PROJECT TALLY (December) Number of projects = 491 - 213 Generating - 278 In Development

Total Capacity = 71,836.125 MW - 21,464.445 MW Generating - 50,371.68 MW In Development Project Updates Week ending 26 January 2018

Equis and Global Infrastructure NEW PROJECT Partners announce closing of Name: Clarke Creek Solar Farm Developer: Lacour Energy US$5.0 billion renewable Location: Clarke Creek, 150km south-west of energy generation acquisition Mackay and 30 km west of Ogmore in Queensland of Equis Energy LGA: Isaac Regional Council and Livingstone 19 January Shire Council Equis Pte. Ltd (Equis) and Global Capacity: Up to 400 MW Infrastructure Partners (GIP) announced today Description: The Project consists of four areas the closing of the previously announced sale containing solar arrays, including a 200MW by Equis of 100% of the equity interest in array in the north and a 200MW array in the Equis Energy to GIP and its co-investors, for an south, and ancillary infrastructure, plus three enterprise value of USD5.0 billion (including areas within which the substation, energy assumed liabilities of USD1.3bn). The net storage and ancillary infrastructure may be transaction consideration has been settled in located. Co-located with te proposed Clarke cash. Creek with a capacity of up to 877.5 MW. Headquartered in Singapore, Equis Energy is Contact: James Townsend the largest renewable energy independent Director power producer (IPP) in the Asia-Pacific region Tel: (08) 9321 6632 (APAC), with more than 180 assets comprising Email: [email protected] 11,135MW in operation, construction and development across APAC including Australia, Japan, India, Indonesia, the Philippines and Thailand. Development Approval for another large solar farm in the The transaction is the largest renewable energy generation acquisition in history and Fraser Coast positions GIP as a dominant renewable energy 20 January developer in the key OECD growth markets of The Fraser Coast and Wide Bay region will Australia and Japan, as well as across India soon have another very large solar farm with and South-East Asia. the Munna Creek Solar Farm project getting Development Approval from the Fraser Coast Source: Equis Council. The developer of this solar farm, REST Energy, is already registered in the National Electricity Market as an intending participant. CEO Mr Frank Wang said that the electricity connection work was also progressing well

Page 1 (Click on relevant project links to go to online Project Database) and on track for this $200 million project. “Adani Renewables’ vision is reliable, Negotiations with potential construction affordable electricity for all, including contractors have commenced. industry, as the energy mix changes to generate lower emissions. We aim to develop, The 120 mega-watt solar farm will have over own and operate renewable energy assets, 500,000 solar panels and cover an area of and we are proud to be developing a pipeline about 250ha. It will generate about 250,000 of projects here in Australia, with a goal to see mega-watt-hours of clean, renewable 1500MW of renewable energy added to the electricity each year and reduce greenhouse Australian grid by 2022.” gas emissions by over 200,000 tonnes of CO2 equivalent per year. It will produce enough With its first Power Purchase Agreement now electricity to meet the needs of about 30,000 in place, Adani Renewables is off to a strong Queensland homes and be roughly equivalent start. Dr Purdie says the Renewables business to removing over 50,000 cars from the road. suits Adani’s global position as a provider of resources, logistics and energy, and The project will give a jobs boost to the Fraser particularly complements Australian markets. Coast area, providing about 300 jobs during construction and about 10 full time jobs “Adani believes that Renewables make up a during operation. vital part of a balanced energy mix, and while For further information see: they are not the full solution, they are www.restweb.net certainly a part of the solution.”

Source: REST “With the cost of energy to industry currently rising, Adani Renewables believes the Australian energy industry and policy makers must reverse this trend so that Australia once Reliable, affordable electricity again has a competitive advantage through a globally competitive energy price. This is for all: Adani Renewables here certainly something we should be able to do to stay in time, through an appropriate energy mix, given the quality and diversity of Australia’s 22 January energy resources.” Adani Group has been named as one of the top 15 global and top 3 Asia Pacific developers The knowledge of how to develop and of solar power, in part due to their Australian operate a successful solar project is certainly solar projects through Adani Renewables. not new to the Adani Group, which owns and

operates the largest single-site solar plant in The list of global powerbrokers was released the world in Southern India. Adani also has an this month by Greentech Media, a branch of entire factory in India dedicated to producing research and consultancy group Wood 1.2 GW of solar panels every year to supply Mackenzie. India’s growing renewables market.

In 2018, Adani Renewables will begin Source: Adani Group construction on over 200 MW of solar projects to supply electricity to the Australian grid.

Adani Renewables CEO Jennifer Purdie says this year is looking promising as the company moves forward with significant projects based in Whyalla, South Australia, and Rugby Run near Moranbah, Queensland.

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Commencement of PowerAsia closes IPO for ASX construction at Granville listing Harbour Sydney-based PowerAsia’s prospectus seeking to raise $9mil through the issue of 45mil 22 January shares at $0.20 each, closed on 19 January. A re-elected Liberal Government has a target The company plans to be admitted to the ASX to make Tasmania energy self-sufficient with to start trading shares on 29 January. an additional 1000 gigawatts hours of on- island renewable generation by the end of PowerAsia’s foundation projects include the 2022. Page Solar Project in Mackay in Queensland,

for which it has signed an option deed to The development of the West Coast’s acquire from Bosso Holdings and Maggiolo Granville Harbour Wind Farm will be Holdings. The project was identified by the important to achieving this. State-owned Energy Queensland, given the

level of industrial growth in the Mackay area, Today marks the start of construction of the and the near capacity load on the Energy $280 million Granville Harbour Wind Farm. Queensland South Mackay sub-station. The

site was identified as a potential supplement Once completed, the wind farm will have 31 to the daytime peak load capacity. turbines providing 112 megawatts of capacity, enough to power more than 46,000 homes. A technical feasibility report confirmed the

site as both technically and commercially The project is expected to create around 200 viable. A development application was jobs during construction and about 10 on- approved by the Mackay Regional Council going jobs, which is a massive jobs boost for (MRC). Energy Queensland identified three the West Coast. 6.2MW AC connection points, and as the

proposed site will support 20MWp (DC), the Construction comes after Hydro Tasmania output can be comfortably accommodated via announced last year that it reached an in- the 18.6MW of AC connection. principle agreement with Westcoast Wind Pty

Ltd in relation to a power purchase Civil construction preparatory work has agreement. already commenced and subsequent to

receipt of the Energy Queensland connection In addition to Granville Harbour, construction offer, construction of the generation on in the Central application is expected to commence in Highlands is progressing, and Hydro Tasmania January 2018. is continuing with their $1 billion 10 year upgrade to facilities to increase generation by PowerAsia has also entered into a 250 GWh, which is enough additional Development Agreement with Dip Sabha generation to power over 30,000 Tasmanian Hydropower Pvt Ltd (DSH) for the homes. development and construction of the 10 MW,

A$26.5mil Sabha Khola A Hydroelectric Source: Tasmania Government Project in Nepal.

The PowerAsia board is comprised of

Chairman James Scott-Mitchell and directors Phil Pryor and Alan Gao.

Contact phone: (02) 8007 5505 Web: https://www.powerasia.energy/

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SolarReserve accelerates Investing in South Australia’s Clean Energy Future growth in South Australia with South Australia, the leading state for opening of Australian renewable energy in Australia, is positioned to become the leading state for solar energy and headquarters and field office dispatchable renewable energy in Australia. 22 January SolarReserve is committed to supporting SolarReserve, a leading worldwide developer South Australia’s goals which will attract of large-scale solar power projects and investment and build an exciting and growing advanced solar thermal technology, has new industry. The Aurora project along with opened two new offices in South Australia – SolarReserve’s future investment in the state its Australian headquarters in Adelaide will develop a supply chain that can be located at Level 5, 26 Flinders Street, and a leveraged across the broader region, create field office in Port Augusta located at 45 thousands of jobs for South Australians, and Commercial Road. With Australia identified as bring about a new age in clean, reliable and a priority market for the global organisation, affordable energy that’s fully dispatchable, SolarReserve’s Adelaide team will focus on day and night. delivering the Aurora Solar Energy Project as well as spearhead SolarReserve’s future Source: Solar Reserve projects in South Australia and the broader region.

“South Australia is leading the world in renewable energy technologies, and Renewables powers jobs, SolarReserve’s solar thermal power plant is investment in Western Downs one of the world’s most exciting projects,” 23 January said South Australia’s Premier Jay Weatherill. Large-scale projects are generating new “Port Augusta is a symbol of South Australia’s energy, new jobs and new investment in transition from old to new.” regional Queensland, with the Western Downs Regional Council hosting 10 proposed “We are targeting a large percentage of the projects. sourcing and services value for the Aurora project to come from South Australia in the The 10 solar farms and Cooper’s Gap wind construction phase, which will support an farm combined would support 3120 exciting new industry,” said Tom Georgis, construction jobs, $5.5 billion in investment SolarReserve’s SVP of Development. “The and 2.41 gigawatts of installed electricity Aurora project is part of a much bigger picture generation. for South Australia. SolarReserve hopes to build six solar thermal projects in the State Premier Annastacia Palaszczuk said the State over the next ten years, with our Australian Government was determined to achieve a headquarters in Adelaide serving as the 50% share of from development hub.” renewable sources by 2030, and the pipeline of projects – under construction, planned and The field office in Port Augusta will serve as a proposed – valued at more than $20 billion conduit for local workers and businesses to with the promise of 15,000 construction jobs. participate in the Aurora project and for SolarReserve to maximise local opportunities. “The impact on the Western Downs is very The Aurora team encourages the local significant," the Premier said. community to visit the new office to learn more about the project and discuss "The region’s unemployment rate is 4.8% - 1% opportunities. below the state average.

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"There is new investment and renewed Record year of investment optimism on the Western Downs.” means Australia’s 2020 Western Downs Regional Council Mayor Paul Renewable Energy Target will McVeigh said the visit was a chance to show the region was leading the way in jobs be met creation through its innovative pioneering of 23 January renewable energy. The Clean Energy Regulator has today released new information to the market that "We are immensely proud of what the shows Australia will meet the 2020 Western Downs is contributing to the Renewable Energy Target. Queensland and Australian economies, and having the Premier out here in the Energy The Regulator has previously said that to Capital of Queensland is an opportunity for meet the 2020 target of 33 000 gigawatt her to see this first hand," he said. hours of additional renewable energy, approximately 6000 megawatts of large-scale "This region is not only placed to support the generation capacity would need to be billions of dollars' worth of development announced and built between 2016 and 2019. being attracted, we also have the skilled workforce to fill the thousands of real regional Following a record level of investment in jobs being generated." renewable energy in 2017, Clean Energy Regulator Chair David Parker today said we’ve Minister for Natural Resources, Mines and reached a major milestone ahead of schedule. Energy Dr Anthony Lynham said renewables were a key plant of Government’s Powering “While announcements started slowly in Queensland’s Future Plan, and during last 2016, the momentum we saw in the later part year’s State election it committed to $151.6 of that year continued throughout 2017 and million in new investment for renewable has now reached a level that we believe will energy generation including: be sufficient to meet the 2020 target,” Mr Parker said. • $97 million for solar schools • $50 million down payment for a new solar Of the 6532 megawatts of new large-scale thermal power plant generation firmly announced since 2016, • $1 million study for renewable solutions for more than 4900 megawatts is fully financed, the Daintree with most already under construction or • $3.6 million to help decarbonise remote operating, while the rest is expected to begin communities construction early this year. A further 1600 megawatts of projects have a power purchase The Government also committed to establish agreement in place which we expect will a new publically owned CleanCo with a progress to financial close. Queensland will mandate to deliver 1000MW of renewable see the bulk of this new construction, energy with a focus on flexible dispatchable followed by Victoria and New South Wales. generation. “In 2017, more than 1000 megawatts of Source: Queensland Government renewable projects were completed and began generation, the biggest year ever for new build coming online,” Mr Parker said.

“We expect 2018 and 2019 to be even bigger, with each year having more than double the new build completed compared to 2017.”

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Of the firmly announced projects since 2016, “Research shows that a renewable energy solar makes up 46 per cent of the total new target of 50% could create 28,000 additional capacity. jobs nationally in 2030.

“Solar is an important emerging player in the “Australia is one of the sunniest and windiest energy mix, particularly on long summer days. countries in the world, so it’s no surprise that Over the next few years as more of these renewable energy is going gangbusters, with projects become operational they will make 2017 alone seeing more than $11 billion an increasing contribution to meeting peak dollars in investment, making Australia electricity demand,” Mr Parker said. seventh for clean energy investment in the world. Without Federal policy we could lose “There is still a long way to go on the journey that momentum.” to reach the 2020 target, but we believe it will be met due to the hard work and tenacity of “Fortunately, states and territories, such as the electricity sector, the renewables industry South Australia and Queensland are leading and those that have financed these projects." the charge when it comes to the rollout of large-scale wind and solar. While local Source: CER governments are also rolling up their sleeves in their own backyards.”

“Renewable energy and storage technologies RET: Australia can capitalise on are clean, affordable and reliable, compared to ageing, expensive and inefficient fossil renewables boom fuels. It’s no surprise that Australians are 23 January taking up renewables such as rooftop solar in With Australia on track to achieve its 2020 droves, taking control of their household Renewable Energy Target (RET), the Climate power bills.” Council is urging the Federal Government to keep up the momentum on clean energy. Climate Council Climate and Energy Analyst, Petra Stock said Australia’s clean energy The Clean Energy Regulator today confirmed potential needed to be supported through Australia is on track to meet its 2020 Renewable credible federal climate and energy policy. Energy Target of 33,000 GWh (about 23.5% of electricity generation), thanks to a record year “Australia has a bright renewable-powered for clean energy investment in 2017. future ahead. But we need effective policy in place to get us there,” she said. Climate Council CEO Amanda McKenzie called on the Federal Government to put in place “Unfortunately the Federal Government is stronger targets in a bid to drive further dragging its heels, with the proposed National investment and slash Australia’s rising Energy Guarantee (NEG) unlikely to drive new greenhouse gas pollution levels and tackle investment. climate change. A renewable energy target was first “Achieving our 2020 target ahead of schedule introduced 20 years ago by the Howard shows the value of setting and implementing government, expanded by states, and then renewable energy policy. However this the Rudd government. The RET has been growing industry now faces an investment critical to driving investment and growth in cliff with no Federal policy in place for the renewable energy nationwide. decade ahead, the Federal Government has an opportunity to really capitalise on this Source: Climate Council boom.”

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Work starts on power link for “We are working closely with APA to complete our construction works in March, with a view to energising the new 23 January transmission line in the second quarter of Construction is underway on the transmission 2018.” line that will connect APA Group’s $220 million Darling Downs Solar Farm to the APA Managing Director and CEO Mick state’s electricity network later this year. McCormack said APA continued to grow its investment in owning and operating Energy Minister Dr Anthony Lynham said significant energy infrastructure as part of its Powerlink had started construction for APA on growth strategy. a new 350 metre transmission line linking the 110MW solar farm to the existing Braemar to “The Darling Downs Solar Farm is part of Darling Downs transmission line. APA’s growing renewable infrastructure portfolio. As Australia’s leading energy The farm, about 45km west of Dalby, will be infrastructure business, we see investing in one of Australia’s largest when it starts renewable energy as key to supporting operating late this year. It will have around Australia’s transition to a lower carbon 400,000 solar panels installed over 250 economy,” Mr McCormack said. hectares, generating enough renewable energy to power up to 32,000 homes. Source: Queensland Government

“This important project is part of the renewable energy boom we’re currently seeing across the State, including in south west Queensland,” Dr Lynham said. 98MW Susan River Solar Farm and 75MW Childers Solar Farm “APA’s project is part of our $3.6 billion achieve financial close pipeline of committed renewable energy 23 January projects, which together will create almost ESCO Pacific and Elliott Advisers (UK) Ltd. 3000 jobs in regional Queensland. (“Elliott”) are pleased to announce the

successful financial close of the 98MW Susan “We are right on track to deliver on our 50 per River Solar Farm and 75MW Childers Solar cent renewable energy target by 2030, with Farm, both located in South East Queensland. the right mix of coal, gas and renewable Affiliates of Elliott will own 100% of the generation to maintain reliability and put projects, and are prepared to fund the downward pressure on electricity prices.” projects through to connection entirely with

equity. The Darling Downs solar farm is expected to create 200 construction jobs, with an Construction will now commence and is additional seven jobs supported as part of expected to take 9 months. The solar farms Powerlink’s grid connection works. are located in Bundaberg Regional Council

(Childers) and Fraser Coast Regional Council Powerlink Chief Executive Merryn York said (Susan River). Construction and O&M will be Powerlink’s grid connection work involved undertaken by Biosar Energy (through its constructing 350 metres of new transmission Australian arm), which has completed over line on three new transmission poles. 1.3 GW of installed capacity in 13 countries.

“This essential work will enable the renewable ESCO Pacific Managing Director and founder energy generated at the solar farm to be Steve Rademaker said: “Achieving financial delivered safely and efficiently to the National close on the sale of the 98MW Susan River Electricity Market,” she said.

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Solar Farm and 75MW Childers Solar Farm The construction of this level of firmly further demonstrates ESCO Pacific’s ability to announced renewable projects will lead to an take the lead in delivering significant projects investment of more than $12 billion which will to market. It is clear that Australian merchant support growth in the Australian economy. solar remains an attractive opportunity for experienced investors. ESCO looks forward to Queensland has the largest share of this new continue bringing jobs and growth to regional build with more than 2000 MW of capacity, Australia through its extensive pipeline of followed by Victoria with around 1600 MW highly advanced projects currently under and New South Wales with 1400 MW. development” One of the major shifts in the market, is the Key advisers huge increase in share of large-scale solar. In Advisers on the project included: the first 6000 megawatts committed under •Lennox Partners as financial adviser to ESCO the scheme, solar contributed only four per Pacific cent of the total. In the firmly announced •White & Case as ESCO Pacific’s legal advisers projects since 2016, solar now makes up 46%. •McCullough Robertson as Elliott’s legal advisers This will ensure significant additional •Grant Samuel as financial adviser to Elliott electricity supply is available in the market well ahead of 2020. Importantly, as outlined Source: ESCO Pacific in the Australian Energy Market Commission’s 2017 Residential Electricity Price Trends Report released in December, this extra supply is expected to apply downward Record $12b investment will pressure on wholesale electricity prices over the next three years. see RET met in 2020 23 January This year should see around 2600 megawatts The Clean Energy Regulator (CER) has today of new renewables projects commence announced that there will be enough operating which will further strengthen renewable energy projects built over the next reliability and reduce emissions in addition to three years to meet the Renewable Energy reducing electricity prices. Target in 2020. This additional supply is expected to lead to a The CER has previously said that to meet the reduction in large-scale generation certificate Renewable Energy Target approximately 6000 spot prices. These certificates are purchased megawatts of capacity would need to be by liable entities, mostly electricity retailers, announced and built between 2016 and 2019. to meet their renewable energy target This milestone has been surpassed ahead of obligations. schedule following a record level of investment in renewable energy in 2017. I want to acknowledge the support of the Clean Energy Finance Corporation and the Already, 4924 megawatts of the 6532 Australian Renewable Energy Agency to get a megawatts of capacity that has been firmly number of projects off the ground. announced is under construction or already Importantly, ARENA helped with the early operating, with the balance expected to be learning that drove down the deployment fully financed and under construction early costs of solar allowing it to be more cost this year. More than 1600 megawatts of competitive with wind. projects have a power purchase agreement in place which we expect will progress to Source: Federal Government financial close.

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Kiata Wind Farm to strengthen $1.6 million Garden Island Victoria’s energy network Microgrid Project milestone 24 January payment A new wind farm in Western Victoria will 24 January power more than 20,000 households as part Carnegie Clean Energy Limited (ASX: CCE) is of a jobs boom in Western Victoria with six pleased to advise that it has received a $1.63 projects underway or proposed in the area. million grant milestone progress payment

from the Australian Renewable Energy Agency These include Stockyard Hill, Lal Lal, (ARENA) for the Garden Island Microgrid Moorabool, Dundonnell, Murra Warra and the Project. The Project involves the construction – Stawell Nectar and installation of a 2MW solar PV array, a Farms. 2MW/0.5MWh battery energy storage system

and a control system. Minister for Energy, Environment and Climate

Change Lily D’Ambrosio today officially Carnegie has now received $2.3 million of a opened the $77 million project which total $2.5 million funding package from supported 100 construction jobs and three ARENA to support the Garden Island ongoing jobs in the region. Microgrid Project. ARENA’s funding package

for the Project is comprised of $700,000 grant Kiata’s nine towers were made by Australia’s funding and $1.8 million of convertible note largest wind tower manufacturer Keppel funding. Prince. It is one of four large-scale, renewable energy generators for Victoria — the others Carnegie will now issue $1.6 million in being the 132MW Mount Gellibrand wind convertible notes to ARENA. The ARENA farms and the 100MW convertible notes will prima facie be and 38MW . unsecured debt with 0% interest over a 6 year

term and can be converted by ARENA to The Renewable Certificate Purchasing ordinary shares in Carnegie at a conversion Initiative supports the Labor Government’s price of $0.053 per share. The final $200,000 renewable energy and climate change targets in convertible notes will be issued to ARENA by bringing around 300MW of new renewable upon commissioning. energy generation into the grid – driving down prices and helping secure our energy Construction of the frames and solar panels is supply. now complete as is the installation of the

battery energy storage system, inverters and Wilson Transformer Company – the largest transformers. Work now moves to completion Australian-owned and based manufacturer – of cabling, testing and commissioning. supplied the transformers for the farm, supporting local manufacturing jobs at its two Source: Carnegie Clean Energy manufacturing facilities in Glen Waverley and

Wodonga.

Victoria’s Renewable Energy Target will see an estimated $9 billion of investment and around 11,000 jobs created over the life of the scheme. These projects are the next step in helping our Government achieve its renewable energy targets of 25% renewable energy production by 2020 and 40% by 2025.

Source: Victoria Government

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Kiata Wind Farm officially “The team from Windlab and Vestas should again be congratulated for delivering the opened by Victorian Minister project just a few days later than planned and for Energy well under budget.” stated Roger Price, 24 January Executive Chairman and CEO of Windlab Windlab Limited (ASX: WND) today Limited. “With exposure to the merchant announced that the 31MW Kiata Wind Farm electricity market over the summer period we in western Victoria was officially opened by look forward to the project delivering strong the Honorable Lily D’Ambrosio, Victorian economic performance across the first few Minister for Energy, Environment and Climate months of operation.” Change. The opening ceremony was attended by project staff, landowners, and many of the Source: Windlab project’s local community shareholders, who received equity under Windlab’s pioneering community shareholding model. CEFC finance for largest solar The project recently achieved full commercial operations, following a successful phase of farm in NSW expands regional commissioning and performance testing solar belt during November and December 2017. Even 24 January though under commission conditions during The CEFC is supporting the expansion of the this period Kiata was among the best emerging solar generation belt in regional performing wind farms, measured by capacity New South Wales, committing $30 million in factor, operating across the National debt finance to what will be the state’s largest Electricity Market. solar farm. The 150MW (AC) Coleambally Solar Farm is being developed by Neoen Kiata is located near Nhill and comprises 9 Australia. Vestas V126, 3.45MW wind turbines at a hub height of 117M. It is the first project NSW has the largest electricity demand in supported by the Victorian Government’s LGC Australia, however, it has a relatively low procurement scheme to be completed. Under penetration of large-scale solar generation. this arrangement the wind farm sells most of During the past 12 months, the CEFC has the LGCs generated from the project to the worked with developer Neoen Australia to Victorian Government under a fixed price 5- accelerate large-scale solar capacity in year contract, with a 5-year option. Kiata was regional NSW, providing debt finance for four connected to the electricity network in early projects that will deliver an additional 260MW November and has sold all electricity into spot (AC) of renewable energy capacity. merchant market since that time, achieving prices well in excess of the projects original “We are pleased to support Neoen’s feasibility model forecasts. All electricity investments in the construction of new solar generated is expected be sold on the same generation in New South Wales. As well as basis. driving lower emissions and regional employment, these investments are delivering Windlab owns 25% of Kiata and will receive its renewable energy to large population share of project distributions beginning in the centres,” CEFC Large-Scale solar lead Monique first half of 2018. Windlab also holds an asset Miller said. management agreement with Kiata Wind Farm Pty Ltd. The contract commences on the The Coleambally Solar Farm is five kilometres Commercial Operations Date and runs for 5 north east of Coleambally, and 70 kilometres years, with a 5 year extension option. south of Griffith. The development is part a

Page 10 (Click on relevant project links to go to online Project Database) growing stable of NSW solar projects power more than 50,000 homes, while developed by Neoen with CEFC finance. abating about 300,000 tonnes of carbon emissions annually, the equivalent of taking The CEFC has provided a further $150 million 90,000 cars off the road. The project has in debt finance to Neoen solar farm contracted 70 per cent of its output to developments in Dubbo, Griffith and Parkes. EnergyAustralia. The Griffith and Parkes solar farm projects are now fully built and are undergoing The Coleambally site was chosen after a commissioning, exporting increasing amount feasibility assessment confirmed there was an of renewable electricity into the national abundant solar resource at the location, electricity grid as commissioning progresses. which also boasts an existing electricity Full-scale commercial operation is expected to substation with grid connection capacity. Up be achieved before the end of February. to 300 workers are likely to be employed during the construction phase, which is Neoen Australia’s Head of Solar Development expected to take around nine months. Chris Leonard said: “Neoen is pleased to have achieved financial close on the Coleambally CEFC investments in large-scale solar are Solar Farm, working with CEFC and other accelerating the development of more than financiers NORD/LB and KfW Ipex. We would 1.3GW of renewable generation capacity like to thank them for their commitment to across NSW, Queensland, Victoria and WA, Australia’s clean energy future and Australia’s which in turn have contributed to the renewable energy sector.” significant improvements in knowhow, costs and technologies for the Australian solar The Coleambally Solar Farm will consist of sector overall. about 565,000 solar panels on 550 hectares. It is expected to generate enough electricity to Source: CEFC

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