PROJECT TALLY (October) Number of projects = 451 - 210 Generating - 241 In Development

Total Capacity = 60,821.7 MW - 21,450.97 MW Generating - 39,370.73 MW In Development Project Updates Week ending 17 November 2017

Green energy plant plant using the high-precision, custom- manufactured components that have arrived components landed in Cairns and others that are on the way,” he said. 10 November Key components for MSF Sugar’s $75 million “It is exciting to see the plant taking shape. green energy plant have landed in Cairns en- This is the first stage of our green energy route to their final destination at the pipeline and heralds a new era for the far Tableland Mill. north Queensland sugar industry.”

Among the shipload of 276 individual items is Ports North chairman Russell Beer said this the steam turbine and generator package for latest project out of the Port of Cairns the power plant, which at $18 million is the reaffirmed its importance as a major cargo largest single investment item for the hub for far North Queensland. cornerstone project. “Ports North has secured major contracts The HR Endeavour docked into Cairns on throughout 2017 by promoting and building November 5 and took several days to unload, the port’s capabilities, with new facilities such with the operation finishing today. as the windfarm component lay down area,” he said. Power plant project manager Mark Magnanini said the items would now be road transported Panalpina World Transport project to the construction site across two to three development manager Andrew Chatto said weeks. 800,000kg, or 800 metric tonnes, of cargo had been discharged from the ship. “The bulk of the shipment will use normal road freight transport and the logistics will be “This is a significant project. There are handled by the principal contractor for the multiple people involved and multiple project, ThyssenKrupp,” he said. contractors involved – most of them local – so it’s a fantastic opportunity for the region,” he “The process will have minimal impact on said. road users as components will be transported outside of peak times.” Construction of the new green energy power plant started in May this year at the Arriga Mr Magnanini said the arrival of the site, west of Cairns, and is on track to be components was a significant project completed by July 2018. milestone. Once operational, the power plant will use a “With the major civil works completed, our 100 per cent renewable sugarcane fibre, attention now turns to construction of the known as bagasse, to produce 24 megawatts of electricity – enough to power every house and generating economic opportunities in in the Tableland region. regional parts of the state,” Mr Thornton said.

Fast Facts: “Along with the state’s strong renewable •276 high-precision, custom-manufactured energy target of 50 per cent by 2030, the new components were shipped on the vessel HR pledge of $50 million for a solar thermal Endeavour from Mumbai and Chennai in India power plant and almost $100 million for solar to Cairns, arriving into the port on Sunday 5 panels in schools will help to accelerate a 21st November century energy system for the sunshine state. •The cargo, which weighed a total of 800,000 Funding to help remote communities kilograms or 800 metric tonnes, was decarbonise is also very welcome, along with discharged from the vessel over three investigating the feasibility of a battery mega- consecutive days factory in North Queensland. •The components will be transported by road to MSF Sugar’s Tableland Mill over a three “ is now the cheapest and week period, with approximately five loads cleanest option for new energy generation transported per day (75-80 loads in total) and, when combined with energy storage, it can do everything fossil fuels can – except Source: Industry Queensland much more flexibly and without the pollution,” he said. Link to AltEnergy project database: Tableland Sugar Mill Power Station Mr Thornton welcomed the Liberal National Party’s renewable energy election commitments to date, but said the idea of building a new coal plant in North Queensland Sunshine State shining brightly simply doesn’t make sense. for renewable energy as “Renewable energy with storage is now election nears cheaper than new coal, and the reality is that any new coal plant will take at least seven 13 November years to be built if everything goes smoothly. The Queensland Government’s election However, there are some good ideas in the pledge for new renewable energy and energy LNP’s energy policy to streamline approvals storage funding on the weekend will further for renewable energy projects and introduce build on its strong record of encouraging clean more efficient regulation,” he said. energy jobs and investment in the state,

Australia’s renewable energy industry said “We have to get smarter to deal with power today. bills, and that means more renewable energy,

more flexible energy storage, better demand Clean Energy Council Chief Executive Kane response and other enabling technology that Thornton said the renewable energy and can help us use our energy more efficiently storage industry had invested strongly in when it is most needed.” Queensland over the last few years, and a large part of that is due to the supportive Source: Clean Energy Council environment which has been created for business.

“Queensland has led the nation in rooftop solar panels for years, and the many big wind and solar projects which are underway across the state are employing thousands of locals A head of steam on Resource consents for a period of 35 years granted in July 2017 provide the certainty to geothermal power station support the major investment required. expansion 13 November Mr Shaw describes the expansion of the It’s full steam ahead for the expansion of the geothermal power station as one of the most Ngawha geothermal power station following significant projects to be undertaken in the major transaction approval from the Top Far North, which could ultimately secure the Energy Consumer Trust and Top Energy Board. region’s energy independence.

Top Energy Chief Executive Russell Shaw says Source: Top Energy this was the final hurdle the company had to pass to commit to a construction programme to expand the station to 53MW by June 2021. RCR preferred contractor for Bank funding has been secured for an estimated total project cost of $175million. the Clermont and Wemen The company is keen to retain local ownership Solar Farm projects with by using bank funding. While constraining the combined value 0f $260m company’s capital expenditure in the short 13 November term the investment will ensure benefits from Diversified engineering and infrastructure this project are retained for the people of the company, RCR Tomlinson Ltd (ASX: RCR), is Far North. pleased to announce that it has been selected

as the Preferred EPC Contractor for two major Mr Shaw says with the major transaction contracts, totalling approximately $260 approvals, Ngawha Generation Ltd can get the million for the Engineering, Procurement and construction programme fully underway. Construction (“EPC”) and Operation and

Maintenance (“O&M”) for the 75MWac Initial tenders for civil works have been Clermont Solar Farm and the 88MWac awarded with some construction activity , being developed by already underway on the Ngawha site; well International renewable energy company, drilling will start in early 2018. Wirsol Energy Ltd (part of the WIRCON

Group). Mr Shaw says by September 2018 the company will confirm whether there is a The EPC and O&M Contracts for these two viable geothermal resource to support the solar farms are currently being negotiated and expansion. are subject to financial close, which is

expected to be completed on or about 24 Once this is clear, he says, “we expect to November 2017. finalise the contracts for the transmission connection, the supply of the station and the Subject to final contracts, RCR’s scope of work fluid conveyance system, to be on target for a will include engineering, procurement, 2021 commissioning”. construction and commissioning of the Solar

Farms. Once commissioned, RCR will provide Mr Shaw says it has been a long and O&M services for an initial period of 2 years, convoluted road to get to a point where the with various option terms for up to a further company is confident the project will be able 13 years. to proceed.

The Clermont Solar Farm is located in Rockhampton, Northern Queensland and the Wemen Solar Farm is located in Wemen, the sun might not be shining, or the wind Victoria. blowing.

RCR Managing Director & CEO, Dr Paul Importantly, a new solar thermal power plant Dalgleish said “We are very pleased to will mean manufacturing and operational jobs continue our strong relationship with Wirsol in the regions. It also means that Queensland to deliver these two large-scale solar energy will be able to start running on solar power projects. We are now supporting Wirsol in the even at night – truly turning the Sunshine development of over 200MWac of renewable State into the Solar State. energy solar projects. Link to Queensland Labor Party’s full Wirsol are a leading project developer of renewable energy policy here. sustainable energy projects in the UK, Netherlands, Spain, France, and Germany, and Source: Queensland Labor Party the largest developer of Solar projects in Australia.

We continue to see significant opportunities PROJECT BRIEFS in the rapidly evolving renewable energy Development proposal for Esco Pacific’s sector. planned 60 MW Mirani Solar Farm in northern

Queensland rejected by Mackay Regional I am also delighted with the continued growth Council on the following grounds: “Due to in our order book in FY18 and we remain concern regarding the loss of Good Quality preferred on a number of additional Agricultural Land (GQAL) and the fact that an renewable energy projects that will support over-riding need to place the facility on GQAL our growth in FY18 and into FY19”, said Dr land has not been demonstrated.” Dalgleish.

Katherine Solar Pty Ltd filed an application for Source: RCR Tomlinson a generation license associated with its 25

MW AC solar photovoltaic facility (32MW DC) Link to AltEnergy project database: Clermont to be constructed at a site approximately 5 Solar Farm and Wemen Solar Farm km of Katherine, near the Stuart Highway. All

generation output from the facility will be

exported via a direct connection to Power &

Water Corporation’s 132 / 22kV Katherine Solar thermal for Queensland Zone Substation. The project secured a (Excerpt from Queensland Labor Party’s development permit in February this year and renewable energy policy) is targeted for construction in 2018. Katherine As part of our commitment to deliver at least Solar Pty Ltd is 50% owned by Epuron Projects 1,000MW of new renewable generation we Pty Ltd and 50% owned by IGP Solar PV Plant will also commit up to $50 million in capital Number 3 Limited (Island GP). funding towards the development of a concentrated solar thermal plant with storage, providing clean baseload power for Queensland.

Solar thermal power generation allows heat from the sun to be stored until it is needed to generate and supply power to the grid, including evening and morning peaks when CETO 6 design update CEFC finances new milestone 13 November in energy storage in a South  More powerful CETO 6 design release  US Patent granted for new design Australia energy project  New CETO 6 design to be deployed 13 November first at Albany Wave Energy Project Australia's energy storage transition is on Carnegie Clean Energy Limited (ASX:CCE) is track to meet an important new milestone, pleased to provide an update on the latest with the CEFC announcing finance that design developments to its commercial includes the first unsubsidised large-scale prototype, the CETO 6 unit. CETO 6 is the grid-connected battery, alongside a greenfield most advanced wave energy device globally. It wind development. builds on Carnegie’s decade long development of CETO, and over the past two The CEFC has committed $150 million in debt years, incorporates internal and external finance to stage one of the Lincoln Gap wind collaboration as well as significant time and farm, in South Australia's Port Augusta region. resource investment to make a step change in The CEFC financing facility includes finance performance. towards a 10MW battery energy storage system, capable of producing up to 10MWh of The CETO 6 design builds on intellectual fast response storage capacity. property first lodged by Carnegie in 2013 incorporating onboard power generation and The 212MW Lincoln Gap project, being multiple moorings and power take off (PTO) developed by Nexif Energy Australia, will modules. The associated US patent, granted produce enough electricity to power around on the 6th of November, 2017, confirms the 155,000 homes. Stage One of the project is a additional features as state of the art. $300 million, 126MW development.

These features boost power production and "This project demonstrates how we can move unit efficiency however also introduce to the next phase of the clean energy additional complexity. Carnegie took a transition, delivering a cleaner, reliable and conservative development path to affordable energy supply, by incorporating the progressively introduce these features latest technology at the greenfield through its CETO 5 generation and only now development stage to create a stronger, more with CETO 6, will these features be integrated grid," CEFC wind sector lead incorporated for the first time. Andrew Gardner said.

The new CETO 6 unit will have a nominal "Large-scale battery technology is developing capacity of 1.5MW up from 1MW for the rapidly, and we expect costs to fall previous design. This capacity will vary in significantly, as we have seen with wind and accordance with the specific site conditions solar. This is the first development project in for each project and the specific design Australia which has been able to secure debt tailored for a project site. The increase in finance for a grid-connected large-scale energy production over the previous single battery component on a non-subsidised basis. moored CETO 6 unit design results in a more It provides an important financing model for cost competitive unit able to compete with other developers and investors wanting to be other mainstream renewable technologies, at the forefront of closer integration of once it is manufactured in high volumes and renewables into the grid." incorporated in large projects. Bloomberg New Energy Finance (BNEF) Link to full announcement here. forecasts Australia will have more than 29,000MW of flexible capacity installed by Source: Carnegie Clean Energy 2040, including both large-scale and small- scale batteries and demand response speeds to enable optimised load management capability. This growth will support better even in challenging wind conditions. management of variable generation as lower cost renewables become an increasingly Senvion Australia CEO and Managing Director important part of the electricity mix. Raymond Gilfedder said: "This is a significant milestone for Senvion and we are very excited The 10MW Lincoln Gap battery will about introducing the Senvion 3.6M140 complement other large-scale battery turbine to Australia. This technology is very projects in South Australia, including the well suited to the Australian market, and will 30MW battery being built by ElectraNet on ensure that the will continue to be the York Peninsula and the 100MW Tesla a high performing asset for the coming battery being built by Neoen near Jamestown. decades." Together, these projects will provide a significant amount of frequency response ERM Power Managing Director and CEO Jon services to the South Australian grid. Stretch said: "Reducing emissions from the electricity sector is an important part of a The Lincoln Gap project is expected to be long-term plan to reduce greenhouse gas operational from mid-2018. It has secured emissions, and ERM Power is committed to two long term Large Scale Generation supporting the growth of renewable sources Certificate (LGC) agreements with ERM Power of energy in Australia. As well as supporting and a long-term electricity offtake agreement new sources of renewable energy, ERM Power with Snowy Hydro. It will feed into the champions the use of smart energy solutions national electricity grid via the Electranet which help customers reduce their transmission network. consumption and enhance their sustainability goals." Zeki Akbas from Nexif Energy Australia said construction of the wind farm, 15 kilometres Paul Broad, CEO of Snowy Hydro, said the west of the Spencer Gulf town of Port company was pleased to support the Augusta, was expected to begin by the end of development of the November. through signing a long-term electricity offtake agreement. "Nexif Energy has worked meticulously to develop a highly productive, innovative and "This agreement expands Snowy Hydro's practical renewable power model which is energy footprint in South Australia, now attractive to investors because of the real and encompassing wind, solar and diesel peaking sustainable benefits it will bring customers capabilities in the State," Mr Broad said. and communities," Mr Akbas said. The CEFC's South Australian investment "We are pleased to include grid-scale battery follows its recent $94 million investment in storage as an essential part of the wind farm Australia's first fully integrated wind, solar investment and were happy to receive strong and battery project, at the Queensland support and encouragement from the CEFC as Kennedy Energy Park. our investment partner. With the scalable battery storage at Lincoln Gap we will be able Mr Gardner added: "Australia's energy mix to offer more flexibility to the national grid requires higher levels of clean energy if we and improve the reliability of the system." are to meet our Paris emissions reduction commitments. Harnessing flexible capacity, The project will feature the first turbines from better demand management systems and Senvion's flagship 3.XM range to be installed increased storage capacity in renewable in Australia. The Senvion 3.6M140 EBC turbine energy projects such as Lincoln Gap and is designed for moderate and strong wind Kennedy are an important contributor to building a stronger, more secure electricity “As a new, independent participant to the system. Australian market, we are excited to implement an innovative contracting strategy "We expect investors will be increasingly that will not only provide renewable power to attracted to such large-scale hybrid renewable thousands of Australian homes but also energy projects as the next wave of optimise the use of grid-scale battery storage investment and technological innovation. By on a commercial basis,” said Matthew Bartley, financing these integrated generation and a Founder and Co-Chief Executive Officer of storage projects, the CEFC is demonstrating Nexif Energy. “We value the support of all how Australia can continue to increase our project stakeholders who have worked with renewable energy capacity, while providing us along the way to achieve this important the important ancillary benefits necessary for milestone.” grid stability and security." Lincoln Gap will be constructed under the Source: CEFC terms of a turnkey contract with Senvion Australia and is expected to begin operation in Q1 2019. The Clean Energy Finance Nexif Energy achieves financial Corporation (CEFC) will act as financier, lending up to A$150M (US$115M) for close on first stage of the construction of the first stage of the wind 212MW Lincoln Gap Wind farm and Investec has provided facilities totalling A$39M (US$30M) for working capital Farm in Australia and letters of credit. 13 November Nexif Energy, an independent power producer “We are committed to becoming a leading in Australia and Southeast Asia, has regional independent power generation announced that it has reached financial close company and are striving to achieve this by for the first stage of the Lincoln Gap Wind briskly executing on our active projects in Farm in Australia. Australia, Vietnam and other markets such as Thailand, Bangladesh and the Philippines,” Located near Port Augusta in South Australia, added Surender Singh, a Founder and Co- the Lincoln Gap Wind Farm project’s 126 Chief Executive Officer of Nexif Energy. “We megawatts (MW) first stage involves the are also seeking additional large-scale construction and operation of 36 wind investment opportunities in Asia-Pacific as we turbines, supported by innovative offtake continue to look toward the future.” contracts with Snowy Hydro and ERM Power. The full project, a 59-wind turbine farm, will Nexif Energy was formed in 2015 by produce 212MW, which is enough electricity independent power management company to power approximately 155,000 homes. The Nexif and global private equity firm Denham project will feed into the State’s electricity Capital. Nexif Energy’s equity commitment for grid via the ElectraNet transmission network. Lincoln Gap represents its largest investment to date. The project also includes installation of a utility scale battery system of 10MW, with “This is another landmark project for Nexif potential expansion capability to utilize Energy and builds upon prior Denham battery technology advancements. This will be investments in Australia. We are excited to one of Australia’s largest private sector- continue expanding Denham’s international initiated and owned grid battery systems not power investment footprint across the underwritten by a government contract or Australian and Southeast Asian markets with funded by government grants. the Nexif Energy platform,” said Denham Capital Director Saurabh Anand. “The region presents significant growth opportunities and diameter of 140 meters, which generates high we look forward to investing in more projects yields even at lower wind speeds. The rotor in the near future alongside Surender, blades feature the new Rodpack technology Matthew and their team.” ensuring a lighter blade design. The first prototype installation of the 3.6M140 EBC Source: Nexif Energy was completed in Husum, Germany, in September this year.

Senvion issued notice to The Lincoln Gap wind farm is located near Port Augusta, South Australia. The first 35 deliver 126 MW in South turbines installed will deliver 126 megawatts Australia of clean, renewable energy to Australian 13 November consumers. This stage of the project will be Senvion, a leading global manufacturer of operational by the third quarter of 2018. wind turbines, has been issued notice to Work is already well advanced on the early proceed under a contract to install the first 35 works for the remaining 24 turbines turbines of the 59-turbine Lincoln Gap wind comprising the second phase of the Lincoln farm in South Australia. Gap development. When complete, the Lincoln Gap wind farm will produce enough The Lincoln Gap wind farm will feature the energy to power 155,000 households in South Senvion 3.6M140 EBC turbine, which will be Australia. The Clean Energy Finance the first from Senvion’s three-megawatt range Corporation is the financier for the project, to be installed in Australia. Senvion first and Nexif Energy is providing the equity. announced it had a conditional contract in Senvion worked closely with Nexif Energy to place to deliver over 300 megawatts (MW) of support achievement of financial close. wind energy for Nexif Energy for the Lincoln Gap wind farm in South Australia and the Glen Srinivas Rao, Executive Vice President Projects Innes wind farm in New South Wales in and Operations of Nexif Energy said: “We are February 2017. pleased to be working with Senvion on our first wind project in Australia and we Raymond Gilfedder, CEO and Managing appreciate the support of Senvion in the Director of Senvion Australia said: “This development of local industry and community effective contract for the installation of the engagement strategies.” first 35 turbines at the Lincoln Gap wind farm is a significant milestone for Senvion. It also Zeki Akbas, CEO of Nexif Energy’s Australian marks the introduction of the Senvion business said: “Senvion has been a valuable 3.6M140 turbine to Australia. This technology partner in the progression of the Lincoln Gap is very well suited to the Australian market, wind farm through development, and has and will ensure that the wind farm will provided valuable support as we worked to continue to be a high performing asset for the optimize the contracting program.” coming decades.” Source: Senvion Australia The Senvion 3.6M140 EBC turbine is one of Senvion´s biggest onshore turbines designed Link to AltEnergy project database: Lincoln for moderate and strong wind speeds. The Gap Wind Farm new turbine is equipped with the innovative load-reducing pitch control system Eco Blade Control (EBC) technology enabling optimized load management even in challenging wind conditions. The 3.6M140 EBC also features a newly designed steel tower and a larger rotor Major milestone clears the another key step in paving the way for the construction of the 144MW wind farm. way for Wild Cattle Hill windfarm construction The agreement represents a significant 14 November commitment from TasNetworks and The Wild Cattle Hill windfarm has passed Goldwind. In addition to delivering local another major milestone today, with benefits to business and the community, the TasNetworks and the proponent, Goldwind construction of the large-scale wind farm will Australia, signing the connection agreement also contribute to Tasmania’s energy security that will underpin the project. and increases the State’s on-island renewable energy generation capacity by more than 5 Part of our Tasmania First vision for energy is to per cent. develop more renewable generation here in Tasmania to help deliver lower prices, and this “This is a key milestone for the project and project is a key part of our vision for the State. highlights the strong working relationship that exists between TasNetworks and Goldwind” In the short-term, the project will see $300 said TasNetworks Chief Executive Officer, million invested, create 150 jobs during Lance Balcombe. construction and will see many local contractors and businesses benefit along the way. “We’re very excited to be involved which such a great project and look forward to working In the long-term, the windfarm will generate with Goldwind during the construction phase 144 MW, enough energy to power over over the coming months” Mr Balcombe said. 60,000 homes and increase wind generation capacity in Tasmania by nearly 50 per cent. “Goldwind is pleased to be partnering with TasNetworks to successfully achieve the The Hodgman Government is seizing every Connection Agreement for Cattle Hill. We opportunity to boost renewable energy have found the TasNetworks team to be very generation and we have set ambitious targets professional and capable.” said Goldwind’s to make Tasmania not only powered by 100 Managing Director, John Titchen. per cent renewable energy by 2022, but also to have the cheapest power prices in the “The project is located adjacent to nation. TasNetworks’ large Waddamana Substation, it will deliver a significant addition to the Source: Tasmania Government Tasmanian power supply and provide significant opportunities for Tasmanian businesses and the community. We are aiming to complete construction in 2019” Mr Titchen said. connection agreement The construction of the wind farm, consisting finalised of up to 49 turbines, is scheduled to 14 November commence in early 2018 and is expected to TasNetworks and Goldwind have today signed create 150 jobs during construction and the Connection Agreement for the Cattle Hill employ up to 10 permanent maintenance wind farm project in Tasmania’s central staff when fully operational in 2019. highlands. Source: Goldwind The Connection Agreement sets out the terms and conditions through which the wind farm Link to AltEnergy project database: Cattle Hill is able to successfully connect to Wind Farm TasNetworks’ transmission network and is Renewable energy auction to Tasmanian tech drives drive jobs and investment renewable Rottnest 14 November 16 November The Andrews Labor Government is holding the Hydro Tasmania’s innovation and technology largest-ever renewable energy auction to is again leading the way to a clean and reliable boost investment, create new jobs and drive future. down electricity prices. Rottnest Island, off the Western Australian Minister for Energy, Environment and Climate coast, is now almost half renewably-powered Change Lily D’Ambrosio today opened the thanks to the Water and Renewable Energy competitive reverse auction that will deliver Nexus Project (WREN). up to 650 megawatts (MW) of large-scale renewable energy for Victoria. The initiative was officially launched today. The partnership between Hydro Tasmania, Companies with an existing planning permit to the Australian Renewable Energy Agency build a renewable energy facility can now bid (ARENA) and the Rottnest Island Authority for 15-year Support Agreements with the (RIA) significantly reduces the island’s Victorian Government. dependence on diesel generation.

These long-term contracts will create Hydro Tasmania’s Hybrid Energy Solutions investment certainty to build new energy team has installed a 600 kilowatt solar array generation projects and reduce wholesale to complement the island’s existing 600kW electricity prices. wind turbine. Its hybrid control system and enabling technology will manage the variable The auction is expected to drive up to $1.3 mix of wind, solar and diesel power. billion in new capital expenditure, create 1,250 construction jobs and 90 on-going roles. The new power system will make Rottnest Most of the new jobs will be created in Island 45 per cent renewably-powered on regional Victoria where wind and solar average (factoring in the current wind power projects are likely to be based. component), and up to 95 per cent renewably-powered at times of high wind and The auction has been designed to bring solar generation. By integrating solar and forward projects that achieve the highest wind generation with the desalination plant standards of community engagement, benefit and water storage facilities, spare energy can local economies and represent value for also be used to create clean drinking water. money. An app called “Rottnest Island Water and The Victorian Renewable Energy Targets will renewable energy nexus” can be downloaded ensure 25 per cent of the state’s electricity for both Apple and Android, providing real- generation comes from renewable sources by time power usage and educational materials. 2020, and increasing to 40 per cent by 2025. Details of the tender process can be found at Hydro Tasmania’s Hybrid Energy Solutions tenders.vic.gov.au. team, led by manager Ray Massie, are international leaders in helping remote Information sessions will be held from late communities make the switch to reliable clean November. To register, visit energy systems. energy.vic.gov.au/renewable- energy/victorian-renewable-energy-auction- “This is ready-made Tasmanian technology scheme. making remote Australian communities more sustainable and affordable,” Mr Massie said. Source: Victoria Government “That’s obviously crucial for a beautiful place ReNu Energy signs Heads of like Rottnest Island that’s very dependent of tourism. We’re proud to be making a Agreement for 7.4 MW DC difference, and confident there’s much more solar farm innovation and potential to come for this 17 November world-leading technology,” he said. ReNu Energy Limited (ASX: RNE) is pleased to advise that it has signed a Heads of The King Island Renewable Energy Integration Agreement to develop a 7.4 MW DC (4.99 Project has already transformed that MW AC) solar farm. community from being 100 per cent reliant on diesel power to about 65 per cent renewably Highlights: powered, on average. A similar project is • Heads of Agreements for the development nearing completion on Flinders Island. of the Boggabilla solar farm and a long term site lease Source: Hydro Tasmania • Exclusivity to complete due diligence and to negotiate and enter into a Development Agreement and a Lease Option Agreement NEW PROJECTS • Project capital cost estimated at $9 million Gold Coast Solar Farm to $10 million including development fees. Location: Ormeau, northern Gold Coast Capital will not be committed until the project Capacity: 5 MW reaches financial close, including securing Developer: Ormed Investments funding Description: To be constructed on 203ha site • Target equity IRR of 11% after debt and adjoining Gold Coast railway line with target 10 year equity yield greater than 12% provision for battery storage in up to 40 X • First of a number of near term projects 12m shipping containers. Potential for up to being evaluated and a significant step towards 100 MW plant built in stages. positive operating cash flow Contact: • VivoPower Alliance Agreement delivering Flan Morley assets to ReNu Energy Partner Urban Systems ReNu Energy has signed a Heads of Email: [email protected] Agreement (Development HoA) with Kinelli Pty Ltd (Kinelli) for the development of a 7.4 Batchelor Solar Farm MW DC (4.99 MW AC) solar farm located near Location: Batchelor, NT Boggabilla in northern NSW (the Project). The Capacity: 10 MW opportunity was introduced to ReNu Energy Expected cost: $16mil by VivoPower under the VivoPower Alliance Developer: Rimfire Group Agreement. Description: Plant to be built on 12ha of land and connected into the Darwin-Katherine The Development HoA provides ReNu Energy grid. with an exclusivity period of 90 days to Contact: conduct due diligence and to negotiate and Michael Allen enter into definitive legal agreements. ReNu Managing Director Energy has also signed a separate Heads of Rimfire Group Agreement with the land owner for an option Tel: (08) 8943 0650 to lease the land for the Project for a period Email: [email protected] of 25 years with two 5 year options.

ReNu Energy CEO and Managing Director Mr Chris Murray said, “The proposed Boggabilla Solar Farm is an exciting opportunity for ReNu Energy to expand its portfolio of renewable or forward sold subject to prevailing market energy projects from 5.4 MW DC to 12.8 MW conditions. DC and will be a significant step towards our stated objective of achieving positive EBITDA ReNu Energy intends to fund the Project on a run rate basis in 2018. The opportunity through a combination of debt and equity. demonstrates the VivoPower Alliance ReNu Energy is working with specialist agreement at work and is one of a number of financier, Infradebt to finalise debt facilities projects in the near term pipeline. for a number of its solar projects and ReNu Energy shareholders recently granted ReNu Energy is pleased to have the approval for a capital raise to fund its growing opportunity to develop the project with Kinelli portfolio of energy projects. which has been involved in the development of a number of solar PV projects in Australia. Source: ReNu Energy The expertise gained in these projects significantly de-risks the Boggabilla Project”. Link to AltEnergy project database: Boggabilla Solar Farm The Project is expected to use approximately 27,000 solar panels in a fixed tilt configuration covering 10 ha. The solar panels will be linked to central inverter stations and the system will Genex secures up to $5.0 be designed to allow for the future installation of battery storage. million funding from ARENA 17 November The Project is intended to connect to the Genex Power Limited (ASX: GNX) (Genex or Essential Energy network and export energy Company) is pleased to announce that it has into the National Electricity Market at 22,000 secured further Federal Government funding V. It is projected to produce approximately of up to $5.0 million via a funding agreement 12,000 MWh per annum. with the Australian Renewable Energy Agency (ARENA) (Funding Agreement) for the Kidston Kinelli has recently developed and Stage 2 Project (K2) at Kidston, North commissioned the 4.7 MW DC Chillamurra Queensland. The K2 Project comprises the solar farm and ReNu Energy has conducted 250MW Kidston Pumped Storage Hydro technical due diligence on the Chillamurra Project (K2-Hydro), and the co-located project. The combination of Kinelli's recent 270MW solar PV Project (K2-Solar). experience on Chillamurra and ReNu Energy's diligence work is expected to materially de- Under the terms of the Funding Agreement, risk the Boggabilla Project. the funding is to be applied toward specified pre-Financial Close activities to progress the The Boggabilla Project capital cost including K2 Project to Financial Close in 2018. development fees is estimated to be $9 million to $10 million. Final capital cost will be Genex Managing Director, Michael Addison determined throughout the due diligence said: period. Target equity IRR of 11% after debt “Genex is pleased to continue its partnership and target 10 year equity yield greater than with ARENA for the Kidston Stage 2 Project. 12%. The continued support from ARENA is testament to the innovative nature of the Energy generated by the Boggabilla Project Project, and the growing importance of large- will be sold to the wholesale electricity scale energy storage in the context of the market and / or under corporate power increasing penetration of renewable energy in purchase agreements. Large Scale Generation the National Electricity Market. It also Certificates generated will be sold on market represents a vote of confidence in the pathway Genex has outlined to financial close.

Following publication of our optimised technical feasibility study and the appointment of an ECI contractor for the K2- Hydro Project, the ARENA funding will be applied towards Genex’s project financing and EPC finalisation activities as the Company continues its engagement with EPC contractors, energy partners and debt and equity providers.

This additional funding serves to strengthen Genex’s financial position as the Company advances the Kidston Stage 2 Project to financial close in 2018.”

ARENA CEO, Ivor Frischknecht said: “Stage Two of the Kidston hydro and solar project is an important step in achieving a secure and reliable grid and increasing the value delivered by renewable energy.”

Source: Genex Power

Link to AltEnergy project database: Kidston Hydro Project