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Project Update Week Ending 1 May 2020

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Project Update Week Ending 1 May 2020 Project Update Week ending 1 May 2020 Allens advises Iberdrola on first Australian renewables acquisition 27 April Allens has advised global energy giant PROJECT NEWS Iberdrola on its acquisition of the Port Augusta Renewable Energy Park Stage 1 Victorian Big Battery hybrid wind and solar project. Neoen Australia submitted a referral for its proposed Victorian Big Battery project in The 320MW project will be the first venture in Moorabool to the federal government for Australia for Iberdrola, one of the world's public comment. The construction of the largest electricity utilities and the number one battery project will entail the following producer of wind energy in the world. proposed activities: Iberdrola has around 53GW of installed • Installation of up to 600MW of batteries in generation capacity in Europe, the US and either cabinets or shipping containers; South America, around 32GW of which is • Installation of switchrooms and a small renewable. operations and maintenance facility within the BESS footprint; Expected to generate around 900 gigawatt- • Installation of ancillary equipment including hours of electricity a year - enough to power electrical inverters, transformers, around 180,000 homes - it forms part of underground cabling, benching and earthing; Iberdrola's Australian investment strategy. • Installation of new power transformers and the extension of an existing busbar at the 'We are delighted to have worked with existing Moorabool Terminal Station (MTS); Iberdrola on its first investment in the • Installation of appropriate firebreaks as Australian renewables sector, and look required by the Country Fire Authority (CFA); forward to continuing to assist in the • Installation of security fencing and lighting; development phase of this important project,' • Landscaping works; said lead Partner Kate Axup. • Earthworks and drainage; • Provision of up to two car parking spaces 'It is great to see the Australian renewables and internal access roads; market continue to attract foreign investors of • Potential installation of a sound wall if the calibre of Iberdrola.' required to meet EPA requirements; and • Installation of a temporary secondary Source: Allens entrance for construction. Page 1 (Click on relevant project links to go to online Project Database) Windlab Limited – Kennedy Stimulus summit: a Energy Park update renewables-led economic 27 April recovery Windlab Limited (ASX:WND) (‘Windlab’ or the Starts: 11:00am Wednesday, 6 May 2020 ‘Company’) provides the following update on Ends: 4:00pm Wednesday, 6 May 2020 the status of Kennedy Energy Park. Location: Online Event Contractor Dispute The stimulus summit will be a major online Kennedy Energy Park Pty Ltd (“Kennedy”) has event bringing together leaders in business, agreed with its EPC Contractor to extend the civil society, policy makers and academia to stand-still agreement regarding the previous provide a significant contribution to public adjudication determination and the ongoing debate on government stimulus packages and contractual dispute until the earlier of 29 May climate change action. 2020 and the conclusion and execution of a settlement deed by the parties resolving all of Throughout the half-day program, industry the disputed claims. leaders will explore critical economic approaches; unpack the government stimulus For the extended stand-still period, the packages - current and planned; for smart parties have agreed to stay payments and not energy and renewables recovery; and climate commence or prosecute any claims or change action. Attendees can expect to hear disputes under the contract nor challenge the from more than a dozen keynote speakers adjudication determination, subject to certain including influential Australians, CEOs of conditions. During this stand-still period the leading Australian businesses and renewables parties will in good faith seek an overall firms, and community and social change commercial resolution of all disputed claims leaders. The event will be free to attend and and provide KEP with certainty concerning the we expect around 1000 registrants. outstanding network system registration and commercial operation of the project. Who should attend? Anyone interested in Australia’s economic Offtake & Financing future and how: we rebuild Australia’s Kennedy has agreed with the project’s economy post COVID-19 we decarbonise the customer, CS Energy, to extend the sunset Australian economy we implement date of the Renewable Energy and Green appropriate stimuli for renewables Benefits Agreement to 31 December 2020. For example: policy makers; financiers and Registration and Operations economists; business leaders and local Kennedy and the EPC Contractor continue to government; small, medium and large-scale work diligently with AEMO and Ergon to renewable energy decision makers, people complete the project’s registration as a concerned about climate change. generator, particularly in relation to modelling to demonstrate compliance with the project’s More information and registration available generator performance standards(GPS). Once here registered Kennedy will immediately https://www.smartenergy.org.au/events/stim commence testing and progress towards ulus-summit-renewablesled-economic- commercial operation. recovery Source: Windlab Page 2 (Click on relevant project links to go to online Project Database) NEW PROJECTS construction period there is estimated to be South Tamworth Solar Farm up to 30 personnel on site for up to 6 months. Contact: Henry Sun Location: Country Rd, Westdale, NSW Chief Executive Officer Capacity: 5 MW Providence Asset Group Developer: Providence Asset Group Tel: (02) 9264 9889 LGA: Tamworth Regional Council Email: [email protected] Status: Project on public exhibition Estimated Cost: ~$7mil Description: The South Tamworth Solar Farm project includes a no larger than 5MW grid- AER approves investment in connected solar PV installation. Once QNI expansion project established, the solar farm will be connected 28 April to the adjacent 11 kV powerline originating Supporting New South Wales businesses and from the Essential Energy South Tamworth households to avoid energy bill increases due Zone Substation. It is proposed to connect to the closure of Liddell is one of the reasons into the electrical transmission grid via the the Australian Energy Regulator (AER) has existing transmission lines which run along approved the final element of the Queensland the northern boundary of the site. The – New South Wales Interconnector (QNI) proposed development aims to erect regulatory process. approximately 14,196 solar PV panels producing 425W. Other electrical generation The AER has determined that TransGrid can infrastructure is proposed on the site recover the efficient costs of upgrading the including a skid-mounted MV Power Station QNI from customers. consisting of inverters, transformer and switchgear. The PV arrangement will consist The AER estimates TransGrid will incur $218 of 204 ground mounted single axis trackers. million in capital costs to deliver the project. Guyra Solar Farm AER Chair Clare Savage said, “Consumers will Location: 175 Glen Ross Road Guyra, NSW get value for money from this investment, Capacity: 5 MW including wholesale market cost savings.” Developer: Providence Asset Group LGA: Armidale Regional Council The AER’s decision allows TransGrid to Status: Under assessment by Northern recover an additional $28.2 million from Regional Planning Panel customers over 2021-22 and 2022-23 to Estimated Cost: ~$7mil account for the costs of delivering this project. Description: The solar PV farm project at This is slightly lower than the $30.3 million Guyra includes a no larger than 5MW grid- proposed by TransGrid, due to the AER’s connected solar PV installation. Once assessment of the cost of overheads for the established, the solar farm will be connected project. to the Essential Energy grid at Guyra Substation. The proposed development aims This will increase annual transmission charges to erect an estimated 14,280 solar PV panels by 1.7 per cent per year in 2021-22 and 2022- producing 420W. Other electrical generation 23. This is an indicative increase of $2 per year infrastructure is proposed on the site in residential electricity bills in New South including 2 x 2.5MW inverter system Wales. supported by a Medium Voltage Power Station transformer and switch gear. The PV The AER has fast tracked its consideration to arrangement will consist of 170 ground support the timely completion of this mounted single axis trackers. During the significant project. Early works on the project have already commenced, with delivery and Page 3 (Click on relevant project links to go to online Project Database) completion of inter-network testing expected TransGrid Chief Executive Officer Paul Italiano by June 2022. welcomed the Australian Energy Regulator’s approval of the Contingent Project Application Ms Savage said the timely completion of (CPA) for QNI which will commence on-site regulatory processes is a significant factor in construction next month. the success of major infrastructure projects. “The QNI project has been fast tracked with “Our job is to assess projects and make sure the support of the Federal and NSW they represent the long term interests of Governments which provided a joint consumers. It is also important that we do so agreement to facilitate the upgrade,” said Mr in a thorough and efficient manner. Italiano. “We made our determination on the “While early works have been
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