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Project Update Week ending 19 October 2018

Integrated 3.1MW bioenergy & solar PV project in WA 15 October Highlights • ReNu Energy executes term sheet with Western Australian Meat Marketing Co-operative Limited (WAMMCO) to develop an integrated 3.1MW bioenergy & solar PV facility at WAMMCO’s Katanning WA abattoir • The project will include: o Construction of a new covered anaerobic lagoon (CAL) to treat the abattoir waste water and provide biogas for use in electricity generation o Installation of a 600kW biogas generator and related equipment; and o Installation of 2.5 MW of ground mounted solar PV • The project is commercially supported by a 20-year power purchase agreement (PPA) • Exclusivity period to 31 March 2019 for ReNu Energy to complete detailed project site due diligence, front end engineering & design (FEED) and finalise binding contracts ReNu Energy Limited (ASX: RNE) is pleased to announce the execution of a Term Sheet with WAMMCO for the construction and operation of an integrated 3.1MW bioenergy and solar PV facility at its Katanning abattoir in Western Australian under ReNu Energy’s ‘Build Own Operate & Maintain’ model. Following ReNu Energy’s successful construction and operation of the 1.6MW bioenergy facility at WAMMCO’s wholly owned Southern Meats facility in Goulburn, NSW earlier this year, ReNu Energy is pleased to have been asked to deliver a further integrated bioenergy and solar PV facility for

the WAMMCO Group at its Katanning facility in WA. The WAMMCO Katanning sheep abattoir has recently undergone an upgrade to increase capacity, and the new CAL and biogas generator, together with solar PV, will provide on-site renewable energy for more than 50% of the upgraded abattoir’s energy demand. The project will include the construction of the first CAL on the site and the installation of an integrated electricity generation system which will include a 600kW biogas engine and 2.5MW of solar PV. The project will be commercially supported by a 20-year PPA between the parties. Commenting on the project, ReNu Energy’s CEO Craig Ricato said, “We are proud of what we have achieved to date with WAMMCO at our bioenergy facility on their Southern Meats plant in Goulburn, and we greatly appreciate the opportunity to work on a second facility with them at their Western Australian abattoir. We will work closely with the WAMMCO WA site team over the next few months as we undertake the necessary site technical due diligence studies and prepare the FEED documentation for this project. The integration of bioenergy and solar power generation in a single project is a fantastic example of our Company’s capability and an excellent demonstration of the opportunities to combine both renewable technologies to

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maximise the benefits for the owners of industrial plants in the agricultural industry. We are also pleased to add this project to the portfolio of bioenergy facilities which we are developing with our Alliance partner, the Resonance Industrial Water Infrastructure Fund.” ReNu Energy will continue to update the market as the project progresses to the final investment decision stage during the exclusivity period. Source: ReNu Energy

Australian Energy Update: What's changed in energy supply and use? (Excerpt) Total electricity generation reached 258 terawatt hours (equivalent to 929 petajoules) in 2016-17, the highest total generation recorded to date, although only an increase of 0.2 per cent, according to the 2018 Australian Energy Update. The total includes electricity generated from rooftop solar PV, generation by industrial facilities (mining, manufacturing) and off-grid generation. Industry and households attributed around 12 per cent of the nation’s electricity generation (Figure 1). The Update is an annual report designed to increase the understanding of energy supply and use in Australia. It highlights recent trends in energy consumption, production, generation and trade during the 2016-17 period. It shows that coal continued to provide the majority of Australia’s electricity generation at 63 per cent of total generation in 2016-17, although the nation is now less reliant on coal compared to a decade ago when it held an 80 per cent share. While black coal increased by 4 per cent due to increases in generation in New South Wales, Western Australia and

Queensland, it was offset by brown coal’s decline of 11 per cent, reflecting the closure of Hazelwood and Northern power stations during the period. Natural gas-fired generation was up in Victoria, Western Australia and South Australia, but overall it fell by 0.2 per cent, to account for 20 per cent of the nation’s overall generation in 2016-17. Renewable generation accounted for 16 per cent of total generation in 2016-17, rising by 6 per cent due to increases in solar, hydro and wind. Generation from renewables has more than doubled over the past decade. Hydro remains the largest source of renewable electricity generation contributing 40 per cent in 2016-17, however it remains well below its 95 per cent share of renewable generation in 2000-01, largely due to increased diversification in renewable sources. Wind contributed 31 per cent and solar also grew strongly to 18 per cent of renewable electricity generation. However, when looking at the 2017 calendar year, renewable generation declined slightly to 15 per cent of total generation, due to a fall in hydro output later in the year. Source: Australian Energy Council

PROJECT NEWS

Sapphire Solar Farm The federal Department of the Environment & Energy has approved CWP Renewables’ 200 MW Sapphire Solar Farm, 28km east of Inverell in NSW, with conditions in relation to the Controlling Provision of Listed threatened species and communities (sections 18 & 18A).

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Australia’s first Business Renewables Centre to help Australian businesses to switch to renewables 16 October The Australian Renewable Energy Agency (ARENA) has today announced it will help build Australia’s first Business Renewables Centre to encourage Australian businesses to make the switch to renewable energy. On behalf of the Australian Government, ARENA will provide $500,000 in funding to Climate-KIC Australia, WWF-Australia and UTS Institute for Sustainable Futures for the project. The New South Wales and Victorian Governments have each provided $150,000 in funding to the Project. The Business Renewables Centre Australia will be a resource centre and an online marketplace platform designed to accelerate the purchase of renewable energy by Australian business. The $1.74 million project aims to make it easier for Australian corporates and local councils to purchase or procure renewable energy through corporate Power Purchase Agreements. The initiative will establish an online resource centre and a marketplace platform, and will be supported by face to face events for its industry members. The goal is to help Australian businesses and local governments procure 1GW of installed renewable energy by 2022 and 5GW by 2030. The Centre draws on the proven model of the Rocky Mountain Institute’s Business Renewables Centre in the USA, to provide members with information, a network of energy buyers and project developers, inexpensive training and advice on power purchase agreement requirements. Last year, ARENA previously released a report on the Business of Renewables which outlined how Australia’s biggest businesses were

falling behind their global peers in transitioning to renewable energy. The report also found that Australian consumers support businesses making the switch, with more than three quarters of Australian consumers surveyed saying they would buy a product or service powered by renewables over one that wasn’t. ARENA CEO Darren Miller said the Business Renewables Centre Australia would have a wealth of knowledge to draw upon. “The future for energy is a large number of smaller renewable generating facilities often developed by non-generating entities. The Business Renewables Centre will help in that transition in using its vast expertise in running programs, entrepreneurship, innovation, education and other sustainability objectives to make it easier for companies and councils to enter into the renewables market,” he said. WWF Australia CEO Dermot O’Gorman said that the Business Renewables Centre Australia will build on the success of WWF’s Renewable Energy Buyers Forum, which now comprises over 230 members organisations, as well as the growth in corporate renewable Power Purchase Agreements in the last 12 months. “The future of renewables in Australia looks positive because it makes sound business sense. Contracting for long-term renewable energy will save customers money and will support growth in renewable energy infrastructure across Australia,” he said. Climate-KIC Australia CEO Christopher Lee said that the BRC would drive capacity building in the industry. “We are excited to be collaborating with industry players from small and large scale renewable energy developers, service providers and corporate buyers to build capability across the industry and lower the cost of transactions. Our partners bring a broad breadth of experience and look forward to driving the uptake of renewables,” he said.

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Professor Stuart White, Director of the UTS Institute for Sustainable Futures said: “There’s a lot of interest in renewable energy PPAs, but they’re new to Australia and the key decision-makers often lack the information they need. We will be applying a model that’s been successful in the US to give companies the tools and resources they need to make the shift to renewable energy.” Source: ARENA

Australia’s first Business Renewables Centre launches 16 October Large Australian organisations looking to switch to renewable energy will now be able to turn to Australia’s first Business Renewables Centre to help them to procure solar or wind energy through a renewable Power Purchase Agreements. The Business Renewables Centre – Australia will be an independent, dedicated, not-for-profit information hub and online marketplace platform designed to help larger Australian organisations to navigate the renewable energy market. The $1.74 million initiative will be delivered by the consortium of Climate-KIC Australia, the World Wide Fund for Nature (WWF) Australia and Institute for Sustainable Futures (University of Technology Sydney). The Centre will be supported by $500,000 funding provided by the Australian Renewable Energy Agency (ARENA) under its Advancing Renewables Program, and $150,000 from each of the New South Wales and Victorian Governments. Based on the highly successful model developed by the Rocky Mountain Institute (RMI) in the US, the Business Renewables Centre Australia aims to help Australian organisations procure 1,000 MW of renewable energy (installed capacity) by 2022, and 5,000 MW by 2030.

While attractive prices exist for longer-term renewable energy purchasing, corporate Power Purchase Agreements (PPAs) remain a challenge to negotiate, requiring an in-depth understanding of the energy market, the opportunity and industry players. The Centre will reduce current barriers faced by larger Australian corporates, government organisations and institutions by providing online resources, inexpensive training and advice, face-to-face events, and by building a network of renewable energy buyers and sellers from across industry via an online marketplace. WWF-Australia’s CEO, Dermot O’Gorman, said that the Business Renewables Centre Australia will build on the success of WWF’s Renewable Energy Buyers Forum, which now comprises over 250 member organisations, as well as the growth in corporate renewable PPAs in the last 12 months. ‘The future of renewables in Australia looks positive because it makes sound business sense. Contracting for long-term renewable energy will save customers money and will support growth in renewable energy infrastructure across Australia.’ Climate-KIC Australia CEO, Christopher Lee, said that the BRC would drive capacity building in the industry. ‘We are excited to be collaborating with industry players from small and large scale renewable energy developers, service providers and corporate buyers to build capability across the industry and lower the cost of transactions. Our partners bring a broad breadth of experience and look forward to driving the uptake of renewables.’ Professor Stuart White, Director of the UTS Institute for Sustainable Futures, said: ‘There’s a lot of interest in renewable energy PPAs, but they’re new to Australia and the key decision-makers often lack the information they need. We will be applying a model that’s been successful in the US to give companies the tools and resources they need to make the shift to renewable energy.’

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Jon Creyts, Managing Director at Rocky Mountain Institute and leader of RMI’s US Business Renewables Center (BRC) said: ‘RMI is excited to support the extension of the Business Renewables Center from the United States to Australia. The BRC Australia platform is the perfect place for any market actor seeking to understand non-utility procurement of renewable energy,’ continued Creyts, ‘and we look forward to supporting its progress in speeding the growth of renewable energy in Australia.’ For further information, visit www.businessrenewables.org.au Source: Climate-KIC Australia

Genesis and Tilt Renewables announce plan for Waverley Wind Farm 17 October Genesis and Tilt Renewables today announce they intend to partner in the development of the Waverley Wind Farm. “Tilt Renewables is very pleased to be establishing a strategic relationship with Genesis, benefiting from our complementary capabilities to deliver more renewable energy to New Zealand” says Deion Campbell, Tilt Renewables CEO. “The parties’ agreement of proposed terms and conditions for a long term power purchase and services agreement, is a significant step toward the finalisation of a key partnership which will allow Tilt Renewables to progress the Waverley Wind Farm to construction, potentially as early as the first half of 2019, subject to reaching final agreement on commercial terms,” says Campbell. The Waverley Wind Farm, which will be owned and operated by Tilt Renewables, is a wind powered electricity generation project located between Patea and Waverley in South Taranaki. Resource consent for the project

was granted in July 2017, allowing for up to 48 turbines to be installed on the 980 hectare site. Marc England, Genesis CEO, says Genesis is committed to helping New Zealand transition to a low carbon future. “The 100 megawatt wind farm could begin operating in 2020 and will further increase the percentage of generation New Zealand gets from renewable sources.” “At 85%, New Zealand already has the third highest renewable electricity generation in the OECD and electricity generation makes up just 4% of New Zealand’s total carbon emissions. The signing of these terms is an important step on our path to increasing renewable electricity.” “The electricity sector will play a critical role in the decarbonisation of higher emission sectors such as transportation and industrial processing. This exciting project will play a role as we meet predicted increases in demand for renewable energy,” says England. New Zealand has 17 operating wind farms with a capacity of 690 megawatts. Genesis’ Hau Nui (te reo Māori for "big wind") was the first wind farm built in New Zealand. The Hau Nui Wind Farm is a 15-turbine wind farm located in the South Wairarapa District of New Zealand. Source: Tilt Renewables

SA Water GAS-TESS project progressed 17 October • Project Development Agreement signed • Civil construction works to begin • GAS-TESS device to move to Glenelg Wastewater Treatment plant in November 1414 Degrees Limited (‘1414 Degrees’ or the ‘Company’)(ASX:14D) and SA Water have signed the Project Development Agreement

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(‘PDA’), to commence construction for the Company’s GAS-TESS device at SA Water’s Glenelg Wastewater Treatment Plant. This is the first installation of a 1414 Degrees product at a commercial site. The thermal energy storage system will demonstrate its effectiveness by storing energy generated from biogas harvested from the SA Water Glenelg Wastewater Treatment Plant. It will deliver heat energy for SA Waters’ digesters and electricity for general operations. It will also enable time shifting of electrical generation with the aim to assist SA Water in achieving their zero net electricity costs by 2020 target. The PDA is the agreement between 1414 Degrees and SA Water which details the requirements and responsibilities of each party, from installation to close of the project. It addresses all aspects including civil construction, safety, integration and operations. 1414 Degrees will now appoint civil works contractors to prepare the site for the GAS-TESS installation. Discussions with these contractors is well advanced and breaking of the ground at the SA Water site is scheduled to begin in November 2018. The GAS-TESS device will be transported to the Glenelg Wastewater Treatment plant from 1414 Degrees’ Lonsdale workshop in late November 2018. Source: 1414 Degrees

Total Eren launches construction of its first solar PV plant in Australia 17 October Total Eren, a leading renewable energy Independent Power Producer (“IPP”) headquartered in Paris, is pleased to announce the start of construction of the Kiamal Solar Farm located in the state of Victoria, Australia. The 256.5 MWp solar

power plant has already signed three Power Purchase Agreements (“PPAs”) with Mars Australia and the two Victorian-based energy retailers: Flow Power and Alinta Energy. Kiamal Solar Farm is located 3 km North of Ouyen township in North-West Victoria and is approximately 100 km South of Mildura. Total Eren obtained Planning Consent for Kiamal Solar Farm from the Mildura Rural City Council in September 2017. With three PPAs secured and onsite works commencing shortly, Total Eren is pleased to announce that its first solar photovoltaic (PV) project in Australia has entered into its construction phase. The 256.5 MWp Stage 1 of Kiamal solar PV power plant will be made up of over 720,000 PV panels with single-axis trackers covering over 500 hectares. The commencement of construction ceremony was celebrated on Wednesday 17th October 2018 in Melbourne with the presence of the Hon Lily D’Ambrosio MP, Minister for Energy, Environment and Climate Change. The Project is expected to reach commercial operations in mid-2019 and when completed, the Kiamal Solar Farm will be Victoria’s largest solar power plant; producing enough electricity to meet the needs of more than 133,500 Victorian homes and displacing more than 610,000 tonnes of carbon dioxide emissions annually. The construction will be led by a turnkey Consortium jointly led by Biosar Australia (“Biosar”), part of the Greek infrastructure group Aktor S.A., and Canadian Solar, one of the world’s leading solar PV technology suppliers. The project is expected to contribute to the local economy during the construction and operational phases through local investment in jobs (with an average of 200 workers on site during construction, 7 for the operational phase), accommodation and ongoing services. Total Eren is working with TransGrid to deliver a new 220 kV Kiamal Terminal Station and

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Collector Substation, with transformers designed and manufactured locally by Wilsons Transformers in Victoria. The Kiamal Solar Farm is unique in that it has committed to install a more than 100MVAr synchronous condenser as part of the generating system in order to facilitate a timely connection to the Victorian Transmission System, in turn substantially strengthening the grid in the region and making it possible to connect even more renewables in NW Victoria. Total Eren is also seeking to expand Kiamal Solar Farm with a second stage of up to 194 MWp, as well as exploring commercial options for the approved 380 MWh of energy storage. The project has secured three Power Purchase Agreements (“PPAs”) with one corporate and two energy retailers for the supply of electricity and green certificates: - Mars Australia (“Mars”) has signed a PPA with Kiamal Solar Farm as part of their plan to generate the equivalent of 100% of Mars’ electricity consumption from renewable energy by 2020. Mars has contracted energy to cover the equivalent of the electricity requirements of its six Australian factories in Victoria and New South Wales Asquith, Ballarat, Bathurst, Wacol, Wodonga & Wyong, and two sales offices (Melbourne & Sydney). - Flow Power, one of Australia’s fastest growing energy business retailers and Alinta Energy, a leading Australian energy generator and retailer will procure electricity and green certificates from Kiamal Solar Farm. Total Eren alongside Biosar, Canadian Solar, Mars, Flow Power, and Alinta Energy, recognise the need to take an active role in reducing Australian’s reliance on fossil fuels with Kiamal Solar Farm contributing to increasing Australia’s renewable energy penetration and reduction of greenhouse gas emissions. Fabienne Demol, Executive Vice-President – Global Head of Business Development of Total Eren stated: “The successful start of

construction of Kiamal Solar Farm is an important milestone for us as this is not only our first project in Australia but also our largest solar project worldwide. I want to thank our best-in-class partners and excellent teams who made this project possible. Total Eren has an ambitious vision for the development of renewable energy in Australia, and partnering with major industry players ranging from manufacturing, utility and retail is an important lever in our strategy to becoming a significant player in the national renewable energy market. It also sends a strong message to the rest of the market that now is the time to capitalise on the opportunities offered by renewables and to drive positive change in the environment.” Michael Vawser, Asia Pacific Regional Director of Total Eren, added: “Having the weight of Total Eren behind the team here in Australia has meant that we have been able to develop this site from scratch starting only in December 2016. The momentum behind this project grows every day and I will be genuinely delighted to watch the first solar panels go in just a few weeks.” Source: Total Eren

PROJECT NEWS

Willatook Wind Farm Wind Prospect lodged a development application for its proposed, up to 400 MW Willatook Wind Farm, approximately 22km north of Port Fairy in SW Victoria in the Moyne Shire district. The site covers approximately 6750ha of private and public land located, with a maximum of 83 wind turbines and associated permanent and temporary infrastructure proposed within a development footprint area of 240ha. The candidate wind turbine is the GE-158 4.8 MW. The 132kV Macarthur Wind Farm high voltage transmission link bisects the site, north to south, linking to the 500kV Moorabool to Portland transmission line at the Tarrone Terminal Station.

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New location in Australia: meteocontrol continues its strategic growth 17 October meteocontrol GmbH has opened another branch office: With meteocontrol Australia Pty Ltd. in Melbourne, the leading provider of independent monitoring systems is driving its international growth. An important component of the globalisation strategy is meteocontrol's local presence in growing PV markets in order to provide customers and partners with more intensive advice and better support during installation and commissioning of monitoring systems. The use of solar energy is rapidly growing in Australia. In 2017, the Australian solar industry had a record year with a leap in growth of around 50 percent. By 2022, installed PV capacity is expected to more than double from its current level of around 7 Gigawatts. “The commercial and utility segments in Australia are booming like never before and we have already implemented our first PV projects,” reports Martin Schneider, Managing Director of meteocontrol. “With the new subsidiary in Melbourne, we are expanding our presence Down Under, because proximity to our customers has absolute priority. This is the only way we can provide them our expert advice and immediate technical support.” Leading the new location is David Barshevski as Managing Director of meteocontrol Australia. Barshevski’s extensive experience in the PV industry is underpinned by a depth of knowledge on the Australian market. After holding positions at Solar Systems and Canadian Solar, Barshevski was most recently Head of Business and Project Development at SFCE Shunfeng International Clean Energy Limited. "I am looking forward to the new challenge and am humbled by the warm welcome to the meteocontrol team," said Barshevski. “I am confident we will quickly establish our monitoring systems and technical services in the Australian PV market to become the market leader.”

With its new subsidiary in Australia, meteocontrol is represented in 11 countries. The internationally successful company recently opened new offices in Japan, Chile and El Salvador in 2017. A total of around 45,000 photovoltaic systems with a total output of over 13 gigawatts are monitored worldwide. With the blue'Log X series and the monitoring portal VCOM, meteocontrol is one of the leading providers of independent monitoring systems worldwide. Additional services like yield forecasts, technical due diligence, independent engineering and energy and weather data analytics are part of meteocontrol’s comprehensive solutions. Source: meteocontrol

French renewable energy unicorn Neoen lists on Euronext 17 October Euronext today welcomed Neoen, France’s leading independent producer of exclusively renewable energy and one of the sector’s most dynamic businesses worldwide, to Compartment A of its regulated market in Paris. This was the largest IPO in Paris in 16 months, and the largest clean-tech IPO in Europe this year. An active player in the energy transition and the fight against climate change, Neoen is an independent producer of renewable energy that has expanded rapidly in France and on international markets in Europe, Australia, North and South America, and Africa. Founded in 2008, the company develops, owns and operates land-based solar parks and wind farms. Its assets include one of Europe’s largest solar parks, in Cestas in southwestern France (Gironde), generating 300 megawatts. Listing will enable the company to finance further growth. Neoen was recognised as a “future unicorn” at the 2018 Trophée des Futures Licornes ceremony organised by Entreprenur Venture, Euronext, EM Lyon business school, Roland Berger and Reputation Age.

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Neoen (ticker code: NEOEN) was listed on 17 October 2018 through the admission to trading of 84,919,998 shares representing its entire capital, including 38,073,521 shares allocated[1] as part of a Global Offering[2], before potential exercise of the over-allotment option. The offering price was set at €16.50 per share. Market capitalisation on the day of listing was around €1.4 billion, and the operation raised a total of €628 million. At the listing ceremony, Xavier Barbaro, Chairman and CEO of Neoen, said: “We are very proud of our successful market debut. Neoen is the first French unicorn specialising in renewable energies to list on Euronext Paris, and the market’s largest listing in the past 16 months. In particularly demanding market conditions, this reflects great confidence in our strategy, our positioning and our growth potential. We would like to extend warm thanks to our shareholders, old and new, and to our workforce, our advisers, and Euronext Paris, who helped make our listing a success.” [1] Including 27,272,727 new shares and 10,800,794 existing shares sold by Neoen SA shareholders. [2] The Global Offering was made up of a Public Offering that included an Open Price Offer (OPO) in France and a Global Placement with institutional investors in France and other countries. Source: Euronext

PROJECT NEWS

Collector Wind Farm Proposed modification 2 for Ratch Australia’s Collector Wind Farm has been placed on public exhibition by the NSW Department of Planning & the Environment. The proposed modification involves minor adjustments to the grid connection infrastructure and road upgrades.

Household waste set to generate clean energy as CEFC finances landmark West Australian project 18 October The CEFC is committing up to $90 million towards Australia’s first large-scale energy from waste (EfW) project – a state-of-the-art plant at Kwinana in Western Australia capable of producing 36MW of electricity, enough to power up to 50,000 homes. When built, the $700 million project will be able to process around 400,000 tonnes of household ‘red bin’ and commercial and industrial residual waste a year. The Kwinana plant has been co-developed by Macquarie Capital and Phoenix Energy Australia, with co-investment by the Dutch Infrastructure Fund (DIF). By processing household waste from local councils, it will produce cost-competitive baseload renewable energy and contribute to grid stability in WA’s South West Interconnected System (SWIS). The plant will use technology that already has a strong track record in Europe and meets strict environmental requirements. It is expected to reduce CO2-e emissions by 400,000 tonnes per year, the equivalent to taking 85,000 cars off the road. CEFC CEO Ian Learmonth said the landmark project was the CEFC’s largest investment in WA to date. “Creating energy from waste is an exciting and practical way to reduce the amount of waste going to landfill, while also delivering cleaner low carbon electricity,” Mr Learmonth said. “The average red lid wheelie bin contains enough waste to produce up to 14 per cent of a household’s weekly power needs. This investment is about harnessing that energy potential, while safely diverting waste from landfill. “We are pleased to be working alongside Phoenix Energy Australia, Macquarie Capital

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and DIF in bringing this state-of-the art technology to Australia. We congratulate the Western Australian government and the participating councils in embracing this 21st century approach to waste management.” Macquarie Capital Executive Director Chris Voyce, said the Kwinana plant is expected to employ around 800 workers, including apprentices, during its three-year construction phase, and some 60 operations staff on an ongoing basis. The plant has secured long-term supply contracts for the majority of its waste requirements from the Rivers Regional Council and the City of Kwinana. The Kwinana plant will be the first in Australia to use the Keppel Seghers grate technology, which has been used in more than 100 energy-from-waste plants in 18 countries. The thermally-treated waste heats water into steam to produce electricity. Metals recovered for recycling and other by-product materials are suitable for reuse in the construction industry. Mr Voyce, said: “Macquarie Capital is pleased to be contributing to the supply of sustainable and secure renewable power to Australia’s overall energy mix. As an adviser to, investor in and developer of renewable energy projects around the world, we see waste-to-energy as an effective example of adaptive reuse: reducing the pressures on landfill by diverting it toward the generation of clean energy. “The technology is a proven one, used in more than 100 plants around the world. We look forward to working with our project team and engaging with the local community to deliver a facility that will deliver multiple benefits for years to come.” The CEFC finance is part of a $400 million debt syndicate that also includes SMBC, Investec, Siemens, IFM Investors and Metrics Credit Partners, some of which have prior experience in banking EfW projects globally.

The Australian Renewable Energy Agency (ARENA) is contributing a further $23 million in grant funding. CEFC Energy from Waste lead Henry Anning said: “This is a large and complex project, requiring significant development capital and support from all levels of government. The CEFC is pleased to play an important role in demonstrating the business case for large-scale energy from waste investments in Australia in the future. “Australians produce almost three tonnes of waste per person per year. While the priority is always a strong focus on recycling and organic waste management, there is still a considerable amount of household waste from red-lidded bins ending up as landfill, where it produces a large amount of emissions. “Energy from waste investments such as the Kwinana plant are about creating new clean energy opportunities for Australia, while offering councils and households a practical and innovative way to manage waste. Just as importantly, they can significantly cut methane emissions produced by landfill.” The new facility is in the Kwinana Industrial Area, 40 kilometres south of Perth. Acciona has been appointed to design and construct the facility, and a 25-year operations and maintenance service agreement has been signed with Veolia, which currently operates more than 60 waste-to-energy facilities around the world. With the Kwinana project, the CEFC has now made six large-scale investments to address waste-related emissions. These include: • $30 million for a project pipeline to increase Visy Industries’ manufacturing capacity to recycle waste materials by 10 per cent as well as improve the overall energy efficiency and renewable energy use of its large-scale manufacturing operations. • Up to $38 million to the $65 million South Eastern Organics Processing Facility in Victoria

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which will turn household garden and food waste into high-grade compost. • $90 million to Cleanaway for a range of projects to fast track facilities for organics processing and resource recovery, including a best-in-class resource recovery centre in Sydney to process 150,000 tonnes of waste a year • $30 million to leading resource recovery company ResourceCo to transform selected non-recyclable waste streams into Processed Engineered Fuel Source: CEFC

PROJECT NEWS

Kaban Green Power Hub Neoen Australia submitted its referral for the Kaban Green Power Hub to the federal Department of the Environment & Energy for public comment. Neoen is planning a 160 MW wind farm in Kaban, Far North Queensland approximately 6km north-west of Ravenshoe. The Project will involve the construction and operation of a wind farm utilising up to 29 wind turbines and ancillary infrastructure including: • Substation • Battery storage facility • Four permanent meteorology masts • Four temporary meteorology masts • Up to two construction compounds • Up to three laydown areas • Up to two operational and maintenance facilities • Wind turbine foundations • Access tracks • Underground cabling. The Project will connect to the National Energy Market (NEM) into a 275 kilovolt (kV) transmission line, which crosses the western extent of the Study Area. Each wind turbine and the battery storage system will be connected by underground cables to a purpose built substation that will be constructed directly adjacent to the existing transmission line.

ACCIONA to build Australia’s first large-scale thermal Waste to Energy plant 18 October ACCIONA is set to construct an innovative new thermal Waste to Energy (WtE) plant in Western Australia, helping reduce landfill while producing renewable energy. A first of its kind in Australia, the approximately $700 million project will be located in the Kwinana Industrial Area 40km south of Perth. It will process up to 400,000 tonnes a year of waste using best practice technologies and processes, exporting an estimated 36MW of electricity to the grid – enough to power around 50,000 households. ACCIONA’s Engineering, Procurement and Construction (EPC) contract with the project developer – a Macquarie Capital and Phoenix Energy Joint Venture – includes a 36-month construction period starting in October 2018. During the construction phase, more than 800 jobs will be created. The operation and maintenance phase will create around 60 new permanent positions. The project builds on ACCIONA’s long-term investment in Australia, and will involve a mix of domestic and international knowhow. The company has previously constructed several power generation plants overseas, including waste process and incinerating facilities, and is well-known for its EPC expertise. Bede Noonan, ACCIONA Geotech’s Managing Director, said: “This is a landmark project for WA and our country as a whole. Waste to Energy is an underexploited technology in Australia, and it’s great to see Phoenix Energy, with the support of Macquarie Capital, developing the first large-scale plant here. We will bring the best of our local and global knowledge to the construction, and are working with some great partners who also have highly specialised skills.” Source: ACCIONA

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Downer to build Australia’s largest solar farm 18 October Downer is pleased to announce it has been awarded a contract by BELECTRIC Solar and Battery GmbH (BELECTRIC) to build innogy SE's 349MW Limondale Solar Farm located in southern New South Wales. Once built, it is expected to be the largest solar farm in Australia. Executive Director of Downer’s Utilities business, Trevor Cohen, said: “We are pleased to be working with BELECTRIC on the Limondale Solar Farm, which will deliver significant economic and environmental benefits for the local community. “Once the Limondale Solar Farm is built, Downer will have constructed close to three gigawatts of renewable energy projects – making Downer a leader in the industry.” The Managing Director of BELECTRIC, Martin Zembsch said: “We’re delighted to have Downer deliver the Limondale Solar Farm. This is an important project for BELECTRIC, because it marks our clear intention to grow our business in Australia. By partnering with Downer, which bring tremendous experience in renewable energy projects, we know we’re in good hands.” Notice to proceed has been issued to Downer, and construction is expected to be complete in 2020. Source: Downer Group

Planning approval granted for Renew Estate’s 120MW project, Bomen Solar Farm 18 October Australian renewable energy company Renew Estate has been granted planning approval to build Bomen Solar Farm, a 120-megawatt (MW) project near the Bomen Business Park, approximately 7km northeast of the Wagga Wagga Central Business District. The approved project includes a 40MWh battery storage system. When built, Bomen Solar Farm will provide enough renewable energy to power the equivalent of approximately 36,000 homes with clean, green energy. The project will utilise tracking photovoltaic (PV) systems which will increase the energy generation at the start and end of each day when energy demand is high. Construction of the project is expected to commence shortly, and the project is scheduled to be fully operational by Q4 2019. Director Simon Currie said: “All elements needed for development such as connection, procurement, offtake and financing are well advanced, and we will proceed with construction of this project shortly. We believe that the Bomen Solar Farm project will play an important role in the development and expansion of the Bomen Business Park”. He added “The recent announcement about the partnership between the Wagga Wagga City Council and Visy to build the Riverina Intermodal Freight and Logistics Hub is very exciting and we are committed to the continuing expansion of Bomen as an industrial hub for NSW. A solar farm of this size plays a key role in both diversifying and strengthening the state’s energy mix. Equally importantly, and this is critical to Renew Estate, this project will deliver a range of enduring and tangible benefits to the local community”.

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At its peak, a 120 MW DC solar farm requires about 200 workers on site, Mr Currie stated “We are committed to maximising the opportunities for local industry and service providers in the construction of this project, particularly given the skilled local labour force and strong industrial capabilities of the region.” Mark Hogan, Managing Director of Wirsol Energy, a major shareholder of Renew Estate, said “Wirsol Energy owns one of the largest portfolios of solar PV projects in Australia. We are passionate about delivering low cost solar energy produced by this project to businesses both in the Bomen area and beyond. This is an exciting time for the solar industry in Australia and Bomen Solar Farm will assist Wirsol in reaching our target of 1-gigawatt of solar generation in Australia.” Renew Estate is developing a portfolio of renewable energy projects across Australia, Bomen Solar Farm is the second project to be granted planning approval with the first being the 300MW Rodds Bay Solar Farm near Gladstone in Queensland, which is one of the largest projects under development in Australia. Source: Wirsol Energy