Bright Acre Energy – Solar IPO, 2019 Plans

European solar project developer Wirsol Energy have an Australian arm known as Bright Acre Energy. The company has been working on a $500m IPO of their Aussie solar portfolio, but news is thin on the ground lately. Let’s take a look at what to expect from BAE in 2019.

Bright Acre Energy $500m Australian Solar IPO

Bright Acre Energy Gannawarra Solar Farm
Bright Acre Energy Gannawarra Solar Farm (source: brightacreenergy.com.au)

Bright Acre Energy have ten projects in various stages of completion, situated in Victoria, New South Wales and Queensland. According to the Australian Financial Review, the projects are set to fully connect to the national power grid by the end of 2019. These five projects will total over 1100MW, which is enough electricity to power 350,000+ houses. The official site names the farms as currently having 397MWp of nameplate capacity, with half of this commercially operational and the other half ‘almost there’. 

Former Australian rugby union player Bill Calcraft was the CEO last year, and along with Gerard Dover the site has them listed as ‘Proposed Management’ – so not sure what this means for 2019 – and there hasn’t been any specific news on their potential IPO. We’ve reached out to the team and will keep you updated if we find out anything about Bright Acre’s plans for the rest of the year. 

Bright Acre Energy are currently responsible for the following projects, as per their website:

  • Hamilton Solar Farm (Collinsville, QLD) (Operational) (69MWp)
  • Whitsunday Solar Farm (Collinsville, QLD) (Operational) (69MWp)
  • Clermont Solar Farm (Clermont, QLD) (Near-term Operational) (89MWp)
  • Springdale Solar Farm (Springdale, NSW) (Pipeline) (120MWp)
  • Bomen Solar Farm (Bomen, NSW) (Pipeline) (120MWp)
  • Hay Solar Farm (Hay, NSW) (Pipeline) (140 MWp)
  • Buronga Energy Station (Buronga, NSW) (Pipeline) (400MWp)
  • Wemen Solar Farm aka Wemen Sun Farm (Wemen, NSW) (Near-term Operational) (110MWp)
  • Gannawarra Energy Storage System (Kerang, VIC) (25MW/50MWh)
  • Gannawarra Solar Farm (Kerang, VIC) (60MWp)

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Karadoc Solar Farm | Solar Farms in Victoria

The Karadoc Solar Farm has launched and is currently exporting power to the grid – making it the biggest solar farm in Victoria (for now). 

Karadoc Solar Farm

Karadoc Solar Farm
Karadoc Solar Farm (source: baywa-re.com.au)

The 112MW Karadoc Solar Farm can power over 110,000 homes. It’s located 35km south of Mildura and is being built by German-based energy company Bay-Wa. With 112MW it is just marginally larger than the Bannerton solar park, which outputs 110MW and is responsible for powering solar powered trams in Melbourne

As per this article from RenewEconomy, brewer Carlton and United Breweries (CUB) has contracted the entire output of the project in its goal to become 100% powered by renewable energy. 

“This represents an important step in CUB’s commitment to 100 per cent of its electricity being sourced from renewables,” said CUB CEO Jan Craps at the time.

There are a number of large-scale solar farms in Victoria in various stages of their life cycle, but all will be online by summer 2018/19:

  • Bannerton Solar Farm (110MW)
  • Karadoc Solar Farm (112MW)
  • Yatpool Solar Farm (81MW – Also a Bay-Wa project)
  • Wemen Solar Farm (110MW – also known as the Wemen Sun Farm)
  • Ganawarra Solar Farm (50MW – Live)
  • Swan Hill Solar Farm (15MW – Live)
  • Kiamal Solar Farm (265MW DC – won’t be completed until the middle of next year)

This isn’t even mentioning the 928MW which will be generated via three solar and wind farms as per a recent Victoria government renewable energy tender. 

Daniel Gäfke, Managing Director of BayWa r.e. Solar Pte Ltd. “The Karadoc solar farm is the largest installation ever undertaken by BayWa r.e and is a great showcase of our ability to procure, design and build projects of this size anywhere in the world. Australia is a very important market for us and this investment is testament to the commitment we have to help increase Australia’s renewable energy capacity.”

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Ballarat Energy Storage System | Solar Storage in Victoria

The Ballarat Energy Storage System has been turned on by the Victorian Government today – let’s take a look at this unique battery and see how it will help shape Victoria’s energy future!

Ballarat Energy Storage System

The Ballarat Energy Storage System has 30MW capacity and can output 30MWh – it’s located at the Ballarat terminal station and is owned by Australian energy company Ausnet. The battery storage units are Fluence branded, and were installed by Spotless and Downer Group.

Ballarat Energy Storage System
Ballarat Battery Energy Storage System (source: spotless.com)

ARENA and the Victorian Government will jointly provide $25 million in funding for both this project and the Gannawarra Energy Storage System (GESS). The project (BESS) is expected to end up costing around $35m. 

Lily D’Ambrosio, the minister for Energy, Environment and Climate Change, made a statement about the Ballarat Energy Storage System discussing the Government’s plans for Australia’s renewable energy future:

“We said we would deliver these large-scale batteries for Victoria, and that’s exactly what we’ve done,” she said.

“This is part of our plan to transition to a more affordable, reliable and clean energy system. We’re modernising our electricity grid, strengthening our energy security and delivering real action on climate change.”

According to RenewEconomy, the battery will be most useful in these three situations:

  1. It can help with congestion on Victoria’s transmission grid (especially as it’s installed at a network terminal rather than a wind or solar farm (which is the norm)). 
  2. It’ll help shore up the baseline load for Melbourne, especially during peak times when air conditioners and deconstructed latte machines are switched on en masse; and
  3. It’ll provide ‘key grid stability services’ like frequency control. 

Lastly, straight from the horses’s mouth:

The battery will store energy at times of relatively low value. The battery will use stored energy and use it at times of relatively high value. The project will also examine providing other grid services such as frequency control ancillary services (FCAS) and, should it be established under the electricity market rules, a Fast Frequency Response (FFR).

It’ll be fascinating to see how this works over the summer – we’ll, of course, also be keeping a close eye on the Tesla batteries at the Hornsdale Power Reserve to see if they’re able to continue delivering massive savings to the SA government. How long until the rest of the states follow suit? 

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Kiamal solar project launched, may add 194MW more.

The official launch of the Kiamal solar project was held in Victoria on Wednesday. The 265MW (DC) solar plant has plans to double its output by adding another 194MW in the future at some point.

Kiamal solar project

Kiamal Solar Project
Kiamal Solar Project (source: Total-Eren Press Release (LinkedIn))

The Kiamal solar project is owned and being run by Total Eren (formerly two separate companies), a renewable energy company based in France whose $300m investment in the project has raised the ire of the Australian Energy Market Operator, who have implemented tough new conditioned for those wanting to install wind and solar in Victoria’s ‘full’ grid (click here to read a great article from the AFR about it). They commented that Total Eren had ‘misjudged’ the system strength requirements and said there could be an issue with adding a farm this size to the noth-west Victorian grid.

Luckily the team at Total Eren (or Total-Eren, depending on how French you are) have agreed to add an expensive ‘synchronous condenser’ to help stabilise the grid. AFR report that the cost is estimated to be in the ‘tens of millions of dollars’ so this is certainly quite the olive branch. 

An official statement from the company noted that the company had acquiesced to AEMO’s requests “…in order to facilitate a timely connection … substantially strengthening the grid in the region and making it possible to connect even more renewables in north-west Victoria”.

The team are now looking into adding 380MWh of energy storage and 194MWh of solar in a second or third stage, as per executive vice-president Fabienne Demol. 

NSW Energy Minister Don Harwin spoke at the Financial Review National Energy Summit and explained the situation a little further:

“There are plenty of people who want to advance new renewable energy generation options here in NSW, but transmission is a huge constraint and that is why we are ahead of the game, out there with our own strategy, carefully reviewing all the work AEMO has done in the ISP to make sure it works for NSW consumers ,but whatever we do we will be doing it in a way to make sure it doesn’t lead to upward pressure on prices because that is our critical focus and that is the assurance that we will give.”

Click here to learn more about the PPA Kiamal solar farm signed with Flow Power earlier this year. 

They’ve also signed Alinta Energy and Mars Australia after losing Meridian Energy earlier this year due to construction delays. The Kiamal solar farm will be completed by the middle of 2019. 

 

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Congupna solar farm / Design and Development Guidelines

The Congupna solar farm has been approved for the Shepparton area and will produce 30MW of energy – this is enough to power 10,000 homes in the region.

Congupna solar farm

Minister for Planning Richard Wynne announced the successful Congupna solar farm approval this morning. 

According to Minister Wynne the farm will create over 100 solar jobs for the region: 

“The Congupna solar farm will create more than 100 new jobs and produce 30 megawatts of new, clean energy – helping to drive down energy prices.”

 “We’re working with industry and community to make sure solar farm developments deliver the right outcomes for communities, the environment and jobs” he continued.

The Tallygaroopna, Lemnos and Tatura East solar farm applications has been deferred until further strategic work on Goulburn Murray Irrigation District is completed.

As per the official press release, the Labor Government in Victoria will invest over $1.3b to put solar panels, hot water, and batters in 720,000 homes, as part of their Solar Homes Program.

Minister for Environment, Energy and Climate Change Lily D’Ambrosio was equally impressed by the project, discussing how they will be able to affect climate change and electricity prices:

“These new guidelines will provide more certainty to the community, and more confidence to invest in major solar farms like the one at Congupna.”

 “We’re creating jobs, driving down power prices and combatting climate change with the biggest investment in renewable energy in Victoria’s history” Minister D’Ambrosio said.

According to Shepparton News, Mr Wynne’s office stressed in a press release that the Congupna facility “will be built on non-irrigated agricultural land” and is projected to create almost $40 million in capital expenditure.

Solar Energy Facilities – Design and Development Guidelines

At the same time, Minister Wynne released a draft version of the design and development guidelines for solar energy facilities. They’ll help councils, developers, and communities ensure they build solar farms suitable for everybody. Although we’ve seen many successful large-scale solar farm rollouts in Australia, solar farm opposition is still a bit of an issue for some developments. Hopefully these guidelines help clear up what is and isn’t suitable for large-scale solar! 

 

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