Project Update Week ending 13 November 2020

Strandline appoints Contract Power as preferred contractor to build Coburn’s power fuelled generation with state-of-the-art solar facilities and battery storage technology.

4 November The proposed power solution enables HIGHLIGHTS Strandline to capture energy supply cost • Strandline appoints Contract Power as savings relative to the Definitive Feasibility preferred contractor to build, own and Study (DFS) published in June 2020. operate a 32MW hybrid gas and renewable energy solution for the Coburn mineral sands Contract Power, a wholly-owned subsidiary of project in WA Pacific Energy Ltd, specialises in turn-key • The proposed power solution enables design, installation and operation of energy Strandline to capture energy supply cost assets and has a strong track record of savings relative to the Definitive Feasibility delivery in the mining sector of WA. Study (DFS) published in June 2020

• Innovative low-cost, low-emission solution Coburn’s power station will be located near integrating gas-fuelled power generation with the mineral separation plant (MSP). The solar renewable energy and battery storage power station is designed suitable for a technology maximum demand capacity of 16 MW and • The parties have now commenced average consumed power of ~10 MW. preparation of final contract documentation to the satisfaction of Strandline and Coburn’s Natural gas will be supplied by others under lender group an industry standard long-term LNG supply • The scope represents a major development agreement and trucked to an on-site storage package and is one of Strandline’s conditions and re-vapourisation facility supplied by precedent to finalise project funding Contract Power. The LNG then feeds a set of

efficient engine generators on an N+1 basis Strandline Resources (ASX: STA) is pleased to and has ~30% solar (renewable) penetration announce that it has taken another important for the major stable loads. step towards development of its Coburn mineral sands project in Western Australia by Generation is at 11kV with step up to 22kV for appointing Contract Power Australia (Contract power transmission to the project loads Power) as preferred contractor to build, own across the mine site. and operate (BOO) the power generation facilities for the project. As preferred contractor, the parties will now

compile final contract documentation to the Coburn’s purpose-designed power satisfaction of Strandline and Coburn’s infrastructure is based on low-cost, low- lenders. The contract is based on a 15-year emission solution integrating natural gas BOO (and maintain) commercial model with

Page 1 (Click on relevant project links to go to online Project Database) fixed and variable payment regime for power NEW PROJECT consumed over the term. Bass Offshore Wind Energy

This appointment follows Strandline’s recent Project A$18.5 million equity raising to advance early Location: Off the north coast of Tasmania works development activities while finalising Capacity: 360 MW in stage 1 with total the balance of project funding. Strandline capacity exceeding 2 GW over multiple stages continues to make strong progress towards Developer: Brookvale Energy definitive finance documentation and Status: Preliminary studies undertaken conditions precedent for the NAIF A$150 Expected cost: $1,200 mil for stage 1 million loan facility1 and is advancing Description: Development of an offshore wind discussions to secure a commercial debt farm with a transmission connection via tranche expected to stand alongside the NAIF Burnie Port and ultimately within the corridor funding. of the proposed Marinus cable. No significant infrastructure upgrades required to support Strandline Managing Director Luke Graham the first phase of the project. The delivery of said the appointment marked another key Marinus Link would be required to support step in its strategy to bring Coburn into the complete project capacity (and the project production and establishes an important could be a driver to support government relationship with Contract Power, a leader in investment in Marinus Link). Hybrid battery sustainable clean energy generation in options are being investigated both in Western Australia. Tasmania and in Victoria that will provide the project greater operational and trading 1 The Northern Australia Infrastructure flexibility with ability to meet client needs (i.e. Facility (NAIF) made an investment decision to firming for corporate PPA). Hydrogen market provide a A$150m loan facility for the opportunities will also be investigated. development of Coburn, subject to finalisation Contact: Glen Kierse of finance documents and satisfaction of CEO customary conditions precedent to first Brookvale Energy drawdown - refer ASX announcement 22 June Email: [email protected] 2020

Source: Strandline Resources Coppabella Wind Farm signs

PROJECT NEWS commercial agreement with Hepburn Solar Farm Transgrid Hepburn Community Wind Park Co-operative 9 November is seeking planning approvals for a hybrid Goldwind Australia and TransGrid have signed renewable energy facility (wind, solar and a commercial agreement for the connection battery) to be named the ‘Hepburn Energy and construction of connection assets for Park’. The new 7.44 MW DC solar farm and a Coppabella Wind Farm located in the 10MWh battery storage facility will be co- Southern Tablelands of New South Wales, located with the two existing turbines of 4.1 approximately 30 kilometres west of Yass. MW total capacity ‘Gale and Gusto’ at the Leonards Hill site. In November 2018 Hepburn Tom Nielsen, the Development Manager for Wind received a $500,000 grant from the Coppabella Wind Farm said the agreement State Governments’ Community Renewables was a significant step in finalising the Program. Since then a number of detailed development of the wind farm. technical assessments have been completed for the project.

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“We are pleased to once again work with our PROJECT NEWS long-term partner TransGrid to construct the Three projects gain AEMO connection assets and to operate and maintain the connection for Coppabella Wind registration Farm.” Sunraysia Solar Farm Maoneng is proud to announce the “TransGrid has a strong track record with registration of Sunraysia Solar Farm will be Goldwind, having successfully delivered effective on 10 November 2020. Sunraysia connection works on Gullen Range Wind Solar Farm features more than 750,000 solar Farm, Gullen Solar Farm, White Rock Wind modules and will generate 255MWDC of Farm and White Rock Solar Farm,” said Mr electricity. The solar farm is connected to Nielsen. TransGrid 220KV Substation, located in southern NSW. The project is expected to employ approximately 150 staff during the Molong Solar Farm construction phase, and up to 15 permanent TransGrid congratulates AMP Energy Australia ongoing maintenance employees once on the registration of Molong Solar Farm, operational. Coppabella Wind Farm is effective as of 10 November 2020. The solar approved for up to 75 wind turbines that will farm has an installed capacity of 30MW and produce approximately 900GWh per year of connects to the network at the 66kV bus of renewable energy to power more than TransGrid’s Molong Substation. Once 150,000 New South Wales homes. completed, Molong Solar Farm will produce enough solar energy to displace carbon Source: Goldwind Australia dioxide emissions equivalent to 10,500 cars a year.

PROJECT NEWS Collector Wind Farm Port Augusta Renewable TransGrid congratulates RATCH-Australia Corporation Pty Ltd on the registration of the Energy Park Collector Wind Farm, effective as of 10 Various contractor opportunities are available November 2020. This Wind Farm has an and can be accessed on the Port Augusta installed capacity of 226.8MW and connects Renewable Energy Park website at to the network via a 330kV transmission line https://parep.com.au/. The combined wind located between Marulan Substation and Yass and solar photovoltaic (PV) hybrid project is Substation. The plant is located around 55km located approximately 8 km south-east of Port north of Canberra. Collector Wind Farm is Augusta in South Australia, and is 100% expected to generate around 530GWh of safe, owned by Iberdrola Renewables Australia clean, reliable electricity a year, enough to (Iberdrola) with support from DP Energy who power more than 70,000 Australian homes, is the original developer of the site. making it one of the biggest wind farms in NSW to date. It will comprise of 50 wind turbines and 250,000 solar modules together with associated infrastructure, to produce a total installed capacity of almost 320 megawatts (MW) of clean renewable energy. A new 275kV substation and export cable will connect the project into the South Australian transmission network via Davenport substation.

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NEW PROJECT Cliff Head Oil Field is owned and operated Morgan Solar Farm by Triangle (78.75%). Royal Energy (21.25%) is to be acquired by Pilot, subject to Pilot Location: Morgan, Riverland region in South shareholder approval Australia Triangle to pay Pilot $300,000 (on Capacity: 150 MW stage 1 completion) and carry Pilot through Developer: completion of the WA-481-P Permit 3 Year LGA: Mid-Murray Council work program Status: Development application submitted to Triangle and Pilot agree to form the Cliff state government Head Wind & Solar Project Joint Venture with Description: First stage of approximately 300 Pilot 80% owner and operator and Triangle MW AC project to be built in two stages on 20% site of approximately 947ha in area (over two Pilot to carry Triangle on cost of Cliff Head parcels) 6km north east of Morgan. Origin is Wind & Solar Project feasibility study seeking planning consent for Stage 1 of this Joint Venture to assess feasibility of project which represents up to 150 MW (120 development of large-scale wind and solar MWac) and associated up to 30 MW battery. project centered around the Cliff Head Oil Stage 1 will connect to the grid via the existing Field infrastructure ElectraNet 132/66kV North West Bend Triangle confirmed as the dominant substation which is located within the site. operator in the offshore Perth Basin for Oil Since the original investigations, Origin has and Gas. become aware of the possibility for Stage 2 to connect via the proposed SA-NSW Experienced Perth Basin oil producer Triangle interconnector (Energy Connect). Origin will Energy (Global) Limited (Triangle/ the seek OTR certification and planning approval Company) (ASX: TEG) is pleased to advise it for Stage 2 separately, when the technical has entered into an agreement with Pilot requirements are clearer. The peak Energy (Pilot) to acquire a 78.75% interest in construction phase for Stage 1 is likely to offshore Perth Basin exploration permit WA- involved approximately 200-300 people over 481-P covering 8,605km2. WA-481-P is 2 years. located immediately adjacent to, and Contact: Michael Craig contiguous with, the Triangle owned and Transmission Manager operated offshore Cliff Head Oil Field. Origin Energy

Email: [email protected] Pilot is currently the 60% owner and operator of offshore Exploration Permit WA-481-P and has entered into definitive agreements to Triangle Energy agrees to enter acquire the remaining 40% interest from Key Petroleum Limited (ASX:KEY), subject to Pilot wind & solar project joint shareholder approval. venture Upon completion of the acquisition of Key's 9 November 40% interest, Pilot will hold a 100% interest in (Edited) WA-481-P. Triangle has entered into a binding Highlights agreement with Pilot to acquire a 78.75% Triangle to acquire a 78.75% interest in and interest in, and operatorship of, WA-481-P, operatorship of offshore Perth Basin with Pilot retaining a 21.25% non-operated exploration permit WA-481-P from Pilot working interest in the permit. This Energy transaction is conditional on Pilot acquiring Acquisition aligns WA-481-P exploration Key's 40% interest in WA-481-P and Pilot and permit ownership with the producing Cliff Triangle agreeing (i) a revised joint operating Head Oil Field agreement in respect of WA-481-P; (ii) a joint

Page 4 (Click on relevant project links to go to online Project Database) operating agreement in respect of the Cliff a joint operating agreement and the WA-481- Head Wind & Solar Project Joint Venture; and P transaction completing). (iii) access agreements in respect of the Cliff Head and Arrowsmith infrastructure and The Wind & Solar JV will assess the feasibility operations on the area of WA-481-P. The of the development of an offshore wind and transfer of WA-481-P is subject to standard onshore wind and solar power project centred regulatory approvals. around the Cliff Head Offshore Oil Field production facilities, Cliff Head Alpha and the The cut-off date to agree these documents onshore Arrowsmith Separation and and for the WA-481-P transaction to complete Processing Facilities, encompassing: is 15 March 2021 (or as otherwise agreed). taking advantage of well-recognised, world- class wind and solar resources of Western Triangle Managing Director Rob Towner said Australia’s Mid West Region; the deal with Pilot created opportunities for multi-tasking the existing Cliff Head Oil Field Triangle to leverage its Perth Basin operations offshore and onshore facilities to improve and infrastructure to unlock further value in their utilisation and extend their life; the under-explored Perth Basin. Triangle and Pilot negotiating an access and coordination agreement to establish the basis “As an experienced and successful oil for providing accessing to the existing Cliff producer and owner of the existing Head Alpha Platform, the offshore/onshore infrastructure and processing facilities pipeline right-of- way from the platform and associated with Cliff Head, becoming majority to the onshore Arrowsmith Separation and owner and operator of WA-481-P confirms Processing Facilities; and that Triangle will play a major role in Pilot carrying Triangle’s costs in conducting unlocking the potential of the Offshore Perth the feasibility study for the development of Basin.” the wind and solar power project.

“In addition, we are well aware of what is Source: Triangle Energy happening in the energy world with many major players investing in the transition from conventional energy to renewables. These agreements with Pilot will facilitate Triangle’s Energy superpower plan to first foray into assessing the feasibility of a renewables project that would also utilise turbocharge Renewable Triangle’s existing offshore (Cliff Head Energy Zones and pumped platform and pipeline route) and onshore (Arrowsmith) infrastructure. This hydro infrastructure is likely to be critical to a 9 November successful offshore wind and onshore solar More than 9,000 jobs and $32 billion of project, and would be a pioneering project in private investment is expected to roll into the Western Australia for a company of Triangle’s regions by 2030, under the NSW size." Government’s Electricity Infrastructure Roadmap, released today. Cliff Head Wind and Solar Project Joint Venture The Roadmap lays out the Government’s 20 In addition to and in parallel with the sale of year plan to deliver Renewable Energy Zones, the majority interest in WA-481-P, Triangle energy storage such as pumped hydro, and on and Pilot have also agreed to form the Cliff demand supply like gas and batteries, needed Head Wind and Solar Project Joint Venture to reduce emissions and provide cheap, (Wind & Solar JV) with Pilot owning 80% and reliable electricity across the State. Triangle 20% (subject to agreeing the terms of

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Deputy Premier said now to leverage our competitive advantage the Roadmap will deliver Australia’s first and to position NSW as an energy Renewable Energy Zones in the Central West superpower.” and New England regions by 2030. Water Minister said “The stimulus the Renewable Energy Zones the Roadmap includes $50 million in grants to will provide to regional communities will support the delivery of pumped hydro unlock over 9,000 new jobs and will be a huge projects. boost to farmers and land owners, with $1.5 billion in lease payments expected to go to “Pumped hydro is a proven form of large- landholders hosting new infrastructure by scale storage and NSW has some fantastic 2042,” Mr Barilaro said. pumped hydro opportunities,” Ms Pavey said.

“The Roadmap will make sure that “This plan delivers the long term certainty renewables are developed where regional needed for the private sector to invest now communities want them and where they are and drive jobs and investment in the compatible with farming.” regions.”

Treasurer said Member for Dubbo Dugald Saunders said the Roadmap will grow the economy, create the Roadmapcements the region as the jobs and deliver an expected $32 billion of renewable hub of the future. private sector investment in electricity infrastructure by 2030, part of the NSW “Our community is thrilled to have the State’s Government’s COVID-19 Recovery Plan. first Renewable Energy Zone right here in the Central West unlocking opportunities for jobs “Coming out of this crisis, not only are we and investment that will be the foundation for stimulating the economy to create jobs now, our future prosperity,” Mr Saunders said. we are looking towards the reforms NSW needs to secure our future,” Mr Perrottet The Roadmap sets out a plan to modernise said. the State’s electricity infrastructure by: 1. Cutting red-tape and speeding up approvals “This is a big productivity reform, with for transmission infrastructure in Renewable the Roadmap projected to deliver NSW some Energy Zones, while protecting the interests of the cheapest energy prices in the OECD and of consumers, shore up our energy security.” 2. Creating a long term investment signal for new generation in Renewable Energy Zones, Energy Minister said long duration storage such as pumped hydro, the Roadmap will support the private sector and on demand supply, like gas and batteries, to bring 12 gigawatts of renewable energy and and 2 gigawatts of storage, such as pumped 3. Making sure that renewable projects hydro, online by 2030. proceed where local communities want them and in ways that are consistent with farming. “Our priority is to keep the lights on and get power prices down, with For further information and to view the Roadmap forecast to save NSW the Roadmapvisit: https://energy.nsw.gov.au/ households an average of $130 and small government-and-regulation/electricity- businesses an average of $430 on their infrastructure-roadmap electricity bills each year,” Mr Kean said. Source: NSW Government “NSW has some of the best natural resources in the world and this Roadmap is about acting

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Dundonnell Wind Farm update Lightsource bp announces a 10 November 1.4GW global purchase Tilt Renewables Limited (“TLT”) provides this update on progress with commissioning of the agreement with Array 336MW Dundonnell Wind Farm (“DDWF”) Technologies located in Western Victoria. 10 November Lightsource bp has entered into a purchase As previously disclosed, TLT has been working agreement with Array Technologies closely with the Australian Energy Market (NASDAQ:ARRY) that will supply Lightsource Operator (“AEMO”) and the turbine supplier bp’s newly developed solar portfolio of 1.4GW Vestas, to undertake further performance across the world with DuraTrack® HZ v3 modelling and testing in order to allow the single-axis solar trackers equipped with plant wind farm to progress through the agreed optimizing SmarTrack™ technology. commissioning sequence. Once constructed and connected, this newly This work has resulted in the wind farm being added solar capacity will generate enough cleared, today, to increase output to 226MW combined renewable electricity to power over with all 80 turbines able to operate and 266,000 households. export energy within that total output cap. This follows a period of testing at 150MW Lightsource bp, a global leader in with 80 turbines operational. This 226MW, 80 development and management of solar turbine status will allow the wind farm to energy projects, expects the agreement to produce approximately 85% of the energy supply and optimize this portfolio of solar yield expected if the asset was fully power generation projects across growing operational without the cap, under P50 wind energy markets worldwide, including the conditions. United States, Australia, and Spain.

The focus continues on progressing DuraTrack HZ v3 is a market-leading utility-scale commissioning through the remaining hold solar tracker that offers over 7% lower lifetime points, towards full output. It is expected that costs for asset owners, as well as 31% lower DDWF will be able to increase its output to lifetime operations and maintenance costs than 300MW before the end of 2020 with full competitive, decentralized trackers. SmarTrack capacity of 336MW and practical completion is an advanced machine-learning software of the project expected in Q1 2021. platform that boosts energy production and revenues for utility-scale solar sites by up to 5% TLT CEO Deion Campbell said, “the by rapidly and securely optimizing backtracking progression to this next hold point of 226MW and diffuse light strategies. is another important step as DDWF continues through its agreed commissioning plan with This agreement builds on a previous deal AEMO. Despite it being unlikely that we will between Lightsource bp and Array achieve our goal of full output by the end of Technologies reached in December of 2019, 2020 there is commitment between ourselves an agreement of over $100M USD for 1.5GW and AEMO for the project to be released to of projects across the U.S. the next hold point of 300MW in December 2020. At 300MW the DDWF will be able to “As we continue to grow and progress our deliver approximately 97% of its expected 16GW development pipeline, executing global annual energy yield.” procurement deals with world class suppliers like Array Technologies enables us to leverage Source: Tilt Renewables the efficiencies of our scale. This approach further optimizes our projects and translates into competitively priced electricity for our

Page 7 (Click on relevant project links to go to online Project Database) customers. Our agreement with Array Woolworths Group commits to Technologies demonstrates the quality of partnerships Lightsource bp invests in,” said be powered by 100% Nick Boyle, Group CEO for Lightsource bp. renewable electricity by 2025 11 November “Array’s ongoing collaboration with • As one of Australia’s largest energy users, its Lightsource bp has given us insight into how RE100 commitment will reduce emissions and efficiently they prepare and plan,” said Jim create clean energy jobs right across Australia Fusaro, CEO for Array Technologies. “Their • Woolworths Group is the biggest Australian management team takes the long view on energy user yet to join RE100 solar and invests at scale in proven technology • It joins 267 other RE100 member companies – to deliver low energy costs for their clients around the world that are transitioning to over the full lifetime of a solar project. This 100% renewable electricity customer-centric approach, with a focus on • 14 Australian companies with a combined lowering long-term operations expenses, is market capitalisation of $473.47 billion have exactly how we deal with our clients.” now joined RE100

Source: Array Technologies Australia’s largest retailer Woolworths has joined the global RE100 initiative and committed to power its entire operations with NEW PROJECT renewable electricity by 2025. Sandy Creek Solar Farm Location: Approximately 1.5km north-east of RE100 is led by international non-profit the Uranquinty, NSW Climate Group in partnership with CDP, Capacity: 17 MW DC bringing together the world’s most influential Developer: BayWa r.e. Projects Australia businesses committed to 100% renewable Status: Development application submitted to power. state planning authority Expected cost: $19 million RE100 is a global initiative that brings LGA: Wagga Wagga City Council together the world’s most influential Description: The subject land comprises businesses. To date, 267 major companies approximately 42 hectares of agricultural land have joined RE100 and committed to source with a history of clearing for cropping and 100% of their electricity needs from sheep grazing. Sandy Creek Solar Farm would renewable electricity by a set date. include the installation of approximately 40,000 solar panels mounted in rows on The 14 Australian members of RE100 include: tracker tables and approximately 5,000 array Woolworths Group, Westpac, Suncorp, QBE, posts, and four containerised power stations NAB, Mirvac, Macquarie, Interactive, Dexus, (containing SMA SC-4400-UP Medium Voltage Commonwealth bank, BINGO Industries, Bank Power Stations or similar) within the solar Australia, Atlassian and ANZ. Over 70 array. The proposed development would international companies with operations in connect to the existing 22kV line along the Australia are also members of RE100. Olympic Highway, via a new switching station. Approximately 40 workers required at peak Over the next 5 years, Woolworths Group’s construction. transition to 100% renewable electricity will Contact: Peter McPherson create clean energy jobs by driving significant Business Development Manager investment in Australia’s renewable energy BayWa r.e. Australia sector. Email: [email protected] Building on its expanding network of solar panels installed in more than 150 locations

Page 8 (Click on relevant project links to go to online Project Database) nationally, the company will sign power Carnegie signs Memorandum purchase agreements with wind and solar energy providers. of Understanding with Oceantera Woolworths Group sees the transition to 12 November 100% renewable electricity as a practical step Carnegie Clean Energy Limited (Carnegie or towards meeting its goal of ‘net positive’ the Company) is pleased to announce that it carbon emissions by at least 2050. has executed a Memorandum of Understanding (MOU) with Oceantera, a Woolworths Group CEO Brad Banducci, said: project development company whose mission “We’re proud to be joining RE100 and is to deliver clean, affordable and reliable contributing to the collective effort towards a energy to remote and island communities in greener future.” South East Asia through responsible and sustainable development in collaboration with “Moving to 100 per cent renewable electricity its partners and empowered local is the right thing to do, and something a communities. growing number of our customers, team members and shareholders expect us to lead This non-binding MOU requires active on. collaboration of both parties to explore opportunities of mutual interest. This includes “We use around one per cent of Australia’s activities such as: national electricity, so we have a unique • Sharing knowledge and expertise on wave opportunity to use our scale for good and energy markets (including both communities make a real impact. and aquaculture), customer requirements and the CETO technology. “Over the coming years, we’ll invest tens of • Investigating potential CETO project millions of dollars into renewable energy opportunities in South East Asia or other partnerships and prioritise new green energy mutually agreed locations. projects to spur growth in the industry and • Exploring collaborative opportunities to new jobs in the sector. utilise Carnegie’s Garden Island Microgrid with a view to supporting the development of RE100 Australian Coordinator Jon Dee, said: the wave energy industry. “We’re delighted that Woolworths Group is joining RE100. As Australia’s largest retailer, This MOU formalises discussions ongoing Woolworths is demonstrating that renewable between the two parties over the past year energy not only makes environmental sense, including a visit by one of Oceantera’s it makes business sense too.” Directors to Carnegie’s Rous Head research facility and Garden Island Microgrid in 2019. “To date, 14 Australian companies with a combined market capitalisation of over $470 Carnegie is excited to work with the team at billion have joined RE100. Most will have Oceantera, which is a joint venture between switched to 100% renewable electricity for Singaporebased marine data and intelligence their operations before 2025.” company OceanPixel and the UK’s Aquatera Ltd, a leading member of the international “With Woolworths joining RE100, we expect ocean energy sector. that this will trigger a domino effect across Australia, with many more businesses This new MOU reflects Carnegie’s strategy to stepping up to transition to 100% renewable focus on its core capability as a wave energy electricity.” technology developer with the goal to deliver future wave energy projects with partners Source: RE100 around the world.

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Carnegie believes that the Oceantera with resultant carbon emission reduction partnership has the potential to enhance potential. Carnegie’s success via sharing commercial experience related to renewables and The mining industry has been making supporting the development of commercially considerable steps towards a clean energy attractive proposals for customers. future in the past few years, with companies such as Sandfire Resources with its DeGrussa Oceantera has a strong understanding of minesite solar plant and Gold Fields with the power systems and renewable energy installation of one of the world’s largest opportunities in South East Asia with a strong hybrid microgrids at the Agnew operation and presence in the region. Through this MOU the a hybrid energy project at their Granny Smith parties will explore potential opportunities minesite. and identify the best targets for the development of regional wave energy In addition to electrification, carbon emissions projects. The knowledge sharing that will be are being reduced through a growth in the undertaken with Oceantera through this MOU green hydrogen market. Green hydrogen is also supports Carnegie’s market intelligence produced by using an electric current, which feeds into Carnegie’s work to develop generated by a renewable energy source such competitive CETO technologies. as solar PV or wind, to break water into hydrogen and oxygen. Source: Carnegie Clean Energy Managing Director, Vincent Algar comments, “The use of green hydrogen could allow AVL to reduce its carbon footprint and leverage AVL launches green hydrogen both the economical and environmental benefits of this growing market. The green strategy steel opportunity is one that WA should 12 November particularly embrace, with the potential for Vanadium processing carbon emission many jobs to be created and a globally reduction strategy for a sustainable future competitive steel industry. This strategy can assist with environmental approvals and in KEY POINTS attracting finance partners with an • AVL’s green hydrogen strategy includes: environmental, social and corporate o Use of hydrogen in ore reduction process governance focus, for AVL to bring the o Introducing hydrogen into the natural gas Australian Vanadium Project into production.” pipeline o Transportation – from minesite vehicles The Australian Vanadium Project (“the through to haulage trucks Project”) is located approximately 40km o Use of hydrogen ammonia byproduct south-east of Meekatharra and 740km north- material in vanadium processing east of Perth. • Expression of Interest submitted to the Government of Western Australia for the The proposed Project includes open pit Oakajee Strategic Industrial Area - Renewable mining, crushing, milling and beneficiation at Hydrogen opportunity the Meekatharra site and a processing plant • Negotiations underway with key market for final conversion to high-quality vanadium participants in the hydrogen sector pentoxide for use in steel, specialty alloys and battery markets, to be located at a site at Australian Vanadium Limited (ASX: AVL, “the Tenindewa, between Mullewa and Geraldton. Company” or “AVL”) provides this overview of its development of a green hydrogen strategy AVL’s strategy to incorporate hydrogen into the Project includes the following areas:

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• Introducing a percentage of green hydrogen PROJECT NEWS into the natural gas feed for the processing Bookaar Solar Farm to be plant. The purpose of this is to reduce carbon emissions. This will be analysed fully in the resubmitted Company’s Bankable Feasibility Study. The Infinergy Australia team has been working • Offtake of ammonia from green hydrogen hard to address concerns raised by the VCAT production for use in the final vanadium decision handed down in July last year. precipitation step of processing. The CSIRO is working on an ARENA, (the Australian Based on the decision and paying particular Government’s Australian Renewable Energy attention to the issues of bushfire risk and Agency), funded project to develop a hydrology, a new planning application will be production process that does not contribute submitted to the Department of Environment, to greenhouse gas emissions. Land, Water and Planning during the fourth • Powering minesite or haulage vehicles to quarter of 2020. move material from the minesite to the processing plant with green hydrogen. With the benefit of additional assessments, Hydrogen generation could be undertaken at we are confident that it can be demonstrated the minesite and at the processing plant for that the Proposal will not have any refueling. This is a new area of development unacceptable environmental impacts. for Australia and will need to be fully assessed for its financial implications. AVL is keen to If successful, the Bookaar Solar Farm will bring work with the Federal and State Governments significant investment to the Corangamite and haulage companies who have a forward Shire including construction jobs, as well and plan for this technology. long term employment during the operation • The use of green hydrogen for steel of the solar farm. production in the ore reduction step. AVL is seeking partnerships with companies Source: Infinergy interested in this area as it would be a noble and efficient use for the Fe-Ti coproduct that the Company plans to produce. FRV acquires Metz Solar Farm • Through AVL’s 100% owned subsidiary, VSUN Energy, integrating hydrogen expanding its portfolio of electrolysers in plant design, combined with projects in NSW, Australia energy storage utilising vanadium redox flow 13 November battery (VRFB) technology. ▪ 115 MWac Metz Solar Farm will produce

enough clean energy to supply up to 40,000 To support the Government of Western homes and avoid the emission of Australia’s plans for a green hydrogen approximately 288,000 tons of CO2 annually, economy, AVL has submitted a formal as well as potentially saving approximately response to the request for expressions of 440,000 mega litres of clean drinking water interest for the Oakajee Strategic Industrial each year by displacing the use of coal-fired Area Renewable Energy Strategy. Having a power. Project located in the Mid-West region, with a ▪ The project signed a Power Purchase variety of ways for AVL to incorporate green Agreement (PPA) with in 2018 hydrogen means that the Company is well- and will deliver significant benefits to the New positioned to leverage the emerging hydrogen England area and to the wider New South economy and its financial and environmental Wales community. benefits. ▪ With Metz Solar Farm, Sydney-based FRV

will reach a solar portfolio of approximately Source: AVL 650MWdc capacity in Australia.

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Fotowatio Renewable Ventures (FRV), part of "This is another high-quality project which will Abdul Latif Jameel Energy and a leading global contribute to the expansion of our portfolio of developer of renewable energy projects, projects in Australia". completed the acquisition for the 115 MWac Metz Solar Farm – the eighth project of FRV in Fady Jameel, Deputy President and Vice Australia and the fourth major project for the Chairman of Abdul Latif Jameel, said: company in New South Wales. “Through the acquisition of Metz Solar Farm, its latest venture with FRV, Abdul Latif Jameel The project is underpinned by a Power Energy reiterates its commitment to Purchase Agreement (PPA) with Snowy Hydro, supporting Australia’s transition to signed in 2018. sustainable energy. Enhancing renewable energy infrastructure in key markets is at the Located in the New England region of New heart of our approach, as we strive to build South Wales near Hillgrove, 20km east of clean energy solutions that meet resilience Armidale, the plant will connect to the national needs and benefit the planet and its grid and generate enough power to supply up to communities for generations to come.” 40,000 Australian households. That’s over half of the 66,000 households in the region. Source: FRV

In addition it’s estimated that the annual greenhouse gas emissions reduced by the project will be approximately 288,000 tonnes Guildford Wind Farm project of CO2 equivalent while at the same it will also save approximately 440,000 mega litres enters planning process of clean drinking water compared to a coal- 13 November fired power station. Epuron has lodged a Notice of Intent (NOI) for the proposed Guildford Wind Farm project, Metz Solar Farm will deliver significant with an initial layout of 80 turbines, with the benefits to the Armidale area and the wider Environment Protection Authority (EPA) community. This flows from the creation of Tasmania. direct jobs throughout each stage of the project's life cycle. During the construction The EPA will use this to determine the class of period it is estimated that the project could assessment and Project Specific Guidelines provide jobs for up to 100 workers over the (PSGs) for the project’s Environmental Impact course of a year. Statement (EIS). When the draft guidelines are ready, they will be put on public exhibition Metz Solar Farm will bring FRV’s Australian through the EPA’s website. operating and in construction solar projects to eight, of which four are in New South Wales, Epuron also referred the project to the including Moree (56 MWac) and Goonumbla Federal Department of Agriculture, Water and (69.75 MWac) in operation and Sebastopol the Environment (DAWE) for review under the (90 MWac) under construction. Commonwealth Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act), Carlo Frigerio, Managing Director of FRV in and DAWE has determined it to be a Australia, said: "Metz Solar Farm will help us ‘controlled action’. This prescribes a number to consolidate our portfolio in New South of studies for inclusion in the EIS and means Wales and help the Government to achieve the project will also require approval under their ambitious target of 12GW of renewables the EPBC Act. and storage under the Electricity Infrastructure Roadmap that they have Source: Epuron launched recently”. Mr Frigerio also added

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