DOCSLIB.ORG

Windlab Limited (ASX:WND)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Windlab Limited (ASX:WND) Windlab Limited (ASX:WND) Roger Price, Chairman and CEO For personal use only November 2017: Investor Roadshow For further information please contact: [email protected] Disclaimer This document has been prepared solely for the purpose of providing potential investors with information about Windlab Limited (WND, Windlab, or the Company). The information contained in this document does not purport to contain all of the information that a potential investor may need or desire. Potential investors should conduct their own investigation and analysis of WND and of the information contained in this document and should rely solely on their own judgement, review and analysis in deciding whether to invest in WND. This document is not intended to be financial product or investment advice nor is it a recommendation to acquire any securities. This document has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making any investment decision, potential investors are recommended to seek their own legal, taxation and financial advice appropriate to their individual circumstances. This document does not constitute an offer, invitation or recommendation to any person to acquire securities. Neither the information contained in this document nor any further information made available by WND in connection with a potential investment in WND will form the basis of, or be construed as, an offer to acquire securities. This presentation is for information purposes only and is not a prospectus, product disclosure statement, pathfinder document for the purposes of section 734(9) of the Corporations Act 2001 (Cth) (“Corporations Act”) or other offer document under Australian law or the law of any other jurisdiction. This presentation does not constitute an invitation to apply for or purchase securities and does not contain any application form for securities. The information contained in this document has not been independently verified. This document includes certain forward looking statements, estimates and projections that involve subjective views of the anticipated future performance of WND that may or may not be correct. Such forward looking statements, estimates and projections are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of WND. WND and its representatives and associates may amend or replace the document at any time and are not obliged to provide the recipient with any additional information, or to update or correct any inaccuracies which may become apparent in this document. To the maximum extent permitted by law, WND and each of its representatives and associates make no representations or warranties whether express or implied as to the currency, accuracy, reliability or completeness of any information provided to the recipient about WND or any potential investment in WND (including this document and any other written or oral communication about WND or any potential investment in WND) (Information). WND and each of its representatives and associates are not responsible for, and will not be liable for, any claim, loss, damage, cost or expense, whether direct, indirect, consequential or otherwise (including in negligence) out of or in connection with the Information. The distribution of this document outside of Australia may be restricted by law and any such restrictions should be observed. This document may not be distributed or released to any person in the United States. For personal use only WINDLAB LIMITED 2 About Windlab Australian based, international renewable energy development company 9 projects Completed1 WindScapeTM provides distinct, technology based competitive 1093 MW advantage Operate across the whole wind farm development value chain Total 50 projects development Track record of project success, strong growth and profitability pipeline >7,000 MW Growing portfolio of operating interests and asset management Near term revenues development 8 projects pipeline 814 MW (permitted) Capacity under management 350 MW Brisbane FY2017(F) For personal use only $23.2 m / Revenue / EBITDA $14.7 m Note 1: Includes projects which have reached financial close and Global Offices are either under construction or operating. WINDLAB LIMITED 3 What we do Apply science to develop, construct and operate better wind farms internationally WIND FARM PROJECT LIFECYCLE ~3 – 7 Years ~1 – 2 Years 25+ Years Costs: ~A$2 – 5Million/project ~A$2M/MW WIND FARM VALUE CREATION Development Returns Infrastructure Returns 5 to 10X IRRs 8% to 15% For personal use only WINDLAB LIMITED 4 What we do Windlab is an integrated developer, owner and asset manager operating across the full wind farm life cycle WIND FARM PROJECT LIFECYCLE For personal use only WINDLAB LIMITED 5 What we do Apply science to develop, construct and operate better wind farms internationally FINDING THE COONOOER BRIDGE WIND FARM. A DIAGRAMMATICAL REPRESENTATION OF WINDSCAPETM IN ACTION WIND FARM PROJECT LIFECYCLE 3Kms Resolution 1Km Resolution Looking closer! Prospecting Prospecting Prospecting For personal use only 100metre Resolution Land use overlay Virtual Wind Farm WINDLAB LIMITED 6 Revenue model HOW DOES WINDLAB GENERATE REVENUE? DEVELOPMENT MARGIN EXTRACTION: Development margins from the sale or part sale of 1 Development margin projects at or near financial close Target: $250,000 / MW, which typically equates to 8% – 12% of total capex margin Received through a combination of Success fees from previously sold or partnered projects. Development Success fees are typically received on completion of cash and carried interests 2 certain development milestones and / or when a project reaches financial close Windfarm capex Wind turbines, including the cost of transport to the site Asset management fees for wind farm management of 3 Civil works both Windlab developed and third party owned projects future of NPV project Site preparation cash flows atflowscash financial close Concrete foundations for wind turbines Wind Wind farm capex On-site electrical works Equity or other commercial interests in operating 4 projects retained beyond financial close For personal use only WINDLAB LIMITED 7 2017 Achievements SINCE IPO PRIOR TO IPO (IPO in August, raising A$50 million) ✓ Sold project rights on 3 projects ✓ Financial Close of AGL’s Cooper’s Gap Wind Farm – the largest wind farm in South Africa in Australia (453MW). Windlab has received a $10.3 million final milestone success payment ✓ Financial close for Kennedy Energy Park, Phase I ✓ Commenced construction of Development fee of A$5.4 million, which has been applied with part of Kiata Wind Farm in Victoria, the IPO proceeds to maintain Windlab’s 50% equity interest in the project Australia Asset management fee of $600k during construction, and $900k p.a. during commercial operations under a 20 year agreement Construction period of ~12 months (to commence imminently) Entered option agreement for ✓ ✓ Kiata construction complete – connected to grid and commissioning the sale of Greenwich Wind underway. Farm in Ohio, USA ✓ Bolstered Australian development team ✓ Reaffirmed prospectus revenue forecast for CY17 ✓ Entered JV with Globeleq for ✓ Added five early stage projects to Australian portfolio For personal use only development of Mozambique ✓ Identified and in process of securing 21 highly prospective and portfolio commercially competitive sites across South Africa and Sub Saharan Africa WINDLAB LIMITED 8 MARKET OVERVIEW For personal use only Market Overview Wind technology Wind turbine technology has advanced to enable larger turbines, taller hub heights, and bigger generators Source: International Energy Agency, “Technology Roadmap: Wind energy, 2013 edition”. Larger turbines and Taller hub heights Bigger generators For personal use only rotor diameters Wind turbines make up the largest capex component of an onshore wind project. Continued advances in technology are driving increased capacity factors and lower costs WINDLAB LIMITED 10 Market Overview Cost of energy generation The cost of generating electricity from newly installed renewable energy generating capacity is now generally less than that produced by newly constructed traditional thermal alternatives such as coal generation LCOE IN AUSTRALIA Source: Bloomberg New Energy Finance. For personal use only LCOE is a measure of the average cost of producing electricity from a specific generating technology, representing the cost per MWh of building and operating a generating plant in order to provide reasonable return over an assumed financial life. WINDLAB LIMITED 11 Market Overview Australia’s changing energy mix The Australian energy market is projected to continue to transition away from fossil fuel generation towards renewable generation, particularly solar and wind CURRENT MIX IN THE NEM FUTURE SOLUTION CAPACITY BY REGION AGE OF COAL GENERATION CAPACITY Source: Bloomberg New Energy Finance. 9,000MW of coal generation is expected to close over the course of the next 15 years For personal use only Source: AEMO. Data is current at 19 May 2017. WINDLAB LIMITED 12 Market Overview Africa Africa is the most electricity poor region in the world. Rapid population and economic growth is driving demand for electricity, much of which is expected to be met by renewables CURRENT SITUATION FORECAST RENEWABLES CAPACITY SUB SAHARAN AFRICA (EXCLUDING SOUTH AFRICA) SSA (EXCLUDING SOUTH AFRICA) Sub Saharan Africa (SSA) is the most electricity
Load more

Recommended publications
  • Renewable Energy Buyers Forum
    Renewable Energy Buyers Forum - Brisbane - Sponsored by: DLA Piper Thursday 26th July 2018 Chair: Ben Waters Welcome Jackie McKeon, WWF-Australia Business Renewables Centre - Australia Kate Papailiou, DLA Piper Update from DLA Piper Andrew Burnett, Department of Natural Resources, Mining & Renewable Energy in Queensland Energy, Queensland (DNRME) James Eskdale, Mars GloBal Corporate Mars Enters the Solar System Michael Wheelahan, Victorian Government Department of Intelligent Water Networks (IWN) Aggregation Environment, Land, Water and Planning (DELWP) Simon Crock, Sunshine Coast Council Sunshine Coast Council Solar Farm PPA Roger Price, WindLaB Optimising the renewable energy mix in Queensland Mantas Aleks, WePower Innovative purchasing model Ben Waters, Presync Discussion and wrap-up Networking Renewable Energy Buyers Forum Sponsored by: DLA Piper, Brisbane 26th July 2018 Business Renewable Centre - USA Business Renewable Centre - Australia • A not-for-profit, online Australian resource centre and market platform to accelerate Australian corporate uptake of large-scale renewable energy. • To help Australian organisations procure 1GW of renewable energy (installed capacity) by 2022 and 5GW by 2030. Primers & Guides for Industry… Business Renewable Centre - Australia Online Marketplace Platform Current and planned renewable energy projects Renewable Energy Buyers Forum Sponsored by: DLA Piper, Brisbane 26th July 2018 QLD’s 50% Renewable Energy Target WWF Renewable Energy Buyers Forum 26 July 2018 An evolving policy context As the energy
    [Show full text]
  • Renewable Energy Across Queensland's Regions
    Renewable Energy across Queensland’s Regions July 2018 Enlightening environmental markets Green Energy Markets Pty Ltd ABN 92 127 062 864 2 Domville Avenue Hawthorn VIC 3122 Australia T +61 3 9805 0777 F +61 3 9815 1066 [email protected] greenmarkets.com.au Part of the Green Energy Group Green Energy Markets 1 Contents 1 Introduction ........................................................................................................................6 2 Overview of Renewable Energy across Queensland .....................................................8 2.1 Large-scale projects ..................................................................................................................... 9 2.2 Rooftop solar photovoltaics ........................................................................................................ 13 2.3 Batteries-Energy Storage ........................................................................................................... 16 2.4 The renewable energy resource ................................................................................................. 18 2.5 Transmission .............................................................................................................................. 26 3 The renewable energy supply chain ............................................................................. 31 3.1 Construction activity .................................................................................................................... 31 3.2 Equipment manufacture
    [Show full text]
  • Clean Energy Australia
    CLEAN ENERGY AUSTRALIA REPORT 2016 Image: Hornsdale Wind Farm, South Australia Cover image: Nyngan Solar Farm, New South Wales CONTENTS 05 Introduction 06 Executive summary 07 About us 08 2016 snapshot 12 Industry gears up to meet the RET 14 Jobs and investment in renewable energy by state 18 Industry outlook 2017 – 2020 24 Employment 26 Investment 28 Electricity prices 30 Energy security 32 Energy storage 34 Technology profiles 34 Bioenergy 36 Hydro 38 Marine 40 Solar: household and commercial systems up to 100 kW 46 Solar: medium-scale systems between 100 kW and 5 MW 48 Solar: large-scale systems larger than 5 MW 52 Solar water heating 54 Wind power 58 Appendices It’s boom time for large-scale renewable energy. Image: Greenough River Solar Farm, Western Australia INTRODUCTION Kane Thornton Chief Executive, Clean Energy Council It’s boom time for large-scale of generating their own renewable renewable energy. With only a few energy to manage electricity prices that years remaining to meet the large-scale continue to rise following a decade of part of the Renewable Energy Target energy and climate policy uncertainty. (RET), 2017 is set to be the biggest year The business case is helped by for the industry since the iconic Snowy Bloomberg New Energy Finance Hydro Scheme was finished more than analysis which confirms renewable half a century ago. energy is now the cheapest type of While only a handful of large-scale new power generation that can be renewable energy projects were built in Australia, undercutting the completed in 2016, project planning skyrocketing price of gas and well below and deal-making continued in earnest new coal – and that’s if it is possible to throughout the year.
    [Show full text]
  • Fully Charged: Renewables and Storage Powering Australia
    FULLY CHARGED: RENEWABLES AND STORAGE POWERING AUSTRALIA CLIMATECOUNCIL.ORG.AU Thank you for supporting the Climate Council. The Climate Council is an independent, crowd-funded organisation providing quality information on climate change to the Australian public. We would like to thank the Australian Communities Foundation for their support in producing this report. Published by the Climate Council of Australia Limited ISBN: 978-1-925573-43-5 (print) 978-1-925573-42-8 (web) © Climate Council of Australia Ltd 2018 Andrew Stock This work is copyright the Climate Council of Australia Ltd. All material Climate Councillor contained in this work is copyright the Climate Council of Australia Ltd except where a third party source is indicated. Climate Council of Australia Ltd copyright material is licensed under the Creative Commons Attribution 3.0 Australia License. To view a copy of this license visit http://creativecommons.org.au. You are free to copy, communicate and adapt the Climate Council of Australia Greg Bourne Ltd copyright material so long as you attribute the Climate Council of Australia Ltd and the authors in the following manner: Climate Councillor Fully Charged: Renewables and Storage Powering Australia. Authors: Andrew Stock, Greg Bourne, Louis Brailsford and Petra Stock. We would like to thank Dr Matt Stocks (ANU), Andrew Blakers (ANU) and Tim Buckley (IEEFA) for their thorough reviews. Louis Brailsford — Researcher Cover image credits: “Gemasolar solar thermal power plant, Spain” by Flickr user Beyond Coal and Gas Image Library licensed under CC BY-NC 2.0 and “Hornsdale 20161212_30cs” by Flickr user David Clarke licensed under CC BY-NC-ND 2.0.
    [Show full text]
  • Solar Is Driving a Global Shift in Electricity Markets
    SOLAR IS DRIVING A GLOBAL SHIFT IN ELECTRICITY MARKETS Rapid Cost Deflation and Broad Gains in Scale May 2018 Tim Buckley, Director of Energy Finance Studies, Australasia ([email protected]) and Kashish Shah, Research Associate ([email protected]) Table of Contents Executive Summary ......................................................................................................... 2 1. World’s Largest Operational Utility-Scale Solar Projects ........................................... 4 1.1 World’s Largest Utility-Scale Solar Projects Under Construction ............................ 8 1.2 India’s Largest Utility-Scale Solar Projects Under Development .......................... 13 2. World’s Largest Concentrated Solar Power Projects ............................................... 18 3. Floating Solar Projects ................................................................................................ 23 4. Rooftop Solar Projects ................................................................................................ 27 5. Solar PV With Storage ................................................................................................. 31 6. Corporate PPAs .......................................................................................................... 39 7. Top Renewable Energy Utilities ................................................................................. 44 8. Top Solar Module Manufacturers .............................................................................. 49 Conclusion .....................................................................................................................
    [Show full text]
  • Clean Energy Australia Report 2021
    CLEAN ENERGY AUSTRALIA REPORT 2021 AUSTRALIA CLEAN ENERGY CLEAN ENERGY AUSTRALIA REPORT 2021 CONTENTS 4 Introduction 6 2020 snapshot 12 Jobs and investment in renewable energy by state 16 Industry outlook: small-scale renewable energy 20 Industry outlook: large-scale renewable energy 22 Federal politics 24 State policies 26 Australian Capital Territory 28 New South Wales 30 Northern Territory 32 Queensland 34 South Australia 36 Tasmania 38 Victoria 40 Western Australia 42 Employment 46 Renewables for business 50 International update 52 Electricity prices 54 Transmission 56 Energy reliability 58 Technology profiles 60 Battery storage 64 Bioenergy 66 Hydro and pumped hydro 68 Hydrogen 70 Solar: Small-scale systems up to 100 kW 78 Solar: Medium-scale systems between 100 kW and 5 MW 80 Solar: Large-scale systems larger than 5 MW 84 Wind Cover image: Wind turbine blade installation, Collector Wind Farm, New South Wales INTRODUCTION Kane Thornton Chief Executive, Clean Energy Council Australia’s clean energy came from clean energy sources, territories’ progressive energy policies transition accelerated with wind and rooftop solar leading only served to highlight the ongoing again in 2020 as wind the way. This represents a massive failures at the federal level, where transformation that makes Australia’s arguments about government support and rooftop solar set new electricity system cheaper, more for gas and coal overshadowed some records, battery storage reliable and, most importantly, cleaner. genuinely positive developments. came of age, and the But the best news is that the shift is These included the continued showing no sign of slowing down. hydrogen sector continued growth of clean energy jobs, with the its rapid development.
    [Show full text]
  • Wind Map of Australia 2021
    LEGEND Place name 88 Under construction 88 Project 88 Operating Asset Main owner opened, Year expected completion Capacity (MW) Asset Main owner opened, Year expected completion Capacity (MW) WESTERN AUSTRALIA NEW SOUTH WALES 5km wind map Mean wind speed at 80m 1 Collgar REST 2011 206 107 Sapphire Partners Group 2018 270 108 Silverton Powering Australian 2020 200 11 21 32km/h 2 Badgingarra APA Group 2019 130 Renewables 3 Walkaway 1 Infigen Energy 2006 89 109 White Rock Wind Farm Stage 1 CECWPC 2018 175 4 Emu Downs Wind APA Group 2006 80 110 Gullen Range Beijing Jingneng Clean 2014 166 DARWIN 5 Mumbida Infrastructure Capital Group 2013 55 Energy Australia 6 Albany Bright Energy 2001 21 111 Capital Infigen Energy 2009 141 7 Agnew Mine Hybrid EDL 2020 18 112 Crudine Ridge Partners Group 2020 135 Wind Map of 3 6 9m /s 8 Grasmere Bright Energy 2012 14 113 Bodangora Infigen Energy 2019 113 9 Karakin Wind Farm Blair Fox 2013 5 114 Boco Rock EGCO 2014 113 10 West Hills Wind Farm Blair Fox 2012 5 115 Taralga Pacific Hydro 2015 107 11 Nine Mile Synergy 2003 4 116 Crookwell 2 Naturgy 2018 91 12 Port Gregory Advanced Energy Resources 2019 3 117 Woodlawn Infigen Energy 2011 48 13 Mt Barker Mt Barker Power 2011 2 118 Gunning Wind Acciona 2011 47 Australia 2021 14 Ten Mile Lagoon Synergy 1993 2 119 Cullerin Range Energy Developments 2009 30 15 Denmark Community Denmark Community 2010 2 120 Blayney Tilt Renewables 2001 10 The Wind Map of Australia 2021 shows approximate locations of wind projects bigger than 1MW operating, under construction or in the planning 16 Kalbarri Synergy 2008 2 121 Crookwell Tilt Renewables 1998 5 process as of December 2020.
    [Show full text]
  • Latest News Kelsey Creek Solar Farm in the Local Newspaper Whitsunday Guardian
    KCSF l(l:l..81:Y CAEIE.K tlCl..A.A J'"A.RM ~ Image Refere nce: BayWa r.e. Solar Projects GmbH; Sola r Farm Project Example, SOMW ..!:... ..... """"' .. """' ...... ~ ~ Click here to read the full article (http://www.whitsundaycoastguardian comau/news/prossie-powers-up-solar-farm-is-a-win-win-project/3027583/) Latest News Kelsey Creek Solar Farm in the local newspaper Whitsunday Guardian: WELCOME TO KELSEY CREEK SOLAR FARM Kelsey Creek Solar Farm is a project initiated by local land owners and busin esses fr om wit hin the l oca l comm unity . The project Consortium (KCSFC) envisages to bring a large-scale renewable energy generator io the Whitsunday region . Kelsey Creek Solar Farm - up io dare the largest solar farm in Queensland and the third largest in Australia. Community support and local sourcing are the cornerstones for Kelsey Creek Solar Farm. Benefn s created for the Whitsunday region will be employment opportunities, local investment, and nationwide promotion as a sustainable region supplied by renewable energy Major project development tasks are undertaken by specialist companies from within the Whitsunday region. The plant design and Engineering know-how is provided by an Australian engineering consultancy specialising in solar photovoltaic systems. Global best-practice in Construction & Operat ion will come from international project partners who have a wealth of experience in the deployment of large-scale solar PV around the world. Copyri ght © Kelsey Creek Solar Farm 2016 I All Rights Reserveo Website designed by Lightbox
    [Show full text]
  • Clean Energy Australia 2019
    CLEAN ENERGY AUSTRALIA CLEAN ENERGY AUSTRALIA REPORT 2019 AUSTRALIA CLEAN ENERGY REPORT 2019 We put more energy into your future At Equip, we’re fairly and squarely focused on generating the best possible returns to power the financial future of our members. With more than 85 years in the business of reliably delivering superannuation to employees in the energy sector, it makes sense to nominate Equip as the default fund for your workplace. Equip Super fair and square Call Tyson Adams Ph: 03 9248 5940 Mob: 0488 988 256 or email: [email protected] This is general information only. It does not take into account your personal objectives, financial situation or needs and should therefore not be taken as personal advice.Equipsuper Pty Ltd ABN 64 006 964 049, AFSL 246383 is the Trustee of the Equipsuper Superannuation Fund ABN 33 813 823 017. Before making a decision to invest in the Equipsuper Superannuation Fund, you should read the appropriate Equip Product Disclosure Statement (PDS). Past performance is not a reliable indicator of future performance. Equipsuper Financial Planning Pty Ltd (ABN 84 124 491 078, AFSL 455010) is licensed to provide financial planning services to retail and wholesale clients. Equipsuper Financial Planning Pty Ltd is owned on behalf of Equipsuper Pty Ltd. CONTENTS 4 Introduction 6 2018 snapshot 12 Jobs and investment in renewable energy by state 15 Project tracker 16 Policy void risks momentum built by Renewable Energy Target 18 Industry outlook: small-scale renewable energy 19 Industry outlook: large-scale
    [Show full text]
  • Review of the National Wind Farm Commissioner Final Report
    h REVIEW OF THE NATIONAL WIND FARM COMMISSIONER FINAL REPORT MAY 2018 2 Published by the Climate Change Authority www.climatechangeauthority.gov.au © Commonwealth of Australia 2018 This work is licensed under the Creative Commons Attribution 3.0 Australia Licence. To view a copy of this license, visit http://creativecommons.org/licenses/by/3.0/au The Climate Change Authority asserts the right to be recognised as author of the original material in the following manner: © Commonwealth of Australia (Climate Change Authority) 2018. IMPORTANT NOTICE – PLEASE READ This document is produced for general information only and does not represent a statement of the policy of the Commonwealth of Australia. The Commonwealth of Australia and all persons acting for the Commonwealth preparing this report accept no liability for the accuracy of or inferences from the material contained in this publication, or for any action as a result of any person’s or group’s interpretations, deductions, conclusions or actions in relying on this material. FINAL REPORT - REVIEW OF THE NATIONAL WIND FARM COMMISSIONER 3 ACKNOWLEDGEMENTS The Climate Change Authority would like to thank the many individuals and organisations that contributed time and expertise to this review by making submissions or participating in consultations. These contributions have improved the quality of the review and provided evidence to help inform the Authority’s recommendations. The National Wind Farm Commissioner, the Department of the Environment and Energy and the Clean Energy Regulator also provided information to assist the Authority in its preparation of this review. However, the views in this report are the Authority’s own.
    [Show full text]
  • Crystal Brook Energy Park Engagement and Consultation with All Stakeholders and Local Residents
    Project Update Week ending 9 August 2019 SIMEC Energy Australia’s Playford Utility Battery gains Development Approval 1 August SIMEC Energy Australia, a member of Sanjeev continuing to enhance retail electricity Gupta’s global GFG Alliance, today welcomed competition within South Australia.” Development Approval for the 100MW Playford Utility Battery which will be built just The Playford Battery has a nominal capacity of outside of Port Augusta (~ 320km north of 100MW/100MWh, placing it at an equal Adelaide in South Australia). power output to the Neoen/Tesla Hornsdale Power Reserve battery outside of Jamestown Following the submission of a comprehensive in the north of South Australia. The battery Development Application, and subsequent also has the capacity to provide a peak review by the South Australian Government, response of 135MW when demand is at its the South Australian Minister for Planning, highest. Once energised, the Playford Battery the Hon Stephan Knoll MP, has now signed off will complement the output of our Cultana on the SIMEC Energy Australia Application to Solar Farm and provide several innovative build one of the largest batteries in the world. services to the grid which include: - Market arbitrage: Charging the battery at SIMEC Energy Australia CEO, Mr Marc times of high energy output from renewable Barrington, welcomed news of this important sources in the region, including the nearby next step for the project: “Securing Cultana Solar Farm, and discharging that Development Approval is another important energy into the grid at peak times. milestone in SIMEC Energy Australia’s work to - Frequency Control Ancillary Services (FCAS): invest US$1Billion to deliver 1GW of vital Providing frequency support to the grid to dispatchable renewable energy to the support system security.
    [Show full text]
  • The Renewable Energy Target 2018 Administrative Report
    THE ACCELERATION IN RENEWABLES INVESTMENT IN 2018 THE ACCELERATION IN RENEWABLES INVESTMENT IN 2018 ENCOURAGING RENEWABLE ENERGY IN AUSTRALIA Contact details Published by the Clean Energy Regulator ISSN 2200–0047 © Commonwealth of Australia 2019 This work is licensed under the Creative Commons Attribution 3.0 Australia Licence. To view a copy of this licence, see http://creativecommons.org/licenses/by/3.0/au. The Clean Energy Regulator asserts the right to be recognised as author of the original material in the following manner. © Commonwealth of Australia (Clean Energy Regulator) 2019 Acknowledgements This report reflects the efforts of many people. Special thanks to the staff of the Clean Energy Regulator and the external contributors as well as the following professional service providers: • Cinden Lester Communications, writing and editing support • Libraries Alive, indexing • Giraffe Visual Communication Management, graphic design, and • CanPrint Communications, printing. This report has been prepared in accordance with the requirements of section 105 of the Renewable Energy (Electricity) Act 2000. The data is accurate as at 18 February 2019. For up-to-date figures, please refer to the Clean Energy Regulator website. Statements made by third parties in the report do not necessarily reflect the views and opinions of the Clean Energy Regulator. Contact General enquiries: Enquiries about this report: Mail GPO Box 621 Communications Canberra ACT 2601 and Contact Centre Corporate Branch Phone 1300 553 542 if calling within Australia Clean Energy Regulator +61 2 6159 3100 if calling from overseas Phone: 02 6159 3100 13 14 50 translating and interpreting services 133 677 TTY service 1300 555 727 speak and listen service Email [email protected] Website www.cleanenergyregulator.gov.au Photo acknowledgments Unless otherwise specified, all photos by Chris Oaten and the Clean Energy Regulator.
    [Show full text]