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Saturday, 20 October 2018

Australian renewables

Risks grow on Oz renewables

PFI Issue 635, October 17, 2018

Risks are starting to emerge in the Australian renewables market. Falling spot prices and grid capacity are two of them. By John Arbouw.

Peninsula Link refi sees 10-year debt

PFI Issue 635, October 17, 2018

Plenary Group, which took over the asset management but not the ownership of the Peninsula Link toll road in southern Melbourne in 2016 from owner Southern Way, has completed a A$646m (US$457m) refinancing of the availability PPP project.

Sydney Airport gets US PP

PFI Issue 635, October 17, 2018

Sydney Airport has completed a A$400m (US$282m) bond issue in the US private placement market to repay all its drawn bank debt.

Registration opens for Inland Rail PPP

PFI Issue 635, October 17, 2018

The Australian Rail Track Corporation (ARTC) has opened a registration of interest (ROI) process for the Inland Rail PPP project.

Macquarie joins Asia Renewable Energy Hub

PFI Issue 635, October 17, 2018

Macquarie has become a partner alongside InterContinental Energy, Vestas and CWP Energy Asia in the estimated A$22bn (US$15.5bn) Western Australian project to build more than 11GW of solar and wind and a possible underground sea cable to Indonesia.

Neoen scales back energy hub

PFI Issue 635, October 17, 2018

Neoen Australia has agreed to scale back its proposed A$500m (US$354m) Crystal Brook Energy Park in South Australia following opposition from local groups.

CEFC funds waste recycling

PFI Issue 635, October 17, 2018

The Clean Energy Finance Corp (CEFC) has provided a A$30m (US$21.4m) debt facility to Visy Industries to increase its waste recycling and processing capabilities in Melbourne.

Origin Energy signs PPA with councils

PFI Issue 635, October 17, 2018

Origin Energy, which signed a 15-year power purchase agreement (PPA) with the sponsors of the 56MW Moree solar farm in New South Wales in 2016, has signed a 12-year PPA with 19 local councils to onsell part of its PPA capacity.

Bookaar solar project knocked back

PFI Issue 635, October 17, 2018

The sponsor of the A$150m (US$106m) 200MW Bookaar solar project near Camperdown in Victoria has been refused planning approval by the local council.

Flow Power signs new PPA deal

PFI Issue 635, October 17, 2018

Budding renewable energy retailer Flow Power, which is 51% owned by Canada’s OP Trust, has signed a power purchase agreement (PPA) with CWP Renewables and Partners Group to take 50MW from their 270MW Sapphire wind farm in New South Wales.

Risen energy buys Merredin Solar

PFI Issue 635, October 17, 2018

Chinese panel maker Risen Energy is reported to have bought the 100MW Merredin solar farm in Western Australia from Stellata Energy for an undisclosed sum.

Katherine Solar secures PPA

PFI Issue 635, October 17, 2018

The A$40m (US$28m) 25MW Katherine Solar project in the Northern Territory being developed by Epuron and Island Green Power has secured a 12-year power purchase agreement (PPA) with government-owned Jacana Energy. This agreement between Katherine Solar and Jacana will increase renewable energy use in the Territory by between 3% and 4%.

Victoria approves Congupna solar

PFI Issue 635, October 17, 2018

The Victorian government has approved the A$48m (US$34m) 68MW Congupna solar project near Shepparton in Victoria that will be developed by Spanish group X-Elio. The group set up an office in Melbourne last year.

Maoneng reaches FC on Sunraysia solar

PFI Issue 635, October 17, 2018

Chinese group Maoneng has reached financial close on the A$370m (U$260m), 255MW Sunraysia solar farm at Balranald in New South Wales.

Pluto LNG expansion on track

PFI Issue 635, October 17, 2018

Western Australian oil and Gas company Woodside is moving forward with expansion of its Pluto LNG project by choosing Bechtel to do the FEED contract for the second train.

APLNG refinances debt

PFI Issue 635, October 17, 2018

The financing arm of the APLNG coal seam gas project in Queensland has refinanced US$1.4bn of its bank debt through a private placement in the US 4a2 market. The tenor is 12 years and the coupon 4.82%.