Project Update Week ending 2 November 2018
SunPower partners with innogy and BELECTRIC on Engineering, Procurement and Construction Australia's largest solar power (EPC) contractor, as well as the Operation and Maintenance (O&M) service provider. plant BELECTRIC is an experienced company in the 29 October global solar market with nearly 2 gigawatts of SunPower (NASDAQ:SPWR) announced today executed projects globally, including projects that it is supplying 349 megawatts of in Australia. SunPower high efficiency solar panels for the Limondale solar power plant, Australia's Source: SunPower Corp. largest solar project to date.
"We commend innogy and BELECTRIC for this NEW PROJECT milestone project, and for using high- performance SunPower® technology to Illabo Solar Farm ensure long-term value," said SunPower Location: About 6km south east of Illabo, in Executive Vice President Peter the Riverina district of NSW Aschenbrenner. "Customers worldwide rely Capacity: 80 MW on SunPower solar panels for proven Developer: Tilt Renewables performance and reliability." LGA: Junee Expected cost: $150mil SunPower is supplying its Performance Series Employment: 100 construction jobs & 2 (P-Series) solar panels for the project, which is operational jobs expected to be fully operational in mid-2020. Description: The proposed solar farm would incorporate the following infrastructure: Fixed The company's 19 percent efficient P-Series or single axis tracking solar panels, inverter solar panels deliver value as a result of a stations, underground cabling to connect unique shingled design that improves inverter stations to substation, internal access reliability and efficiency, and outperforms tracks, overhead transmission line up to conventional panel yield in real-world 132kV for grid connection, 132 kV substation, conditions such as partial shading and security and fencing, operations and elevated temperatures. It is part of a maintenance facility, control room and site comprehensive high-efficiency product office with amenities, maintenance, spare portfolio that includes SunPower's X- and E- parts and storage building, car parking, Series panels, and, beginning in 2019, will laydown/compound area, future battery include its newly developed next generation storage area, ancillary infrastructure, technology. intersection treatment, upgrades and construction of access track off Allawah Road. innogy is constructing the solar power plant. Contact: Marita Giles The company's subsidiary, BELECTRIC, is the Email: [email protected]
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PROJECT NEWS Examining expansion of Crudine Ridge Wind Farm Shoalhaven Pumped Hydro Construction starts on Crudine Ridge Wind Farm, with completion planned for late 2019. Scheme 29 October The project consists of constructing 37 wind The Australian Government is supporting turbines which will reach a maximum height Origin Energy to examine the feasibility of of 160m from foundation to the uppermost expanding its existing Shoalhaven pumped blade tip. The project will build 50km of new hydro scheme. internal access roads, internal electrical reticulation, temporary construction Pumped hydro energy storage involves compounds, rock crushing facilities, a pumping water up to a storage reservoir and concrete batching plant, a substation, an releasing it through a turbine to provide operations and maintenance facility and additional energy into the electricity grid approximately 15 km of overhead when it is needed. transmission line. There will also be upgrades to public roads, including a 20km stretch Pumped hydro helps to make renewables along Aarons Pass Road. To minimise impacts more reliable by acting as a battery which can to the community and environment materials be dispatched at times of peak demand. are being sourced on site, reducing the number of truck movements on public roads. The current 240MW Shoalhaven Pumped Hydro Scheme could be expanded by an Delivery of turbine components is scheduled additional 235MW in storage generation and for early 2019, along the approved routes. A capacity if found to be feasible. more detailed update on delivery of these components will be shared with the Through the Australian Renewable Energy community closer to the time to ensure Agency (ARENA), the Australian Government minimal traffic disruption. is providing funding of $2 million to Origin Energy for the feasibility study. The project is already delivering economic benefits to the local community. $3M of A full feasibility study will cost $6.8 million contracts have been awarded to local and is expected to be completed in 2019. businesses and further procurement is planned over the coming months. The project is aiming The study will examine pumping water from to engage as many of the 240 people for the Lake Yarrunga to Fitzroy Falls Reservoir, by delivery of the project with a focus on engaging passing the Kangaroo Valley Power Station, from the local community as much as possible. and making use of a new underground pumped power station. The project team is recruiting for a number of positions both for CWP Renewables and our It is hoped that this study can provide insights delivery partners. These positions include, which will be beneficial to other pumped senior HSE positions, project administrators, hydro projects around Australia. communications and engagement roles, civil project engineers, civil supervisors and This project is a great example of the graduate engineers. People interested in Government's commitment to delivering being a part of the project are encouraged to reliable and more affordable electricity. visit job sites such as Seek for currently advertised roles, as well as register their Source: Federal Government interest through the contractors page.
Source: CWP Renewables
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New technology to be trialled President of Identiflight, Tom Hiester, said IdentiFlight is pleased to be partnering with to protect eagles at Cattle Hill Goldwind. Wind Farm 30 October ‘We developed IdentiFlight to promote the Goldwind Australia announced today that it successful coexistence of avian wildlife and will be installing the innovative IdentiFlight® wind energy. Results from IdentiFlight trials aerial monitoring and detection technology on wind farms in the US have demonstrated system as one of the key initiatives to mitigate its effectiveness in mitigating impacts on the Tasmanian Wedge-tailed Eagle impacts at iconic bald and golden eagles.’ said Tom. Cattle Hill Wind Farm in the Central Highlands of Tasmania. Construction of the Cattle Hill Wind Farm commenced earlier this year and is IdentiFlight’s tower-mounted optical units are progressing well with the first wind turbine designed to detect flying objects and then use foundation expected to be poured shortly. algorithms to identify them as eagles within seconds. If an eagle’s speed and flight path Once operational, the wind farm will power indicate a risk of collision with a wind turbine, approximately 63,500 Tasmanian homes. This an alert is generated to shut down the specific increases Tasmania’s on-island renewable wind turbine. energy generation capacity by approximately 5 per cent and contributes to Tasmania’s Sixteen IdentiFlight units are to be installed at ambitious target of becoming fully self- the Cattle Hill Wind Farm. The location of the sufficient with renewable energy by 2022. towers is designed so they will be able to detect eagles and shut down any of the 48 Source: Goldwind Australia turbines as necessary.
John Titchen, Goldwind Managing Director, PROJECT NEWS said Cattle Hill Wind Farm will be the first Snowy 2.0 wind farm in Australia to trial this newly Snowy Hydro Limited is seeking NSW state available innovative aerial monitoring and government planning approvals for Snowy 2.0 detection technology. Main Works covering the major project elements including the underground power ‘Goldwind Australia understands the station, power waterways, access tunnels and importance of balancing the need for clean, access, power supply and communications renewable energy whilst protecting infrastructure, as well as supporting Tasmania’s unique wildlife, particularly the infrastructure to enable construction. It also endangered Tasmanian Wedge-tailed Eagle. includes the operation of Snowy 2.0, which Snowy Hydro is proposing to build and Goldwind is very pleased to have partnered operate to increase the pumped hydroelectric with Identiflight to apply this recently capacity within the existing Snowy Scheme by developed innovative technology to reduce linking the Tantangara and Talbingo reservoirs impacts on the Tasmanian Wedge-tailed with tunnels feeding a new underground Eagle. power station. Snowy 2.0 Main Works has a capital investment value of $4,5bil and will We look forward to sharing the results of this create 1500 construction jobs. first Australian trial following installation.’ said John.
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Pumped hydro power station constructed – meaning dams, pipeline easements and transmission connections are aims to double capacity already in place. 30 October Nestled in the NSW Southern Highlands STORAGE A KEY PART OF FUTURE ENERGY 150kms south of Sydney, Origin’s Shoalhaven MIX pumped hydro scheme is a quiet achiever. Whether delivered by big batteries, solar, hydrogen or other technologies, there is no One of Australia’s few examples of pumped question that energy storage will be an hydro in operation, the scheme has delivered integral part of the future energy network. clean, green electricity since it was commissioned in 1977. Today it plays a key ARENA CEO Darren Miller said Origin’s role in managing water security for the people Shoalhaven pumped hydro power station is of New South Wales. leading the way for other pumped hydro developments. As well as moving drinking water across a nearby range, the scheme acts like a giant “For more than forty years, Shoalhaven’s battery. It can pump water up to the elevated pumped hydro scheme has delivered reliable reservoirs when energy demand and prices renewable power to the NSW grid,” Darren are low, to be later released to create Miller said. electricity when demand rises. Compared with other options on the table, Unlike a traditional hydroelectric plant, the pumped hydro makes a strong case. Limited scheme can move water between the upper only by the volume of the upper reservoir, and lower reservoirs on-demand, and reuse pumped hydro can supply more energy for water over and over again. longer than the other available technologies.
Cascading water through Kangaroo Valley and “Expanding this scheme would provide more Bendeela hydroelectric plants, the Shoalhaven electricity over a shorter period. This would scheme today has a capacity of 240MW. allow Origin to deliver capacity when it needed – when demand is high or renewable That could be set to grow, with ARENA today output is low,” Mr Miller said. announcing $2 million in funding for Origin to assess the feasibility of increasing capacity to With solar and wind impacted by cloud cover, 475MW. low winds, and the daily disruption of nighttime, this supply will be vital to bolster That would provide enough energy to power renewables as they do more of the heavy an additional 80,000 homes. lifting.
The ARENA funded study will build on pre- Origin’s preferred option for the expansion feasibility investigations undertaken earlier “The findings from the Shoalhaven study will this year by Origin, which assessed three help to plan the other hydro energy projects options to expand the scheme. in the pipeline. There is so much potential in this technology, which can be seen in the The full feasibility study will be based on their work underway on Snowy 2.0, Hydro preferred option, which bypasses the Tasmania’s Battery of the Nation initiatives, Kangaroo Valley Power Station and pumps Kidston in Queensland, EnergyAustralia’s water from Lake Yarrunga to Fitzroy Falls seawater pumped hydro project in Cultana Reservoir. and the Iron Duchess in South Australia,” he said. The project is aided by work to future proof the Shoalhaven scheme when it was originally
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“We know that storage, from both pumped JinkoSolar to supply 255MWp hydro and batteries, will be key to transitioning to renewable energy in solar panels to one of the Australia,” Mr Miller said. year’s largest solar farms in
While the electricity system can cope with a Australia lot more variable renewable energy in the 31 October system before storage is needed in significant JinkoSolar Holding Co., Ltd. (“JinkoSolar” or quantities, pumped hydro is shaping up as an “Company”), （NYSE code：JKS）one of the important storage technology – particularly world's largest solar module manufacturers, for longer durations. announced today that it has entered into the Contract for the Supply of PV Modules with Origin executive general manager energy Decmil Australia Pty Ltd on September 27, supply and operations Greg Jarvis welcomed 2018, for supply 255MWp of its high efficient ARENA’s support for the feasibility study into solar panels for the Sunraysia Solar Farm the proposed project. (“Project”) developed by Maoneng Group.
“Shoalhaven is in the unique position of The Sunraysia Solar Farm is expected to be having much of the required infrastructure the largest solar farm to have commenced needed for expansion already in place,” Greg construction in Australia this year and will also Jarvis said. be one of the largest solar farms in the world upon construction completion. The Project “This means it can be developed with less will also include a large scale battery storage community and environmental impacts and in array. a shorter timeframe compared to developing the same amount of additional capacity as a The Project is being developed by Maoneng greenfields project,” he said. Group (“Maoneng”), an Australian-Chinese developer, owner and operator of renewable Unlike other storage projects being power generation assets. Maoneng has a considered, Shoalhaven has been supplying development pipeline of 500MW of solar electricity to the grid for more than 40 years, farms within Australia and sells energy and so it’s potential is well understood. large-scale generation certificates (“LGCs”) to Australian businesses and governments “This is a strong prospect for future through a combination of medium and long- expansion, because Shoalhaven can feed term contracts. Maoneng commissioned a electricity into the grid in as little as three 13MW solar farm under the ACT minutes, therefore improving reliability and Government’s Reverse Solar Auction scheme complementing growing intermittent in November 2016. Maoneng reached renewables in the system. Financial Close for the 255MWp Sunraysia Solar Farm in October 2018. “We will now get on with important assessments and the necessary regulatory The Sunraysia project forms a key step of AGL approvals that may allow us to double Energy (“AGL”)’s plan to replace the aging and Shoalhaven’s generating capacity in the increasingly decrepit Liddell coal-fired future,” Mr Jarvis said. generator. This Project is underpinned by two world class Power Purchase Agreements Source: ARENA (PPAs) under which UNSW Sydney and AGL purchase energy over 15 years. The Project is expected to generate around 400 construction jobs in Balranald, leading to significant local economic growth and creating
Page 5 (Click on relevant project links to go to online Project Database) opportunities among local community as to Emerging Energy Program participate in the renewable energy sector. This program will encourage private sector
investment to support the next generation of JinkoSolar has been chosen to supply all large-scale energy and storage projects in 255MWp panels, including its latest HC NSW. Cheetah series products, for the Project attributable to the high efficiency and The Emerging Energy Program will be reliability of its solar panels, its plentiful technology neutral. Eligible projects must experiences in global utility-scale projects, demonstrate that they can provide and good records of duly delivery. dispatchable or on-demand energy to help
meet the state’s energy needs. “JinkoSolar has demonstrated professionalism as a tier one global manufacturer. We look Funding will be provided to commercialise forward to the cooperation with JinkoSolar these projects, as well as support pre- not only on this Sunraysia Solar Farm over the investment studies to help get new projects next 14 months, but also on future pipeline off the ground. The program is expected to projects in Australia and the greater South leverage hundreds of millions of dollars in East Asia region." said Morris Zhou, Group additional private sector investment and a Executive Director of Maoneng. significant number of jobs for regional NSW.
“JinkoSolar’s panels deliver cost-competitive The Emerging Energy Program Factsheet and power with proven long-term reliability, and Overview provide further information ahead we are proud to play a significant role in of the Program opening for registration and a serving AGL's goals for generating clean and call for an Expression of Interest, expected in renewable solar power," said Gener Miao, the first quarter of 2019. The full Program Sales & Marketing VP of JinkoSolar. Guidelines will be released at this time.
Program factsheet Source: JinkoSolar Program overview
An Industry Briefing was held on 31 October PROJECT NEWS 2018 at NSW Parliament House with almost Cohuna Solar Farm 400 people attending in person and over 120 Federal Department of Environment has people watching on line. declared Leeson Group’s 34.2 MW Cohuna Solar Farm, near Horfield in northern Victoria, To receive further information and updates is not a controlled action and so its approval is about this program, please register your not required. The 34.2 MW project already interest by has council approval and was announced in emailing emergingenergy.program@planning. October as a successful applicant for the nsw.gov.au Victorian Renewable Energy Target tender. Grid connection negotiations are in a late Source: NSW Government stage, with construction expected to start in April next year.
Prairie Solar Farm
Pacific Hydro’s 240 MW Prairie Solar Farm in
Mitiamo, 65 km from Bendigo in Victoria, declared not a controlled action by the federal government. Development application submitted to Loddon Council in June this year.
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Tilt Renewables announces November 2018 and payment date of 30 November 2018. As previously announced Tilt Dundonnell Final Investment Renewables guidance for Underlying EBITDAF Decision and Interim Results for the year ending 31 March 2019 has now 31 October been revised up from a range of $120 – $127 Dundonnell Wind Farm million to a new range of $134 – $138 million. The Board of Tilt Renewables Limited (“Tilt Renewables”) today approved the $560 Source: Tilt Renewables million Dundonnell Wind Farm project to proceed to financial close. This is expected to occur before the end of 2018, with Our commitment to construction planned to start in early 2019 in order to achieve full commercial operations renewables gets a big boost by September 2020. 31 October Our goal to source 25 per cent of energy for Also, Tilt Renewables has today executed our customers from renewables by 2020 has another 15-year offtake contract with an taken a significant step forward with the investment grade counterparty for a further commencement of commissioning for Bungala 50% of the capacity of the wind farm which in 2 Solar Farm in South Australia this week. addition to the VRET Support Agreement at approximately 37% of the output, brings the Ramp up of Bungala 2 follows commissioning total contracting level to 87%. Deion of its sister farm Bungala 1 in September. The Campbell, CEO of Tilt Renewables commented two Enel Green Power plants, covering 600 “these contracts substantially de-risk this hectares of land and consisting of about project and demonstrate our ability to 800,000 solar panels, bring the Bungala execute our strategy”. project to an operating capacity of 220 MW, making it Australia’s largest solar farm Interim Results for the period ended 30 completed to date with the potential to September 2018 (“1H FY19”) power more than 95,000 homes. Tilt Renewables Limited consolidated EBITDAF1 was $66.9 million for 1H FY19, up All of the power generated by Bungala 1 and 2 36% on the corresponding period from the will go to Origin customers through power previous year (“1H FY18”). The strong purchase agreements with global renewables financial performance was driven by wind giant Enel Green Power. conditions above long-term expectations across the New Zealand and Australian Bungala is one of a number of Origin solar portfolio, and the first contribution of projects expected to be commissioned by the electricity production from Salt Creek Wind end of the year, including Clare, Daydream Farm commissioned in July 2018. Tilt and Darling Downs solar farm in Queensland. Renewables’ wind assets produced 1,070 Together, these developments will add 376 GWh in 1H FY19, 23% higher than 1H FY18 MW of emissions-free solar energy to Origin’s and 58 GWh above long-term expectations. portfolio.
Underlying Net Profit After Tax for 1H FY19 Next year, we will add a further 530 MW of was $3.8 million and as at 30 September wind to our renewables portfolio with the 2018, Tilt Renewables had a net debt position commissioning of the Stockyard Hill wind farm of $591 million. near Ballarat in Victoria. When commissioning of Stockyard Hill is complete, renewables will The Directors also approved an interim represent nearly 1,650 MW of Origin’s total unfranked and unimputed dividend of AUD capacity. 1.60 cents per share, with a record date of 16
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Origin was the first Australian company to Technical details: announce a science-based emissions - 3 million galvanized zip ties to be used in the reduction target to halve our direct emissions stringing of electrical cables by 2032. We will do this by exiting coal by - More than 247,000 solar panels installed 2032, increasing our reliance on gas and - 175 jobs at peak construction adding more renewable energy to our - 18km of fence line installed portfolio. - 2km of road built to access site - 6,500 holes pre-drilled Source: Origin Energy - The solar panels rotate to track the sun and maximize efficiency - The solar panels are programmed to rest at Rugby Run Solar Farm reached an angle that withstands inclement wind and weather conditions. mechanical completion - 65MW solar farm with the capacity to 1 November expand to 170MW. Adani Renewables Australia’s Rugby Run solar farm near Moranbah has reached mechanical Source: Adani completion, with more than 247,000 solar panels installed. PROJECT NEWS The facility will deliver up to 65MW and Pallamana Solar Farm 185,000MWh of power each year, which is Plans for RES Australia’s $350mil Pallamana about how much energy it takes to power Solar Farm and Battery Storage Facility placed 23,000 homes each year, Adani Renewables on public exhibition by SA Planning Australia says. Commission until 30 November. The proposal
comprises a 176 MW solar farm Chief executive officer Dr Jennifer Purdie the (approximately 690,000 solar photovoltaic project team was now preparing for final panels mounted on single axis tracker works so it could deliver energy to customers structures) and ancillary structures (including from early next year. inverters, transformers, underground cabling
and security fencing); a 66 MW (140 MWh) “We have forward sold 80 per cent of energy Lithium Ion battery facility and ancillary generated already, and we will sell the structures (including inverters and remaining 20 per cent on the spot market,” transformers); control building; storage shed; she said. switch yard; 132kV overhead transmission line
connection to an existing substation and a Final works at the 670ha site will include temporary construction compound. completing electrical connection works and energizing the solar farm. Lakeland Wind Farm Dr Purdie said Adani Renewables Australia Windlab submits generation authority had been able to use local contractors from application to Queensland state government Clermont, Chinchilla, Bowen and Townsville to for its Lakeland Wind Farm, located 7km ensure the benefits of this investment were north-west of the township of Lakeland and focused in regional Queensland. 60km south-west of Cooktown in the Cook Shire in North Queensland. The 106.4 MW The Rugby Run solar farm is expected to be wind farm will connect to Ergon Energy’s fully operational in the first quarter of 2019, distribution network at the Lakeland with the potential to expand to a 170MW substation. farm at a later date.
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Wave Swell Energy to finalise Investing for impact and fund raising for King Island innovation: CEFC Annual Project via crowdfunding Report 2017-18 Wave Swell Energy will finalise the capital 1 November raising required to fund its King Island wave The Clean Energy Finance Corporation Annual energy project with a round of equity Report for 2017-18 has been tabled in the crowdfunding beginning October 25, 2018. Australian Senate, fulfilling an important part The round will be conducted by Equitise, a of the CEFC’s transparency, information major Australian crowdfunding platform. sharing and regulatory obligations. The digital Wave Swell has already secured more than version of the report is available on the CEFC 80% of the funding required for the King website. Island project and crowdfunding is expected to provide the remaining portion. 2017-18 Highlights: The CEFC set new records in the number and Investors can purchase shares in Wave Swell value of investment commitments in 2017-18, via this crowdfunding opportunity, benefiting delivering a heightened focus on some of the not only from any financial gains, but also nation’s toughest emissions challenges participating in the development of a new through our support for innovative projects, renewable energy technology that is expected technologies and investment partnerships to eventually make a meaningful contribution across Australia. to the world's energy mix. The minimum − In five years of investing, CEFC investment in this round is $480. commitments have contributed to clean energy projects Australia-wide, with a total CoFounder of Equitise, Chris Gilbert, says project value of around $19 billion. We have Wave Swell Energy is not only an Australian directly invested in more than 110 individual company at the forefront of technology transactions and financed more than 5,500 advancements, but one of the best smaller-scale clean energy projects through investment opportunities he’s seen. You can our partners. find more information on the investment − In the 12 months to 30 June 2018, the CEFC opportunity and the technology and King directly committed to 39 transactions, up Island project by clicking here. from 36 direct investments in 2016-17. Total new CEFC commitments in 2017-18 were $2.3 Source: Wave Swell Energy billion, up from $2.1 billion in the previous year. − New commitments in 2017-18 included $1.1 PROJECT NEWS billion in renewable energy, $944 million in Port Latta Wind Farm energy efficiency, $100 million in transport and $127 million in waste-related projects, Nekon Pty Ltd’s proposed Port Latta Wind demonstrating the diversity of our approach Farm in Tasmania declared not a controlled to finance and investment. action by the federal government. The project − Taking into account our full portfolio of has also achieved Circular Head Council and investment commitments since 2013, lifetime state government approvals. The wind farm cuts to greenhouse gas emissions of more will have seven turbines with up to 25 MW than 190 million tonnes of CO2-e are forecast capacity on a project site covering an area of (once funds are deployed and projects are approximately 656 hectares located across fully operational). three lots. Nekon is planning to start construction of the project in early 2019. In his Chair’s Report, Chair Steven Skala AO commented: “The CEFC has a clear charter to be a catalyst for investment in and financing
Page 9 (Click on relevant project links to go to online Project Database) of clean energy to achieve the long-term goal The 2017-18 Annual Report provides insights of decarbonising the Australian economy. We into the CEFC’s economy-wide investment are a global leader amongst institutions of our focus, as well as emerging trends in the clean type. Our methodology is to seek to crowd in energy sector. Details on the performance of private sector investment and engage capital the Clean Energy Innovation Fund, Sustainable markets to operate effectively in the private Cities Investment Program and Reef Funding energy sector. Program are also included.
“A record $2.3 billion in new investment Mr Learmonth added: “In the year ahead, we commitments were made during the year. will sharpen our focus on the emissions These investments include marquee projects impact of our investments – from the direct and highlight that decarbonisation can be carbon reductions of projects we finance, to achieved profitably and effectively right the indirect demonstration benefits of the across the clean energy sector – in renewable projects and companies we invest in, and our energy, energy efficiency, transport and increasing focus on biocarbon. While the pace waste-related projects. The types of of the clean energy transition varies from year underlying assets that attract CEFC to year, our investment pipeline is robust. We investment commitments are broad and look forward to expanding our work alongside touch all aspects of our national economy. market leading businesses, entrepreneurs and developers for the benefit of the Australian “This year has seen industry seizing the community.” challenges and opportunities offered by decarbonisation and accelerating its Source: CEFC consideration of emerging duties associated with carbon disclosure. The financial markets have also moved in this regard. The question PROJECT NEWS now is not one of direction, but of pace. This Northam Solar Farm means the CEFC will continue to have a The 10 MW Northam Solar Farm is being significant number of opportunities available constructed approximately 100kms east of in its investment pipeline.” Perth. Construction works are now well
advanced and the project remains on track to In his report CEO Ian Learmonth said: “Much commence commercial operations in the last has changed since the CEFC began investing in quarter of the 2018 calendar year as 2013. From our early days largely focusing on previously communicated. All of the solar renewable energy opportunities, we now see modules and tracking systems are now our capital working right across the economy, installed, all four medium voltage substations in an increasingly diverse range of projects. and inverters are installed and grid
connections works is complete. Site “We see clean energy technologies embraced acceptance testing is also well progressed by home owners and small businesses; ahead of project commissioning. essential infrastructure projects and landmark property developments; innovative start-ups and institutional investors with an eye to a sustainable future.
“In 2017-18, our most active year of investment, we see a common thread in this activity: a focus on embracing technological innovation to cut energy costs and lower emissions.”
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Snowy Hydro signs game- Snowy Hydro’s existing hydro, gas and diesel assets give us the ability to ‘firm’ up vast changing deals amounts of intermittent renewable 1 November generation today to ensure energy is available Snowy Hydro announced the signing of eight when needed. wind and solar contracts today to provide cheaper energy to 500,000 households. In simple terms, ‘firming’ works by transforming intermittent energy into reliable The eight projects, totalling 888 megawatts energy so it’s available on-demand when a (MW), are located across New South Wales customer needs it. While the energy output of and Victoria and are expected to generate individual projects varies, Snowy Hydro’s about 2.8 terawatt hours of energy annually. power stations can work in combination with wind and solar, creating ‘firm’ reliable energy. The new renewable energy generation, ‘firmed’ by existing Snowy Hydro assets, is a Snowy Hydro owns Red Energy and Lumo game-changer and will push down future Energy, which together have more than one energy prices. This will bring on significant million customers. new energy supply and therefore much- needed competition to the market, and will Source: Snowy Hydro enable Snowy Hydro to pass on lower wholesale prices to our customers.
The renewable energy we have contracted Lightsource BP wins Snowy will enable Snowy Hydro to offer very Hydro tender competitive, firm wholesale prices (ie. the 1 November cost of the raw renewable energy plus the 105 MWp of solar power to be supplied via cost of ‘firming’) - for below $70/MWh for a Power Purchase Agreement (PPA) flat load, for up to 15 years. Lightsource BP, a global developer, owner and Snowy Hydro is a key provider of fast-start, operator of solar energy projects announced “capacity”-type products, and we keep the today that they have been successful in a bid lights on at times of high demand. However, to provide renewable energy to Snowy Hydro we are ‘energy short’ (meaning that we do in New South Wales via a solar PPA. not generate enough energy from own power stations to cover all of our customers) so we Snowy Hydro, a government owned entity have to purchase energy from the wholesale which owns, operates and maintains the market. We are one of the largest energy 4.1GW Snowy Mountains hydro scheme, is buyers in the NEM and, just like households, the fourth largest energy retailer in the we are exposed to high wholesale prices. National Electricity Market.
Over the last 12 months, there have been The Lightsource BP bid was one of eight rapid changes in the NEM and competitive projects to win across this tender and will take pricing across all generation technologies has the form of a ground-mounted solar seen the cost of renewables fall. installation that is fully funded, constructed and maintained by Lightsource BP, providing Snowy Hydro was overwhelmed with the level power to Snowy Hydro via a 15-year PPA. of interest in our Renewable Energy Procurement Program, which saw more than Adam Pegg, Lightsource BP Country Manager 17,600MW of projects submitted through the for Australia, says: “At Lightsource BP, we procurement process. All eight winning pride ourselves in offering global solar energy projects are expected to come online within solutions that are competitively priced to our the next two years.
Page 11 (Click on relevant project links to go to online Project Database) customers. Our success in this bid, reaffirms PROJECT NEWS that capability. This project will further Metz Solar Farm establish ourselves as a key solar developer, Clenergy’s 143 MW (dc) Metz Solar Farm, owner and operator across the Australian 18km east of Armidale in northern NSW, gains energy market.” full development approvals with the federal
government declaring the proposal not a Snowy Hydro’s CEO, Paul Broad, said it was controlled action under the EPBC Act. Metz great to sign a solar offtake agreement with Solar Farm will use Tier-1 solar panels and Lightsource BP. “Snowy Hydro’s Renewable SMA inverters. Clenergy has an RFP process Energy Procurement Program was massively underway to select the main EPC contractor. oversubscribed. More than 17,600 megawatts of projects were submitted through the The Metz Solar Farm received state planning competitive process and 888 megawatts approval in July 2017, AEMO and Transgrid across eight contracts were signed. Snowy grid-connection approval was secured in July Hydro selected those projects that offered 2018, and it’s anticipated the project will start competitive pricing and had credible construction in early 2019. It’s understood pathways to commissioning in the next few Metz Solar Farm was a successful applicant in years.” utility Snowy Hydro’s renewable energy
tender announced this week. David Windle, President for Solar Energy globally at BP said, “Next year marks 100 years of BP operations in Australia. Solar is one of the fastest growing sources of energy worldwide. We are excited that Lightsource BP is part of this growth and that, through Lightsource BP, we are extending our portfolio in the country to include renewable energy”.
Source: Lightsource BP
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