “We look forward term sustainability through to working with Burra Foods and are pleased renewable energy to welcome them as a customer. Traditionally, 29 May the dairy industry is a heavy power user that Gippsland based dairy processor Burra Foods, requires a significant amount of power at all has today announced that it has entered into stages of the supply chain. This agreement a large-scale Renewable Corporate Power will deliver secure cost-efficient power for the Purchase Agreement (PPA) with - long term, without compromising on Burra based energy retailer Flow Power. Foods’ sustainability goals.”

The deal will bring Burra Foods closer to “Above all else, Australia’s dairy industry meeting its ambitious energy efficiency goals, needs cost-effective sustainable energy. PPAs and give the business direct access to secure deliver this.” low-cost renewable energy over a ten year Renewable Corporate PPAs allow businesses period. The renewable power, sourced from to contribute to a lower carbon economy and Ararat Wind Farm, is expected to deliver reduce overall emissions, while potentially annual savings in excess of 20 per cent and saving hundreds of thousands of dollars in can be used in real time to offset grid energy costs. electricity consumption. Source: Burra Foods Stewart Carson, Burra Foods General Manager Supply Chain and Manufacturing, says, “As a business, Burra Foods has very bold Giant ‘water battery’ and solar sustainability targets and we have invested heavily in renewable energy solutions that fit planned for USC our usage demand.” 30 May The University of the Sunshine Coast is “Partnering with Flow Power and sourcing a unveiling plans for a giant “water battery” run steady supply of clean, renewable energy is a by solar panels in a bid to become carbon major step toward our facility being powered neutral by 2025. by 100 percent renewable energy. We remain committed to playing our part in sustainable Project partner Veolia will build, install and dairy manufacturing.” operate 5,800 rooftop solar panels and a 4.5 megalitre water storage tank at USC’s main Last year, Flow Power announced the campus at Sippy Downs to cool water for air availability of its Renewable Corporate PPAs, conditioning. giving Australian businesses the opportunity to tap into a globally recognised trend that It is expected to save more than 92 thousand lowers energy costs and benefits the tonnes of CO2 emissions over 25 years, environment and economy. equivalent to the carbon emissions of 525 average Australian houses for the same During peak periods, Burra Foods can receive period. up to 1.5 million litres of fresh farm milk for processing every day. The dairy manufacturer Veolia will build the panels and tank at no cost required an energy solution that would to the university, operate and maintain the support its rigorous production schedule, infrastructure for 10 years, selling the energy improve its energy efficiency and provide generated back to the university at a rate price certainty. cheaper than electricity from the grid. After this time, ownership of the infrastructure will transfer to USC.

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Vice-Chancellor Professor Greg Hill said the “This is proof that we’re an innovative project was a major step towards the university leading the way on sustainability university’s goal to become carbon neutral by initiatives, and we’re using this newest 2025, and was expected to be operational by technology to inform the engineers of the early 2019. future.”

“The tank is essentially a giant water battery,” Grant Winn, Executive General Manager – Professor Hill said. Energy and Refractories, Veolia Australia and , said: "Veolia is excited about “Sixty percent of our energy is used for working with USC on such an innovative chilling water for air conditioning, so our Asset sustainability project where we will help Management Services team and Veolia have reduce the energy consumption and carbon come up with a way we can harness solar emissions of the campus through sourcing energy for cooling water and storing it. renewable solar energy, whilst also reducing potable water usage." The 2.1 megawatt photovoltaic system, with panels spread across campus rooftops and USC is also developing plans for carbon saving carpark structures, will produce enough measures at its other campuses across the energy to cool 4.5 megalitres of water, region. effectively acting as a seven-megawatt battery. Source: University of the Sunshine Coast

“This will reduce the campus’s grid electricity use by 36 percent and will lead to an Record 2017 a glimpse of what estimated $100 million saving over the 25- year life of the project,” Professor Hill said. is to come for clean energy in Australia “We will use environmentally friendly 30 May refrigerant gas, and campus lake water for the While 2017 was a record year on many fronts air conditioning cooling towers, resulting in a for the renewable energy industry, it is just a saving of 802 megalitres of potable water.” glimpse of the unprecedented level of activity

expected in the next couple of years, Clean Also included in the project will be an Energy Council Chief Executive Kane Thornton automated system that will select and switch said in launching the Clean Energy Australia to the most appropriate energy source at any Report today. given time, whether that is stored chilled water, solar energy or electricity from the Mr Thornton said the 1.1 GW of new rooftop grid. solar capacity last year was the most in

Australian history, eclipsing the previous “On cloudy days when the solar isn’t record in 2012. And the 16 large-scale operating at peak, the system will use grid renewable energy projects completed during electricity at night-time when electricity rates the year added 700 MW of new generation to are lower,” Professor Hill said. the mix.

“The system will react to changing conditions “Perhaps most significantly, the large-scale on campus and select the best source of renewable projects either under construction energy to minimise energy use, carbon or which had attracted finance add up to emissions and cost.” more than seven times the amount of work

completed in 2017. These 50 projects add up Professor Hill said the project will be used to to 5300 MW of new capacity and 5750 direct teach engineering and sustainability students. jobs,” Mr Thornton said.

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“There are now enough projects in the system of large-scale projects reaching financial close to meet the 2020 Renewable Energy Target during the year. This investment will deliver (RET). Given we were only about halfway to 5300 MW of new generating capacity and the large-scale target at the beginning of 5750 new direct jobs 2017, it shows the remarkable level of deal- - It was also a record year for rooftop solar making and project activity during the year. power, with 1.1 GW of new generating However, it also shows that long-term capacity installed bipartisan policy has been critical for 12 per cent of the 172,000 solar power investment in the energy sector, and that systems installed in 2017 included a battery, policy certainty beyond 2020 is becoming up from 5 per cent the year before. NSW is increasingly urgent.” leading the charge, with more than 40 per cent of the national storage installations The 2018 Clean Energy Australia report is a occurring in the state summary of the previous year in clean energy - The installation rate of household batteries and provides insight into the exciting future across the country tripled in 2017, rising to for the sector. 20,789 units from 6750 the year before - The world’s largest lithium ion battery was One of the changes from previous years is completed in 2017 in South Australia. The that hydro generation was significantly down Hornsdale Power Reserve, which was built by in 2017 compared to the year before, mostly Tesla in South Australia as a result of reduced rainfall in key - 16 new projects were completed during catchment areas. While the drop in hydro was 2017, including four solar power plants and mostly offset by a rise in other kinds of five wind farms renewable energy generation, the overall - Wind and hydro contributed almost identical percentage of clean energy in the national mix amounts of power to the electricity system for dipped slightly from 17.3 to 17 per cent. the first time, with each accounting for just over a third of the renewable energy “The RET has been the key policy encouraging generated during 2017 and 5.7 per cent of investment in both small and large-scale total national renewable energy, and the large number of - Power prices are expected to fall just over 6 projects which will come online over the next per cent on average over the next two years few years is predicted to reduce power prices as more wind and solar power comes online. by an average of 6.2 per cent,” Mr Thornton said. The 2018 Clean Energy Australia report can be downloaded from the Clean Energy Council “With the 2020 target now in hand, the whole website. energy sector is looking for policy certainty that will enable it to continue to invest far Source: Clean Energy Council beyond 2020. “The development of the National Energy Guarantee seems to be heading in the right direction, but the level of emissions reduction currently planned under the policy is unlikely to encourage the new renewable energy to continue to drive down power prices as our old coal power plants continue to close,” Mr Thornton said.

Highlights from the report include: - 2017 was a record year for large-scale renewable energy, with over $10 billion worth

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Dundonnell Wind Farm PROJECT NEWS replacement underwriting Raglan Solar Farm Gladstone Regional Council approved Eco agreement Energy World’s 350 MW Raglan Solar Farm in 30 May Queensland. The project will feature tracking On 14 February 2018, Tilt Renewables Limited arrays located on a 1138 hectare (“Tilt Renewables”) announced that it development site. submitted a bid into the Victorian Renewable Energy Auction Scheme (“VREAS”) for a portion of output from the fully permitted (“Dundonnell”). Wonwondah Wind Farm to power Western Victoria As part of the funding arrangements, Tilt 31 May Renewables advised that it had obtained A new 40 MW wind farm in Western Victoria equity funding support from its majority that will power more than 25,000 households shareholder Infratil Limited (“Infratil”). This as part of the ongoing renewable energy jobs equity funding support comprised a boom in Western Victoria has been given the conditional agreement by Infratil to offer to crucial sign-off. underwrite 100% of an equity raising of A$300 million for Dundonnell (subject to agreement Minister for Planning Richard Wynne today on equity pricing) should Dundonnell be announced the approval of a thirteen-turbine successful in securing a contract through the facility near Wonwondah North. VREAS process. The wind farm will be developed by NewEn Tilt Renewables wishes to advise that, as with the 235-metre high turbines producing permitted by the agreement with Infratil, it enough energy to power around 25,000 has entered into a volume underwriting householders every year. agreement with Citigroup Global Markets Limited and Forsyth Barr Group Limited in This site has been chosen because it receives relation to the A$300 million equity raising. undisturbed wind flow with strong, consistent This volume underwriting agreement replaces wind speeds near the existing electrical grid. the equity support arrangement with Infratil. Infratil has provided a conditional Thanks to the Andrews Labor Government’s commitment to subscribe for its full pro-rata Renewable Energy Target, Victoria is expected entitlement in the equity raising. There are no to see an estimated $9 billion of investment underwriting or commitment fees payable on and around 11,000 jobs created over the life the Infratil portion of the equity raising. of the scheme.

Further details of the timing and terms of any This project is another step in helping Victoria equity raising (including any associated achieve its renewable energy target of 25 per shareholder approval process, if required) will cent renewable energy production by 2020 be provided when the outcome of the VREAS and 40 per cent by 2025. process is known. The Rifle Butts WEF Project is expected to Source: Tilt Renewables create 120 jobs during construction. The project will also create up to four full time positions throughout operation of the facility.

Construction is anticipated to commence in early 2019.

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Quotes attributable to Minister for Planning Mars has contracted for energy to match the Richard Wynne electricity requirements of its six Australian “This new wind farm is another important factories (Asquith, , Bathurst, Wacol, step forward in creating a more sustainable Wodonga & Wyong) and two sales offices future for regional Victoria, powering 25,000 (Melbourne & Sydney). homes and creating 120 construction jobs along the way.” “Mars is thrilled to be flicking the switch to solar energy,” said Barry O’Sullivan, Mars “In stark contrast to the Coalition who tried to Australia. “It's about making a long-term smash the wind industry, we’re supporting commitment to a sustainable, greener planet the renewables sector to create local jobs and that will benefit our customers, our deliver affordable clean energy for hard consumers and the local and global working families.” community."

Quote attributable to Minister for Energy, Australia as a nation currently is one of the Environment & Climate Change Lily highest emitters of greenhouse gas per capita D’Ambrosio in the world, with electricity generation being “This is another great project that will deliver a major contributor. a boost for renewable energy in Western Victoria, and support even more jobs in the Mars, in partnership with Total Eren, will play booming clean energy sector – all jobs that a role in reducing Australia's reliance on fossil would be put at risk if the Coalition had their fuels – the power generated at the Kiamal way.” Solar Farm will be supplied to the national grid, thereby increasing the ratio of Quote attributable to Member for Western renewable energy in the National Energy Victoria Jaala Pulford Market. “This is another win for Western Victoria, a win for local jobs and a win for the Mr O'Sullivan said, "The rise in electricity environment. Unlike the Coalition who tried prices last year accelerated our plans to join to shut down the renewables industry, we’re Mars sites in the US, UK and 9 other countries supporting it to power our regional areas and in moving to renewable electricity." create jobs.” "We acted quickly because the price volatility Source: Victorian Government of energy in Australia made renewables the best option for our business, in addition to getting us closer to our commitment to Mars Enters the Solar System eliminate greenhouse gasses from our operations by 2040." 31 May

Mars Australia has signed 20 year power- The PPAs are part of a broader Mars journey purchase agreements (PPA) with Total Eren to to become Sustainable in a Generation, with generate the equivalent of 100% of Mars’ plans to reduce greenhouse gasses across the electricity from renewable energy by 2020. supply chain by 67% by 2050.

Total Eren is developing and will build the Kevin Rabinovitch, Mars Global VP near Ouyen, Victoria which Sustainability said, “Last year we announced will be operational in mid-2019. The Mars we’re spending a billion dollars in the next PPAs will also facilitate the planned build of a three years to start transforming our supply second renewable project by Total Eren in chain to get those impact reductions. We’ve NSW. made solid progress on the sustainability of

our own operations since 2007, so now we’re

Page 11 (Click on relevant project links to go to online Project Database) in a good position to accelerate work and TFS Green are pleased to have been able to share lessons with our supply chain partners broker the Kiamal Project to Mars as part of as we tackle impacts beyond our own their new corporate PPA services platform - operations.” Renewable Energy Hub.

Mr O’Sullivan added, “We have an extensive Source: Mars Australia local supplier network and we’ll be talking to them about how they can help further reduce emissions in our supply chain.” Have your say on new

Total Eren CEO David Corchia said, “Total Eren technical standards for has an ambitious vision for the expansion and generators to help keep the development of renewable energy in Australia.” lights on at lowest cost 31 May “Partnering with manufacturing thought The AEMC today proposed significant changes leaders like Mars Australia is essential and to technical performance standards for sends a strong message to the rest of the generators seeking to connect to the national market that now is the time to capitalise on electricity grid, and the process for the opportunities offered by renewable negotiating those standards. power purchase agreements and to drive positive change in the environment.” Generators play an important role in helping AEMO and network businesses keep the lights Mars does not take energy directly from the on. This can include having the technical solar farm to power its operations. By helping capability to control their voltage and to underwrite a part of the project, Mars frequency, and the ability to stay connected provided the security necessary to enable the even when there is a major disturbance to the project developers, Total Eren, to expand the power system. solar farm to a planned Stage 1 capacity of 200 MW. In return, Mars will receive the AEMC Chairman, Mr John Pierce AO, said Renewable Energy Certificates (RECs) created today’s draft rules provide a foundation for a by Kiamal Solar Farm, which are transferable secure, least cost transition as new generators for all Mars’ electricity use in all of its with different technical characteristics join Australian facilities. the power system.

Sam Kimmins, Head of RE100, The Climate “The electricity system is transitioning, with a Group, said, “Investing in solar power is a large number of new generators like wind and sound business decision in light of fluctuating solar farms set to connect in coming years. energy costs in Australia. By adding renewables capacity and engaging suppliers, “We want to get the balance right between leaders like Mars can spur wider corporate cost and system security for consumers. action that can shift the local market away from fossil fuels and start bringing down the “Matching technical requirements to local country’s high emissions.” power system needs is key to keeping costs down for consumers," said Mr Pierce. Mars partnered with Commodity Risk Solution, LLC, a global energy market advisor, This major piece of work is the result of a rule to structure and deliver an innovative change request from AEMO and months of corporate PPA that will provide a lasting cross-industry collaboration. economic advantage. A team of technical experts comprising AEMO, generators, network businesses and power

Page 12 (Click on relevant project links to go to online Project Database) systems engineers worked with the AEMC PROJECT NEWS throughout the project to systematically review each technical standard. This targeted Goldwind Australia is seeking Expressions of approach will enable the standards to be Interest from suppliers and contractors for negotiated for each connection – tailored to work packages for its Moorabool Wind Farm circumstances. in Victoria, including:

- Logistics “For example, if provision of voltage control - Wind Turbine Erection isn’t an issue in a particular area because - Design and Construction of the civil and there are plenty of generators providing this electrical balance of plant (onsite roads, capability already, we don’t want to be forcing foundations, buildings and electrical new generators connecting to the grid in that reticulation). part of the system to have to pay for unnecessary voltage control capability,” said Zenviron has been appointed by Goldwind Mr Pierce. Australia as the Balance of Plant contractor.

The draft rule tightens some standards where The project scope includes the construction needed and sets clearer roles and and operation of 107 wind turbines and is responsibilities so all parties – generators, expected to produce 1,100,000 MWh of networks and AEMO – know what they have electricity annually. It is located to do when negotiating the required approximately 4km south of Ballan, 67km standards for a particular location. from Melbourne, 27km from Ballarat and

47km from . It will extend 14km north The AEMC proposes a transition period of to south between Ballan and Mount Wallace eight weeks after the final rule is made to give to the west of the C141 (Geelong-Ballan Rd). everyone time to adjust, before the new The project is divided into two sections, the performance standards apply. Bungeeltap Section towards the north of the

project site and the Ballark Section to the Submissions on the draft rule are due by 13 south. July 2018.

An industry briefing event will be held on 5 This rule change request addresses a June in Ballan at which the construction team recommendation made in the Finkel review to at Goldwind Australia and Zenviron will update generator connection standards in the provide a project update and explain how you National Electricity Rules. It is also part of the can be involved in the Moorabool Wind Farm AEMC’s security and reliability action plan to project. provide AEMO with the tools it needs to manage a power system with a growing share More information available from ICN Gateway of renewables and other forms of capacity. here

This includes new rules starting in July 2018 to make networks maintain minimum levels of system strength and inertia.

Source: AEMC

NOTE: More information available here

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Pursuing innovative solar The Department of Primary Industries and Regional Development will work in opportunities for the collaboration with relevant agencies, Goldfields particularly the Public Utilities Office, Western 31 May Power, and Lands agencies. - Proposal for the first Virtual Power Plant in the Goldfields to be developed For more information, - Planning for land access for future large visit http://www.drd.wa.gov.au scale-solar developments - Government continues to progress its Comments attributed to Regional election commitment to investigate the Development Minister Alannah MacTiernan: potential for a major solar project in the "We now have a comprehensive analysis of Goldfields the complexities of a large-scale solar project in the region, and mapped out some The McGowan Government will invest innovative and interesting ways forward. $500,000 to develop a proposal for a Virtual Power Plant (VPP) trial in the Goldfields and "A VPP has the potential to achieve multiple make land available for future large-scale positive outcomes, including increasing the renewable energy development in the region. amount of energy available in the Goldfields, trialling innovative power technologies, A VPP is a distributed rooftop solar and supporting grid stability and management battery system that collects energy, which can strategies, and helping WA move forward on be dispatched in a similar way to a centralised emissions reduction. We look forward to power station. working with industry and other stakeholders on building the best model for the region. A preliminary assessment into large-scale solar projects in the Goldfields identified the "Kalgoorlie-Boulder and the wider region is a best path forward to bring renewable energy, big economic contributor to the State. Future innovative technology, and network support renewable energy solutions will be a priority to the region. to securing regional growth and servicing the needs of this growing regional population." The assessment involved extensive consultation with local industry, energy Comments attributed to Energy Minister Ben groups, mining companies, solar developers Wyatt: and relevant government agencies. "Despite the Goldfields being an obvious location for a major solar project with year- The proposal will consider the installation of a round high solar energy levels, input to the VPP on Kalgoorlie-Boulder properties, which electricity grid in the region needs to be may include public housing, giving the carefully managed. potential for reducing electricity bills for residents. The VPP would provide more "The trial of a Virtual Power Plant in the energy to the region as well as improving Goldfields is an exciting prospect that has the reliability, which is fundamental to enabling potential to assist Western Power and the the economic development and growth of the market operator to assess how innovative region. technologies can help manage some network challenges in the region." Making land available for the development of large-scale renewable projects is also being Source: WA Government planned to coincide with the implementation of network regulation changes in 2022.

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Delivering solar energy to The project is jointly funded by ARENA and the Northern Territory Government and remote Indigenous managed by the Northern Territory Power communities and Water Corporation. 31 May Seventeen off-grid remote Indigenous Source: Federal Government communities are set to benefit from solar energy and reduce their reliance on diesel fuel thanks to support from the Coalition New guidelines will make Government. connecting to the grid easier The communities, located in Central Australia, 1 June Katherine, Top End and Tiwi Islands regions of Energy Networks Australia has today released the Northern Territory, will be provided with a the first in a suite of guidelines for network total 5.6 MW of solar energy. companies to support the fair and efficient connection of solar and battery storage to the The Coalition Government, through the grid. Australian Renewable Energy Agency (ARENA), has provided $31.5 million in The national Distributed Energy Resources funding towards the $59 million project (DER) Grid Connection Guidelines Framework known as the Solar Energy Transformation and Principles sets out the principles, Program (SETuP). objectives, structure and framework for networks to ensure consistency in how Eleven other off-grid remote Indigenous household and business solar and batteries communities have already benefitted from are integrated into the grid. 4.325 MW of solar energy under the program, including Daly River where the 1 MW solar Energy Networks Australia CEO Andrew Dillon energy site is also equipped with a battery. said a consistent approach across the country was essential as Australia’s national energy "This project provides opportunities for off- market transformed into a more decentralised grid remote Indigenous communities to system. decrease their reliance on diesel fuel which is subject to price fluctuations and seasonal “Up to now, networks have responded to the transport issues," Minister Frydenberg said. challenges of the growth in rooftop solar and storage options by adopting their own – often "It spans the breadth of the Northern different - technical requirements and Territory, from the Tiwi Islands in the north to connection processes,” he said. Aputula in the south, and demonstrates our commitment to deliver cheaper, cleaner and “This has led to inconsistencies between more reliable energy for all Australians." networks, which has been identified as a major concern by stakeholders in numerous Minster Scullion said the project is an industry reports including the CSIRO/Energy important step towards transforming the way Network Australia Electricity Network energy is supplied to remote communities in Transformation Roadmap. These guidelines Australia. are being developed to establish uniformity around voltage, legal frameworks and "This project will help secure energy supply technical standards to enable fair, easy and for 17 remote communities and I am pleased efficient grid connection.” to be part of a Coalition Government that is delivering better basic services for remote The guidelines are being developed in Territorians," Minister Scullion said. consultation with industry stakeholders

Page 15 (Click on relevant project links to go to online Project Database) including the Australian Energy Regulator, The survey was awarded to EGS Survey based Australian Energy Market Operator, Clean out of Henderson, utilising the vessel Business Energy Council, Energy Consumers Australia Class owned and operated by Empress Marine and all Australian electricity networks. of Dunsborough. In addition, South Coast Natural Resource Management of Albany is Mr Dillon said the framework would also providing a local expert in marine fauna who deliver on recommendations in the Finkel has been on board the vessel to ensure the Review for a holistic review and update of operations conform with all state and federal connection standards. legislation regarding marine wildlife.

“We’re also really pleased that while these The planned reconnaissance lines have now guidelines are voluntary, all Australian been completed and collected very accurate networks have committed to adopt their bathymetry data, seabed sediment requirements,” he said. identification and geological data to a depth of approximately 50m below sea bed. This has Based on the requirements outlined in the allowed for the identification of basement Framework and Principles guideline, four granites and the required thickness of technical guidelines will be developed over younger rocks that are preferred for the the next six months, detailing the specific foundations. technical requirements for network connections. In the coming days a detailed grid of data will be acquired that will provide depth to granite Energy Networks Australia will review the DER and thickness maps of the younger strata. guidelines regularly to make sure they are consistent with legal frameworks and The geophysical survey team has consisted of technical standards. three vessel crew, four survey crew, a client representative for Carnegie and a marine The first review will be in October this year mammal observer. These have been and the guidelines will be independently supported by the Carnegie and EGS evaluated every two years. management teams from and Albany.

The Distributed Energy Resources (DER) Grid Source: Carnegie Clean Energy Connection Guidelines Framework and Principles report can be viewed here. APA extends PPA term with Source: Energy Networks Australia with 17.5MW of solar 1 June Albany geophysical survey APA Group (ASX:APA), Australia’s leading energy infrastructure business, today 1 June announced an extension to the existing Power Carnegie Clean Energy Limited (ASX: CCE) is Purchase Agreement (“PPA”) with Alinta pleased to advise of progress on its Energy for the , to geophysical site investigation over the include a 17.5MW solar farm. proposed Torbay site at Albany in Western

Australia. The purpose of the geophysical Both projects are expected to be survey is to establish the offshore geology and commissioned in early 2019. The combined suitable strata thickness to inform the wind and solar PPA will extend the original 12 technical and economic feasibility of the year PPA by an additional 5 years to 2035. proposed CETO 6 foundation design. Alinta Energy will purchase all of the energy

and the Large-scale Renewable Generation

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Certificates generated by both energy corporate PPAs in Victoria to date, represents sources. Financial close of the solar farm a substantial portion of the 200MW Kiamal project is expected within the next few Project. months and is subject to finalisation of variations to the transmission connection Renewable Energy Hub (‘RE Hub’) corporate agreement with Western Power to cater for PPA and firming marketplace presents a menu the solar farm offtake. of corporate PPA and retailer energy procurement options to make it easier for C&I APA Group Managing Director, Mr Mick energy buyers to access dramatic energy cost McCormack, said, “It’s always pleasing to savings and to unlock demand for energy from extend the relationship and services provided projects. The model also serves wholesale to existing long term customers such as Alinta renewable energy projects, consultants and Energy. We’ve also worked closely with other energy retailers. The objective of the platform key stakeholders including Western Power is simple: A marketplace to standardize and and the local community to bring this project drive more wholesale renewable energy, to fruition. firming products and Corporate PPA transactions. “The 147.5MW combined Badgingarra wind and solar projects have complementary RE Hub is building on TFS Green’s 15 years’ generation profiles. Like our adjoining Emu experience as a leading wholesale energy Downs wind and solar projects, the wind market service provider and will provide a pattern in this region allows for the solar serviced marketplace for wholesale generation to utilise the existing substation renewable generators to transact with and connection infrastructure. On completion, corporate and wholesale market offtake APA will have a renewable energy precinct buyers, energy consultants and investors - capable of generating over 247.5MW of across the APAC region. But RE Hub goes a energy for the South West Interconnected step beyond that - to bring a suite of System, Western Australia’s primary wholesale energy market services designed to electricity grid.” drive transaction outcomes and contracting opportunities for projects and create options Alinta Energy Managing Director and CEO, Mr for energy buyers to reduce costs. Jeff Dimery said, “We were pleased to sign the initial power purchase agreement and very RE Hub is also driving a variable generation happy to extend it to include the solar farm. firming marketplace – to develop products Badgingarra’s total output forms a significant such as our firm solar product. This allows part our 1,000MW of renewables by 2020 renewables to be presented as transactional target.” firm contracts to the wholesale energy market and builds liquidity for renewables to function Source: APA Group with the wholesale contract market. “Renewable Energy Hub will drive off-take opportunities for projects and energy cost Renewable Energy Hub service saving options for businesses, through simplifying and standardising corporate PPAs launched transactions and making them available for 1 June more energy users”. TFS Green, Australia’s leading wholesale energy and environmental market brokers, “The future of the renewable energy market today launches its ‘Renewable Energy Hub’ will require firming solutions for intermittent service platform by announcing a major generators to transact advantageously – this transaction with Kiamal Solar Farm and MARS firming marketplace innovates and drives Australia. The transaction, one of the largest liquidity in these new products” said Chris

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Halliwell – Manager of Renewable Energy and extraordinary and ground breaking. Thanks in Environmental Markets at TFS Australia. no small part to Renewable Energy Hub”. The REH platform leverages TFS Green In addition Michael Vawser, Regional Director Australia’s vast network of wholesale market of Total Eren, the independent power and corporate energy users, covering producer behind the Kiamal Solar Farm, hundreds of corporate and energy market stated: participants with over 20 corporates already “This deal between Total Eren and MARS only engaged in detailed PPA discussions and materialised due to the knowledge and intermittent firming market solutions already coverage that the Renewable Energy Hub has being transacted in the wholesale market. in the renewables and corporate market places. To end up with a 20 year PPA covering Source: Renewable Energy Hub 100% of MARS Australia’s electricity use is

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