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Aussie Waste-to-Fuel Facility Announced (Int'l Report)
Clean Energy Finance Corporation
Date: 2018-08-03
In the Land Down Under, waste companies Cleanaway and ResourceCA are reporting plans for a new facility in the city of Sydney that will convert around 250,000 tpy of non-recyclable garbage into fuel which will be used for cement manufacturing and for export to Asian markets.

The facility , which will be co-owned by waste companies Cleanaway and ResourceCo, was supported by $30 million in funding from the Clean Energy Finance Corporation. A portion of the $30 million will be used for a second plant at a location yet to be identified. The NSW government provided $5 million in funding. The plant will process dry waste such as plastic, dirty paper and cardboard, and non-recyclable wood into small solid material -- processed engineered fuel (PEF) -- that can be burnt for power. Over the lifetime of the facility, it is forecast to reduce carbon emissions by about 4 million tonnes. (Source: CEFC, Sydney Morning Herald, 30 July, 2018) Contact: CEFC , Ian Learmonth, CEO, www.cefc.com.au

More Low-Carbon Energy News Waste-to-Fuel,  Clean Energy Finance Corporation,  


CEFC Trumpets Aussie Renewable Energy Investments (Int'l Report)
Clean Energy Finance Corporation
Date: 2018-08-01
In the Land Down Under, the Clean Energy Finance Corporation (CEFC) has confirmed that during the 2017-18 financial year, it provided $1.1 billion towards renewable energy projects, including 10 large-scale solar projects.

In FY18, CEFC set a new record in investment commitments, 53 pct of which went into renewable energy. In the 12 months to 30 June 2018, the Australian government's green bank invested in 10 large-scale solar projects and four wind farms, to deliver an additional 1,100MW in clean energy across Australia. This included $94 million for the Kennedy Energy Park, Australia's first fully integrated hybrid project that will combine 43.2 MW in wind capacity, 15 MW of solar PV, and 2 MWh of battery storage, as well as projects delivering low-cost energy to large industrial and commercial energy users through innovative power purchase agreements.

Overall, the CEFC made commitments of $2.3 billion, with 39 direct investments in renewable energy, energy efficiency, transport and waste-related projects -- $939 million in energy efficiency, $100 million in transport and $127 million in waste-related projects. Since its founding in 2013, CEFC has financially underpinned 2,400 MW of renewable energy projects, including more than 20 large-scale solar farms and 10 wind farms Australia-wide. (Source: CEFC, July 30, 2018) Contact: Clean Energy Finance Corporation, www.cefc.com.au

More Low-Carbon Energy News Australia Renewable Energy,  


Australia's CEFC Invests $35Mn in Smart Meters (Int'l Report)
Clean Energy Finance Corp.,Landis+Gyr
Date: 2018-07-09
The Clean Energy Finance Corp (CEFC), an Australian government owned "green bank", reports it has invested $35 million in debt funding into smart meter technology provider intelliHUB -- a joint venture between Pacific Equity Partners and the Swiss-based global smart meter company LandisGyr.

The CEFC investment is part of a debt finance package to support intelliHUB's growth plans. The CEFC was established to facilitate increased flows of finance into the clean energy sector.

According to CEFC grid solutions and storage lead Simon Brooker, there are approximately 9 million metering points in the national electricity market and by accelerating their conversion to smarter technologies, consumers will benefit from more meaningful information relating to their energy consumption. (Source: CEFC, CIO, Twitter, 4 July, 2018) Contact: CEFC, Ian Learmonth, CEO, www.cefc.com.au; Landis+Gyr, Mike Cooper, General Manager of Distributed Generation and Energy Storage , http://landisgyr.com

More Low-Carbon Energy News Clean Energy Finance Corp ,  Smart Meter,  LandisGyr,  


CEFC Funds Zen Ecosystems Smart Thermostat Growth (Funding)
Zen Ecosystems,Clean Energy Finance
Date: 2018-04-30
A company that has developed a "smart thermostat" to allow businesses and homes to remotely control and reduce their energy consumption has received a In the Land Down Under, Zen Ecosystems -- which has developed intelligent energy management solutions that could save Australian businesses as much as 25 pct on their energy consumption -- reports receipt of $5 million (AUS) in equity funding from the Clean Energy Finance Corporation's (CEFC) innovation fund. The funds will be used to help the company expand their product roll-out in Australia and the US where they have already gained a foothold.

Zen Eco Systems' two main products are Zen Thermostat that allows homes to remotely control and reduce their energy consumption, and the Zen HQ, a low-cost cloud-based platform for smaller businesses trying to manage energy-intensive assets across single and multiple sites.

Zen Eco Systems is one of 10 companies working on a demand response trail with the Australian Energy Market Operator and Australian Renewable Energy Agency. As part of the project, Zen Ecosystems will deploy a network of connected, smart thermostats in commercial buildings and households in Victoria and South Australia. The network can then be controlled to reduce energy consumption when called upon by AEMO. (Source: Zen Ecosystems, Financial Review, 29 April, 2018) Contact: Zen Ecosystems, James McPhail, CEO, info@zenecosystems.com, www.zenecosystems.com; Clean Energy Finance, info@cefc.com.au; www.cefc.com.au

More Low-Carbon Energy News Zen Ecosystems,  Smart Thermostat,  Clean Energy Finance,  


CEFC Commits $250Mn to Energy Efficient Community Housing (Funding)
Clean Energy Finance Corporation
Date: 2018-02-12
In the Land Down Under, the Clean Energy Finance Corporation (CEFC) reports it will invest $250 million on a new , 1,000 home energy efficient community housing program in Sydney.

The new homes will be built to an average 7 star Nationwide House Energy Rating Scheme (NatHERS) rating. A higher rating means less energy goes to heating, cooling and powering appliances. The Australian government requires all new homes to have at least a 6 star NatHERS rating. However, a 7 star rating should translate into a 25 per cent cut in energy use compared with the average home.

According to the Australian Department of the Environment and Energy, Australian households are responsible for about 20 pct of greenhouse gas emissions. The average household generates more tham 7 tpy of greenhouse gas emissions. (Source: Clean Energy Finance Corporation, Energy Matters, 9 Feb., 2018) Contact: CEFC, info@cefc.com.au, www.cefc.com.au

More Low-Carbon Energy News Clean Energy Finance Corporation,  Energy Efficiency ,  


Aussie Oakey 2 Solar Farm Reaches Financial Close (Ind. Report)
Canadian Solar
Date: 2018-01-03
Guelph, Ontario-headquartered Canadian Solar Inc.reports the 70 MW Oakey 2 Solar Farm in Queensland, Australia has reached financial close with the Clean Energy Finance Corporation (CEFC) for a facility commitment of approximately A$55 million (US$42.8 million).

Canadian Solar has a EPC contract to complete the construction of the Oakey 2 Solar Farm as well as a 2 year O&M services contractfor the Oakey 2 Solar Farm which is expected to begin commercial operation in November 2018. Once operational, the project will generate approximately 138,800 MWh of clean solar power per year powering over 23,000 homes in Queensland.(Source: Canadian Solar Inc., PR, 2 Jan., 2018)Contact: Canadian Solar, Dr. Shawn Qu, CEO, www.canadiansolar.com

More Low-Carbon Energy News Solar,  Canadian Solar,  


Canadian Solar Selling Interests in Aussie Solar Farms (M&A)
Canadian Solar
Date: 2017-10-20
Guelph, Ontario-headquartered Canadian Solar Inc reports it has agreed to sell interests in three Australian solar farms with an aggregate 117 MWp to Foresight Solar Fund Limited ("FSFL"). The portfolio includes Longreach Solar Farm (17 MWp), Oakey 1 Solar Farm (30 MWp) and Oakey 2 Solar Farm (70 MWp) with FSFL acquiring 49 pct interests in each of Longreach and Oakey 1, and a 100 pct interest in Oakey 2. The Oakey 1 and Longreach facilities have 20-year PPAs with the Queensland Government and are under construction with connection to the grid expected in March and September 2018 respectively.

Both Oakey 1 and Longreach have been funded to date by equity from Canadian Solar, grants from the Australian Renewable Energy Agency (ARENA) , and senior debt from the Clean Energy Finance Corporation (CEFC) and Bank of Tokyo-Mitsubishi UFJ. (Source: Canadian Solar Inc., PR, 16 Oct., 2017) Contact: Canadian Solar, Dr. Shawn Qu, CEO, www.canadiansolar.com; Foresight Group, www.foresightgroup.com

More Low-Carbon Energy News Canadaian Solar,  Solar,  


CEFC Investing in Wattwatchers (Int'l., Ind. Report)
Wattwatchers ,Clean Energy Finance Corporation
Date: 2017-08-18
In Australia, Clean Energy Finance Corporation (CEFC) reports it is investing $2 million in Sydney, NSW-based clean-tech company Wattwatchers to help develop Wattwatchers' power-measuring system. The system tracks real-time energy consumption enabling consumers to better control of their power consumption.

The Wattwatchers system works with various cloud-hosted management interfaces and a wide range of software, and can be used across Australian residential, commercial, industrial and utility services. (Source: Energy Matters, 15 Aug., 2017) Contact: CEFC, Ian Learmonth, CEO, Blair Pritchard, Dir. Investment Development, 1300 002 332, info@cefc.com.au, www.cefc.com.au; Wattwatchers, +61 2 8316 7540, info@wattwatchers.com.au, www.wattwatchers.com.au

More Low-Carbon Energy News Clean Energy Finance Corporation,  Energy Management,  Energy Software,  Wattwatchers ,  


Aussie Carbon Capture Financing Options in Doubt (Int'l. Report)

Date: 2017-06-16
In the Land Down Under, the Liberal government of Prime Minister Malcolm B. Turnbull is seeking parliamentary approval for the nation's "green bank" -- the Clean Energy Finance Corporation -- to fund carbon capture and storage (CCS) projects. Both Labor and the Greens oppose the change.

The Labor party is opposed to the change and some Labor MPs question both the science and economic viability of the technology. The opposition also claims it is inappropriate for the Clean Energy Finance Corporation to fund CCS since it is forbidden to do so under existing legislation.

Proponents claim CCS has the potential to cut Australian coal and gas power plant emissions by as much as 90 pct. Opponents say CCS should be looked at for use in the manufacturing sector, to help industry cut emissions. (Source: APP, Various Media, June, 2017)

More Low-Carbon Energy News CCS,  Carbon Capture & Sequestration,  


Collie Synfuels Seeks Aussie Coal-to-Diesel Project Funding (Int'l)
Collie Synfuels
Date: 2017-06-09
In the Land Down Under, Collie Synfuels reports it is seeking $1.8 billion in funding from the federal Clean Energy Finance Corporation (CEFC) for the construction of two coal-to-diesel fuel plants at about $725 million each.

One plants it proposed near the CarbonNet carbon disposal project in Victoria's Latrobe Valley, and the other near the Collie South West Hub sequestration project in Western Australia. For the plants to be economically viable, the price of oil needs to be approximately $95 per barrel, according to Collie Synfuels. (Source: Collie Synfuels, Australia Financial Review, 7 June, 2017) Contact: Collie Synfuels, Collie Synfuels, director Costa Tsesmelis, MD, +61 (0)8 9446 9057, www.collie-synfuels.com

More Low-Carbon Energy News CCS,  Synfuel,  


Aussie Prohibition on CCS Funding May Soon be Lifted (Int'l)
Clean Energy Finance Corporation
Date: 2017-05-31
In the Land Down Under, the Australian Clean Energy Finance Corporation my soon be permitted to invest in carbon capture and storage (CCS) technology if the Turnbull government can convince parliament to approve the necessary regulatory changes. The $10 billion agency is presently banned from both nuclear and CCS technology investments.

The Business Council said carbon capture and storage technology would be critical in meeting Australia's emissions targets beyond 2030. The Australia Institute released a report on Tuesday that finds Australian governments have spent $1.3 billion on carbon capture and storage initiatives over the past 14 years with no large-scale projects resulting. (Source: Clean Energy Finance Corporation, news.com.au, 30 May, 2017) Contact: Clean Energy Finance Corporation, info@cefc.com.au, www.cleanenergyfinancecorp.com.au

More Low-Carbon Energy News Clean Energy Finance Corporation,  CCS,  Carbon Capture,  


Infigen Advances 113 MW New Zealand Wind Farm (Int'l Report)
Infigen Energy
Date: 2017-04-03
Australian renewable enrgy specialist Infigen Energy reports it has reached financial closure and is proceeding with construction of its wholly owned 113.2 MW Bodangora wind farm near Wellington, New Zealand. The $236 million project will be funded from a $163 million construction facility provided by NORD/LB and the Clean Energy Finance Corporation and $74 million1 of equity from Infigen. The project has a PPA with EnergyAustralia for 60 pct of its power production until 2030.

Bodangora wind farm will be built by a consortium comprising General Electric (GE) and civil-engineering construction company Civil & Allied Technical Construction (CATCON) under an engineering, procurement and construction (EPC) contract. Infigen will provide the equity funding and will operate the wind farm once completed. (Source: Infigen Energy, 31 Mar., 2017) Contact: Infigen, Richie Farrell, GM, Strategy & Corporate Affairs, +61 2 8031 9900 Rosalie Duff , Investor Relations, +61 2 8031 9901, rosalie.duff@infigenenergy.com, www.infigenenergy.com

More Low-Carbon Energy News Infigen Energy,  Wind,  


Aussie Solar, Hydro Energy Storage Project Underway (Int'l)
ARENA,Clean Energy Finance Corp., Genex Power
Date: 2017-02-15
In the Land Down Under, Sydney-based renewable energy and energy storage specialist Genex Power Ltd. reports it has secured a total of $100 million (AUS) ($76.8 million) in funding from the Clean Energy Finance Corp. (CEFC) and Societe Generale for the first phase of construction of a solar energy project in Kidston, Queensland. CEFC is providing $54 million of debt financing and the Australian Renewable Energy Agency (ARENA) is adding $8.85 million in grant funding.

Upon completion of the first phase in Q1 of 2018, the solar power plant is expected to generate 145.9 GWh per year of electricity, which is sufficient for about 26,500 homes.

The company has now finalized funding for all EPC and O&M requirements of the project, which will eventually be expanded to include a 250 MW pumped hydro storage installation. Genex has begun construction of the first phase of the project and is now seeking financing support for the second phase, according to a statement to the Australian Securities Exchange. (Source: Genex Power, Clean Energy Finance Corp., PV Mag, 14 Feb., 2017) Contact: ARENA, Ian Kay, Acting CEO, 011 +61 2 6243 7773, arena@arena.gov.au, http://arena.gov.au; Clean Energy Finance Corp., www.cefcexpertreview.gov.au; Genex Power Lid., www.genexpower.com.au

More Low-Carbon Energy News ARENA,  Clean Energy Finance Corp.,  Solar,  Genex Power,  

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