Moorabool Wind Farm Review Each Technical Standard
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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' Snowy Hydro is seeking expressions of interest for the supply of long term offtake Source: Snowy Hydro arrangements from renewable energy sources. Through Snowy Hydro’s retail businesses, Red Energy and Lumo Energy, 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 wind farm together in the suppliers of renewable energy in Australia. 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 Sapphire Wind Farm 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 Power Station. sufficient information to shortlist proponents to the next stage of this tender process. The portfolio, which will be known as Grassroots Renewable Energy Platform Page 1 (Click on relevant project links to go to online Project Database) ("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 Inverell 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. Meridian Energy 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 Powershop, 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 Wales. Sapphire Wind Taiwanese solar power development platform Farm, which is due to be completed by and the 240MW Ararat Wind Farm 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 New South Wales. 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 Page 3 (Click on relevant project links to go to online Project Database) 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.