Open for business Financing the clean energy boom
|
|
- Gerard Mason
- 6 years ago
- Views:
Transcription
1 Avoca Capital Advisors May 2017 Open for business Financing the clean energy boom Avoca Capital Advisors 18 July 2017
2 Raising and investing equity in Australian renewables Avoca Capital Advisors Principal investment, asset management and advisory services to the infrastructure and renewables sector, working closely with: Large sources of capital seeking investment opportunities Developers and operators seeking to raise capital for their projects Overview Sourcing of equity capital for renewable projects: Unlisted market superannuation funds, institutional and wholesale financial investors Listed market Institutional and retail investors Key trends in equity capital markets Key opportunities for investing capital in Australian renewables
3 Unlisted capital markets Renewable assets are often considered a sub-set of infrastructure assets Risk-return profile commonly evaluated in the same way as traditional infrastructure assets Characteristics of traditional infrastructure assets Provide essential services Monopolies or have significant barriers to entry Long asset lives (30+ years) High capital costs, but low operating costs Exhibit long-term, stable cash flows with relatively low volatility Inflation-linked pricing, with low correlation to macro-economic conditions
4 Unlisted capital markets To date, long-hold capital has been attracted to renewable assets that: Are operational, with no development and minimal construction risk Construction risk limited to claims under EPC arrangements Have long-term off-take arrangements, with low-risk counterparties Typically government entities or large electricity retailers Have long operating lives, with off-take arrangements covering the majority of the assumed asset life Minimal value in the tail, thereby minimising revenue risk Can attract debt financing on commercial terms Gearing of >50% sought under long-term facilities
5 Unlisted capital markets Key capital commitments to renewables in CY2016 AGL Energy / QIC ~$3 billion Palisade & CEFC ~$1 billion Impact Investment Group ~$100 million Lighthouse ~$100 million CEFC & ARENA ~$1 billion Projects with committed financing in 2016 include: Wind Capacity Project (MW) Sapphire wind farm Hornsdale stages 2 & Mount Emerald White Rock Mount Gellibrand stage Solar Capacity Project (MW) Clare Valley Solar Sun Metals 98.5 Kidson 50.0 Emu Downs 20.0 Valdora 15.0 Projects supported but yet to be committed include: Solar Capacity Project (MW) Darling Downs solar farm Lilyvale Tailem Bend Whitsunday 58.1 Parkes 50.6 Manildra 42.5 Collinsville 42.0
6 Unlisted capital markets Key trends Increasing appetite for merchant risk Increasing life of assets, including assumed refurbishment of assets Unbundling of off-take arrangements, with greater segregation of risk Key risks Impact of battery and other storage technologies Potential for policy response to high energy prices Continued regulatory uncertainty: RET from 2020, and pricing of LGCs Existence of RET from 2030 Increasing appetite for construction risk, and for certain development risk Greater scale, through larger solar projects and aggregation of assets Uncertainty in AEMO market regulation and dispatch rules Uncertainty in domestic gas supply
7 Listed capital markets Relative to unlisted investors, listed capital has demonstrated: A greater appetite for merchant risk Willingness to fund development and construction risk Willingness to invest in new technologies Ability to provide capital for smaller projects Key risks of sourcing listed capital include: Share price volatility, with value based on market forces, as well as intrinsic value Temporary closure of markets, causing inability to access further capital when required
8 Opportunities for investment State initiatives New South Wales NSW Climate Change Fund committed to: Enter into long term power purchase agreements for 50MW from NSW solar farms Investigate a competitive contracts of difference model to support up to 250MW of new large scale renewables generation Victoria Victorian government has a renewables generation target of 25% by 2020 and 40% by 2025 Victorian Renewables Energy Target (VRET) Intends to implement a scheme of awarding long term contracts to renewable energy projects Intends to allocate 20% of scheme to support solar projects Queensland Queensland government has a target of sourcing 50% of electricity from renewable projects by 2030 Renewable Energy Expert Panel recommended establishment of a reverse auction contracts for difference scheme to achieve target Recommended government implement scheme in to support 400MW of projects South Australia South Australia has a renewable energy production target of 50% by 2025 Over 40% of South Australia s production was from renewable sources in 2015/16 New $150 million renewable energy fund to encourage new investment announced as part of the South Australia s Energy Plan 2017
9 Opportunities for investment Projects located in states that are net energy importers, such as NSW and South Australia Batteries and storage assets, whether intended for firming, price arbitrages or back-up support Divestment of assets by developers, particularly where developer is also a key supplier under the EPC agreement Aging assets, particularly wind, that can become significantly more efficient following an upgrade of equipment Joint ventures with large energy consumers seeking pricing certainty, particularly where land is available Accumulation of assets to achieve meaningful scale
10
The Australian national electricity market
The Australian national electricity market Are you managing your risks? AusIMM Technical presentation John Bartlett and Patrick Booth 26 April 2017 john.bartlett@energetics.com.au and patrick.booth@energetics.com.au
More informationTilt Renewables Limited [NZX, ASX:TLT] released its Financial Result on 11 May 2017.
Market Announcement Dated:12 May 2017 CORRECTIONS TO FULL YEAR RESULT PRESENTATION Tilt Renewables Limited [NZX, ASX:TLT] released its Financial Result on 11 May 2017. In the FY17 Balance Sheet ratios
More information1. THE CEFC S ROLE IN FACILITATING THE FLOW OF FINANCE INTO THE CLEAN ENERGY SECTOR
EXECUTIVE SUMMARY Through its four and a half years of investing in Australia s clean energy sector, the Clean Energy Finance Corporation has demonstrated its value as an integral part of Australia s climate
More informationINFIGEN ENERGY FY16 FULL YEAR RESULTS
29 August 2016 INFIGEN ENERGY FY16 FULL YEAR RESULTS Infigen Energy (ASX: IFN) today announced its financial and operational results for the year ended 30 June 2016 (FY16). Infigen reported a statutory
More informationLARGE SCALE SOLAR INNOVATION SHOWCASE
LARGE SCALE SOLAR INNOVATION SHOWCASE OUTLINE Australia s policy framework for commercialisation of Large Scale Solar Global Pricing Context Localising Global Technological Innovations Changing frame of
More informationFull Year Results for the year ending 31 March May 2018
Full Year Results for the year ending 31 March 2018 10 May 2018 Contents 1. Tilt Renewables Value Proposition and FY18 Highlights 2. FY18 Financial Results 3. Delivery and Growth 4. FY18 Scorecard and
More informationNSW GUIDE POWER PURCHASE OCTOBER Helping energy buyers to make the most of the growing NSW renewable energy opportunity
NSW GUIDE to CORPORATE POWER PURCHASE AGREEmENTS OCTOBER 2018 Helping energy buyers to make the most of the growing NSW renewable energy opportunity THIS PUBLICATION HAS BEEN PUBLISHED IN PARTNERSHIP WITH:
More informationASIC Regulatory Guide 231 disclosure against the benchmarks and disclosure principles
ASIC Regulatory Guide 231 disclosure against the benchmarks and disclosure principles A. Infigen provides the following information responding to the benchmarks included within ASIC Regulatory Guide 231.
More informationGREEN HEDGING: A GUIDE TO STRUCTURING CORPORATE RENEWABLE PPAs
GREEN HEDGING: A GUIDE TO STRUCTURING CORPORATE RENEWABLE PPAs This research has been supported by a financial contribution made by the New South Wales Government Office of Environment and Heritage. THIS
More informationUtility scale solar PV projects
Utility scale solar PV projects These precedent Project Documents aim to provide a strong base for delivering a solar PV facility from initiation to operation, for developers of all experience levels.
More informationAGL Energy Half-Year Report. For the period ended 31 December 2018
AGL Energy Half-Year Report For the period ended 31 December 2018 AGL Energy Limited Half-Year Report 2019 Inside AGL's Half-Year Report This report is intended to provide information on AGL's performance
More informationINFIGEN ENERGY FULL YEAR RESULTS
INFIGEN ENERGY FULL YEAR RESULTS 12 MONTHS ENDED 30 JUNE 2017 24 AUGUST 2017 For further information please contact: ir@infigenenergy.com +61 2 8031 9900 Richie Farrell Marju Tonisson General Manager,
More informationTilt Renewables results announcement for the half year ended 30 September 2017
Market Announcement Dated: 1 November 2017 Tilt Renewables results announcement for the half year ended 30 September 2017 Tilt Renewables Limited and its subsidiaries ( Tilt Renewables or Group ) released
More informationINFIGEN ENERGY EQUITY RAISING
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES INFIGEN ENERGY EQUITY RAISING INVESTOR PRESENTATION 3 April 2017 For further information please contact: ir@infigenenergy.com +61 2 8031 9900 Richie
More informationIs 2016 a game changer for renewable investment?
Is 2016 a game changer for renewable investment? Presentation at the by Matt Rennie, EY 4 October 2016 Matt Rennie EY Oceania Power and Utilities leader, EY Global Leader Transactions, Power and Utilities
More informationMaking solar an attractive investment. 24th March 2014
Making solar an attractive investment 24th March 2014 Key Messages Solar projects are expected to play a major role in power generation in Australia Soleir s tax effective project financing reduces cost
More informationEnergy Consumer Sentiment Survey Findings. Queensland
Energy Consumer Sentiment Survey Findings Queensland July 2016 Research findings 2 Energy Consumer Sentiment Survey, July 2016 Queensland Energy Consumer Australia tracks consumer and small business sentiment
More informationInterim Results for the 6 months ending 30 September October 2018
Interim Results for the 6 months ending 30 September 2018 30 October 2018 Highlights for first half FY19 Operating portfolio has capitalised on strong wind conditions. Delivery of 54MW Salt Creek Wind
More informationTilt Renewables Interim Report 2017
Tilt Renewables Interim Report 2017 Interim Report 2017 / 1 Chief Executive Officer Report This document comprises the interim report of Tilt Renewables Limited for the six month period ended. Key highlights
More informationACQUISITION OF BOMEN SOLAR FARM WEDNESDAY, 17 APRIL 2019
ACQUISITION OF BOMEN SOLAR FARM WEDNESDAY, 17 APRIL 2019 A FIRST STEP INTO RENEWABLE ENERGY Spark Infrastructure has acquired 100% interest in the 120MW DC /100MW AC Bomen Solar Farm, with total cost at
More informationManagement Discussion and Analysis of Financial and Operational Performance for the year ended 30 June 2015
Management Discussion and Analysis of Financial and Operational Performance for the year ended 30 June 2015 31 August 2015 All figures in this report relate to businesses of the Infigen Energy Group (
More informationSNOWY HYDRO LIMITED STATEMENT OF CORPORATE INTENT 2014
SNOWY HYDRO LIMITED STATEMENT OF CORPORATE INTENT 2014 1. INTRODUCTION This for Snowy Hydro Limited ( Snowy Hydro or the Company ) continues a focus on the continued development and augmentation of Snowy
More informationCLICK TO EDIT. Annual Results Investor Briefing 3 May 2016
CLICK TO EDIT Annual Results Investor Briefing 3 May 2016 Disclaimer This presentation has been prepared by Trustpower Limited(Trustpower) in relation to a proposed demerger transaction(demerger). Information:
More informationMarch, Minute Settlement. Assessing the Impacts. Report Prepared for Australian Energy Council
March, 217 5-Minute Settlement Assessing the Impacts Report Prepared for Australian Energy Council [Type text] [Type text] [Type text] 1 5-MINUTE SETTLEMENT RULE CHANGE Executive summary This paper has
More informationCLICK TO EDIT. Infratil Investor Day 13 April 2016
CLICK TO EDIT Infratil Investor Day 13 April 2016 Disclaimer This presentation has been prepared by Trustpower Limited (Trustpower) in relation to a proposed demerger transaction (Demerger). Information:
More informationAPA s Infrastructure connecting Australia s energy future.
APA s Infrastructure connecting Australia s energy future. Presentation by Mick McCormack, Managing Director & CEO To the Macquarie Australia Conference 02 May 2017 disclaimer This presentation has been
More informationFinancial Results Half year ended 31 December February 2012
Financial Results Half year ended 31 December 2011 22 February 2012 Result overview and strategic highlights Mick McCormack Managing Director and CEO 1H 2012 Results Presentation 2 Delivering on strategy
More informationASX ANNOUNCEMENT. Preliminary Financial Report. 30 August Michael Ottaviano Chief Executive Officer & Managing Director
ASX ANNOUNCEMENT 30 August Preliminary Financial Report Carnegie Clean Energy Limited (ASX:CCE) today released its Appendix 4E and Preliminary Financial Report. Audited financial results will be released
More informationSapphire Wind Farm Community Co-Investment Frequently Asked Questions (FAQs) December 2018
Sapphire Wind Farm Community Co-Investment Frequently Asked Questions (FAQs) December 2018 What does community co-investment mean and involve? Community co-investment is when a community investment vehicle
More informationSEPTEMBER 2018 INTERIM REPORT TILT RENEWABLES LIMITED
SEPTEMBER 2018 INTERIM REPORT TILT RENEWABLES LIMITED Salt Creek Wind Farm Australia CHIEF EXECUTIVE OFFICER REPORT Tilt Renewables Limited is pleased to present this interim report for the six-month period
More informationAustralasian Cleantech Review, 2014 Asia Drives Investment & Trade
Report Supporters: Australian CleanTech 8 Arunga Close Goodwood, SA 5034 ABN:66 124 840 491 Hwww.auscleantech.com.au Australasian Cleantech Review, 2014 Asia Drives Investment & Trade Industry Status &
More informationNew South Wales Climate Change Policy Framework
New South Wales Climate Change Policy Framework DECEMBER 2016 Business Council of Australia December 2016 1 Contents About this submission 2 Key considerations 2 Key issues 4 National policy and legislation
More informationEnergy Consumer Sentiment Survey Findings
Energy Consumer Sentiment Survey Findings December 2016 Research findings 2 Energy Consumer Sentiment Survey, December 2016 Energy Consumers Australia tracks consumer and small business sentiment to inform
More informationNATIONAL ENERGY GUARANTEE
ENERGY SECURITY BOARD NATIONAL ENERGY GUARANTEE COAG ENERGY COUNCIL DECISION PAPER 23 July 2018 1 Dr Kerry Schott AO INDEPENDENT CHAIR Energy Security Board Clare Savage INDEPENDENT DEPUTY CHAIR Energy
More informationQ4 FY14. A-REIT HIGHLIGHTS A snapshot of Australian Real Estate Investment Trusts transaction activity
Q4 FY A-REIT HIGHLIGHTS A snapshot of Australian Real Estate Investment Trusts transaction activity A-REIT HIGHLIGHTS 1 A snapshot of Australian Real Estate Investment Trusts transaction activity The Australian
More informationBank Financing Solar PV. Ireland s Solar Energy Future Cork 29 th January 2016
Bank Financing Solar PV Ireland s Solar Energy Future Cork 29 th January 2016 1 Content 1. Triodos Bank Group Overview 2. Examples of types of solar projects financed 3. Raising Equity from the Crowd 4.
More informationBehind the Meter Solar PV Funding Guidebook
Behind the Meter Solar PV Funding Guidebook DISCLAIMER Subject to the below, the copyright in this Guidebook belongs to Frontier Impact Group and this document must not be copied or reproduced in any other
More informationClimate Finance and Financial Markets in Australia: The CEFC and ARENA
Climate Finance and Financial Markets in Australia: The CEFC and ARENA Monique Miller* Australia has two key Commonwealth government funding organisations that support the development of projects that
More informationAppendix 4D. Half Year Report to the Australian Stock Exchange
Appendix 4D to the Australian Stock Exchange Name of Entity Boom Logistics Limited ABN 28 095 466 961 Half Year Ended 31 December 2014 Previous Corresponding Reporting Period 31 December 2013 Results for
More informationDIRECTORS REPORT DIRECTORS INFIGEN ENERGY ANNUAL REPORT Non-executive Directors. Executive Directors. Further Information on Directors
INFIGEN ENERGY ANNUAL REPORT 2017 DIRECTORS REPORT DIRECTORS The of Infigen Energy Limited and the of Infigen Energy RE Limited, the Responsible Entity of Infigen Energy Trust, present their report together
More informationBringing Clean Energy Projects To Reality: Presentation to the Global Workshop on Clean Energy Development
Bringing Clean Energy Projects To Reality: Presentation to the Global Workshop on Clean Energy Development Bret J. Logue Managing Director, Wellford Energy Group Introduction to the Wellford Energy Group
More informationORIGIN ENERGY. Operating and Financial Review For the half year ended 31 December 2016
ORIGIN ENERGY Operating and Financial Review For the half year ended 31 December 2016 This report is attached to and forms part of the Directors Report. IMPORTANT INFORMATION This Operating and Financial
More informationElectricity Pricing Event Reports
Electricity Pricing Event Reports SEPTEMBER 2015 TABLE OF CONTENTS Friday 17 September 2015 High Energy price SA... 2 Tuesday 22 September 2015 High Energy price SA, VIC, TAS... 2 Wednesday 23 September
More informationINFIGEN ENERGY ANNUAL FINANCIAL REPORT 2017 FOR THE YEAR ENDED 30 JUNE 2017 TOGETHER WITH THE DIRECTORS REPORT
INFIGEN ENERGY ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE TOGETHER WITH THE DIRECTORS REPORT CONTENTS Corporate Structure 3 Directors Report 4 Directors 4 Operating and Financial Review 9 Remuneration
More informationOperating & Financial Review. 1. About AGL
Operating & Financial Review For the year ended Contents 1 About AGL 1.1. Operating Segments 1.2. Significant Changes to Assets 2. Review of Financial Position 2.1. Hedging Position 3. Business Strategies
More informationElectricity market models. Design of the National Electricity Market
Electricity market models Design of the National Electricity Market CEEM 2006 Gross pool (eg NEM): Temporal & location risk managed collectively: Ancillary services, spot market, PASA, SOO Net pool (eg
More informationINFIGEN ENERGY 2017 ANNUAL GENERAL MEETING. 22 November 2017
INFIGEN ENERGY 2017 ANNUAL GENERAL MEETING 22 November 2017 WELCOME & INTRODUCTIONS Mike Hutchinson Chairman 2 Infigen Directors and Company Secretary ROSS ROLFE AO Managing Director / CEO SYLVIA WIGGINS
More informationINVESTMENT IN AUSTRALIAN REAL ESTATE BY A FOREIGN INVESTOR
INVESTMENT IN AUSTRALIAN REAL ESTATE BY A FOREIGN INVESTOR PREPARED BY: Chartered Accountants Business Advisers and Consultants Suite 201, Level 2 65 York Street Sydney NSW 2000 Australia Telephone: 61+2+9290
More informationRenewable Energy Hub Knowledge Sharing Report. 2 June Version 23.0
Renewable Energy Hub Knowledge Sharing Report 2 June 2016 Acknowledgement The production of this report has been generously supported with funding made available by the Australian Renewable Energy Agency
More informationSOUTH AUSTRALIA NEW SOUTH WALES INTERCONNECTOR
REPORT TO ELECTRANET 11 FEBRUARY 2019 SOUTH AUSTRALIA NEW SOUTH WALES INTERCONNECTOR UPDATED ANALYSIS OF POTENTIAL IMPACT ON ELECTRICITY PRICES AND ASSESSMENT OF BROADER ECONOMIC BENEFITS ACIL ALLEN CONSULTING
More informationCurriculum Vitae Peter Eben, Director
Curriculum Vitae Peter Eben, Director Peter has a broad understanding of the carbon and energy markets through both direct and advisory experience, having worked for AGL, Pulse Energy, United Energy and
More informationPowering today, protecting tomorrow. MERIDIAN ENERGY LIMITED I investor roadshow presentation
Powering today, protecting tomorrow Disclaimer The information in this presentation was prepared by Meridian Energy with due care and attention. However, the information is supplied in summary form and
More informationStamp Duty on Transfers of Land
Stamp Duty on Transfers of Land New South Wales NON-FIRST HOME BUYER - STAMP DUTY PAYABLE - NSW $0 - $14,000 $1.25 for every $100 or part of the dutiable value $14,001 - $30,000 $175 plus $1.50 for every
More informationFor personal use only
Half-Yearly Report 1 Half-Yearly Report For the 6 month period ended 31 December 2017 ABN 18 152 098 854 Half-Yearly Report 2 CONTENTS Directors Report 03 Auditor s Independence Declaration 05 Financial
More informationINFIGEN ENERGY INTERIM RESULTS
INFIGEN ENERGY INTERIM RESULTS Six months ended 31 December 2017 19 February 2018 For further information please contact: ir@infigenenergy.com +61 2 8031 9900 About Infigen Energy (Infigen) Infigen actively
More informationPassing the repeal of the carbon tax back to wholesale electricity prices
University of Wollongong Research Online National Institute for Applied Statistics Research Australia Working Paper Series Faculty of Engineering and Information Sciences 2014 Passing the repeal of the
More informationCLEAN ENERGY FINANCE CORPORATION Corporate Plan 2015 / 2016
CLEAN ENERGY FINANCE CORPORATION Corporate Plan 2015 / 2016 CEFC Mission To accelerate Australia s transformation towards a more competitive economy in a carbon constrained world, by acting as a catalyst
More informationGenex Power (ASX:GNX)
A research initiative by Canaccord Genuity Genex Power (ASX:GNX) Excellent progress for Kidston green energy hub in North QLD Key Facts Company Code Share Price Performance 0.30 0.25 0.20 0.15 0.10 0.05
More informationNEM EVENT - DIRECTIONS TO THERMAL SYNCHRONOUS GENERATORS DURING SOUTH AUSTRALIA MARKET SUSPENSION 9 AND 11 OCTOBER 2016
NEM EVENT - DIRECTIONS TO THERMAL SYNCHRONOUS GENERATORS DURING SOUTH AUSTRALIA MARKET SUSPENSION 9 AND 11 OCTOBER 2016 PREPARED BY: Markets Department DOCUMENT REF: NEM ER 16/012 DATE: 26 April 2017 FINAL
More informationCBD Energy Limited ACN
CBD Energy Limited ACN 010 966 793 Appendix 4E Preliminary Final Report 30 June Lodged with the ASX under Listing Rule 4.3A CBD ENERGY LIMITED REGISTERED OFFICE Suite 2, Level 2, 53 Cross Street, Double
More informationEnergy Developments (ASX: ENE) Morgans Queensland Conference
Energy Developments (ASX: ENE) Morgans Queensland Conference 8 October 2014 Greg Pritchard Managing Director Leaders in Remote and Clean Energy Disclaimer Important Notice and Disclaimer This presentation:
More informationInfratil 2018 Full Year Result. 17 May 2018
Infratil 2018 Full Year Result 17 May 2018 Full Year Overview New platforms gathering momentum while core businesses deliver strong results Strong performances from Trustpower, Wellington Airport and Canberra
More information2017 Tax Contribution Report for the year ended 31 December energyaustralia.com.au
2017 Tax Contribution Report for the year ended 31 December energyaustralia.com.au Contents 1. MESSAGE FROM THE CHIEF FINANCIAL OFFICER... 3 2. OVERVIEW OF ENERGYAUSTRALIA... 4 3. TAX POLICY, RISK MANAGEMENT
More informationinsynergy Property Investment Education and Strategy Workshop
insynergy Property Investment Education and Strategy Workshop The insynergy property education and strategy workshop is a powerful, knowledge-based session designed to deliver investors a sound understanding
More informationINTERIM FINANCIAL REPORTS
ASX ANNOUNCEMENT 20 February 2013 APA Group (ASX: APA) (also for release to APT Pipelines Limited (ASX: AQH)) INTERIM FINANCIAL REPORTS The following announcements are attached for release to the market:
More information8 th March Energy Security Board c/- COAG Energy Council Secretariat Department of the Environment and Energy GPO Box 787 CANBERRA ACT 2601
8 th March 2018 Energy Security Board c/- COAG Energy Council Secretariat Department of the Environment and Energy GPO Box 787 CANBERRA ACT 2601 PO Box 63, Dickson ACT 2602 Ph: 6267 1800 info@aluminium.org.au
More informationStudy of Australian Superannuation Fund attitudes to Hedge Fund investing. January 2006
Study of Australian Superannuation Fund attitudes to Hedge Fund investing January 2006 Australian Hedge Fund Study 2006 FOREWORD In Australia, superannuation funds are a major source of capital for the
More informationSUBCHAPTER 100. ABSOLUTE RETURN STRATEGY INVESTMENTS N.J.A.C. 17:16-100
SUBCHAPTER 100. ABSOLUTE RETURN STRATEGY INVESTMENTS 17:16-100.1 Definitions N.J.A.C. 17:16-100 The following words and terms, as used in this subchapter, shall have the following meanings, unless the
More informationDRAFT REPORT: AEMO GAS MARKET FEE METHODOLOGY DRAFT REPORT
DRAFT REPORT: AEMO GAS MARKET FEE METHODOLOGY DRAFT REPORT Published: 22 December 2014 CONTENTS CHAPTER 1 DRAFT REPORT OVERVIEW 3 1.1 Key information 3 1.2 Guiding principles 4 1.3 Summary of key changes
More informationRESULTS FOR ANNOUNCEMENT TO THE MARKET
Friday, 21 August 2015 RESULTS FOR ANNOUNCEMENT TO THE MARKET In accordance with the listing rules, please find attached the following documents relating to ERM Power s results for the 12 months ended
More informationFor personal use only
Appendix 4D Half-Yearly Report For the 6 month period ended 31 December 2018 ABN 18 152 098 854 1 Estrella Resources Limited CONTENTS 1. Directors Report... 3 2. Auditors Independence Declaration... 5
More informationAustralian Pipeline Trust
Australian Pipeline Trust Results for announcement to the market For the half year ended 31 December 2017 Appendix 4D Statutory and Normalised Results Change Amount $ 000 Revenue up 0.8% to 1,188,649 EBITDA
More informationLevel 24, 200 George St. Sydney NSW 2000 Australia
AGL Energy Limited Locked Bag 1837 Level 24, 200 George St T: +61 2 9921 2999 ABN: 74 115 061 375 St Leonards NSW 2065 Australia Sydney NSW 2000 Australia F: +61 2 9921 2552 www.agl.com.au ASX & Media
More informationLevel 24, 200 George St. Sydney NSW, 2000 Australia
AGL Energy Limited Locked Bag 1837 Level 24, 200 George St T: +61 2 9921 2999 ABN: 74 115 061 375 St Leonards NSW 2065 Australia Sydney NSW, 2000 Australia F: +61 2 9921 2552 www.agl.com.au ASX & Media
More informationDIVERSIFICATION IN INVESTMENT & THE QUEENSLAND ECONOMY
DIVERSIFICATION IN INVESTMENT & THE QUEENSLAND ECONOMY Jim Christensen Managing Director, Global Multi-Asset State Investment Advisor 21 October 2016 QIC Limited ACN 130 539 123 ( QIC ) is a wholesale
More informationCLEAN ENERGY TARGET: POLL OF AUSTRALIANS SEPTEMBER 2017 CLIMATECOUNCIL.ORG.AU
CLEAN ENERGY TARGET: POLL OF AUSTRALIANS SEPTEMBER 2017 CLIMATECOUNCIL.ORG.AU Climate Council The Climate Council is an independent, crowd-funded organisation providing quality information on climate change
More informationAPA investor information and FY14 highlights. September 2014
APA investor information and FY14 highlights September 2014 About APA Group APA is Australia s largest gas infrastructure business Gas transmission pipelines and storage Owning and operating two thirds
More informationRESULTS PRESENTATION. For the fiscal half year ended September 30, November 12, 2018
RESULTS PRESENTATION For the fiscal half year ended September 30, 2018 November 12, 2018 DISCLAIMER This presentation contains "forward-looking statements relating to VivoPower International PLC ( VivoPower
More informationAspiring always to lead strategy performance growth
Aspiring always to lead strategy performance growth Annual Report 2011 contents 1. A message from your Chairman and Managing Director 1 2. Management Discussion and Analysis 4 3. Directors Report 25 4.
More informationCRAIGS QUEENSTOWN INVESTOR DAY. MERIDIAN ENERGY LIMITED MANAGEMENT PRESENTATION
CRAIGS QUEENSTOWN INVESTOR DAY. MERIDIAN ENERGY LIMITED MANAGEMENT PRESENTATION Meridian a reminder. $7b company, listed in 2013, 51% Government owned New Zealand s largest generator, from purely renewable
More informationPOWER SYSTEM NOT IN A SECURE OPERATING STATE IN VICTORIA ON 15 JUNE 2016 REVIEWABLE OPERATING INCIDENT REPORT UNDER THE NATIONAL ELECTRICITY RULES
POWER SYSTEM NOT IN A SECURE OPERATING STATE IN VICTORIA ON 15 JUNE 2016 REVIEWABLE OPERATING INCIDENT REPORT UNDER THE NATIONAL ELECTRICITY RULES Published: November 2016 INCIDENT CLASSIFICATIONS Classification
More informationTilt Renewables. Management roadshow
S E P T E M B E R T W E N T Y S I X T E E N Tilt Renewables Management roadshow Disclaimer This presentation has been prepared by Trustpower Limited (Trustpower) in relation to a proposed demerger transaction
More informationIntroduction 3. Corporate purpose and objectives 4. Ethics & Values 5. Energy Operations 6. Water Operations 8. Dividends 9.
CONTENTS Introduction 3 Corporate purpose and objectives 4 Ethics & Values 5 Energy Operations 6 Water Operations 8 Dividends 9 Credit Rating 10 Accountability & Reporting 10 Risk Management 11 Performance
More informationDraft report. Structure of participant fees in AEMO s gas markets February Australian Energy Market Operator Limited
Draft report Structure of participant fees in AEMO s gas markets 2018 20 February 2018 Australian Energy Market Operator Limited Background AEMO is conducting a consultation on the structure of Participant
More informationAFG s latest Mortgage Index results released today shows that major structural change in the Australian lending landscape is continuing.
13 October 2017 Regulator activity begins to bite AFG s latest Mortgage Index results released today shows that major structural change in the Australian lending landscape is continuing. Today s results
More informationPowering today, protecting tomorrow. MERIDIAN ENERGY LIMITED annual results roadshow presentation
Powering today, protecting tomorrow Disclaimer The information in this presentation was prepared by Meridian Energy with due care and attention. However, the information is supplied in summary form and
More informationESTIMATED ENERGY COSTS
REPORT TO QUEENSLAND COMPETITION AUTHORITY 9 MAY 217 ESTIMATED ENERGY COSTS 217-18 RETAIL TARIFFS FOR USE BY THE QUEENSLAND COMPETITION AUTHORITY IN ITS FINAL DETERMINATION ON RETAIL ELECTRICITY TARIFFS
More informationBatteries Charge up for the Electric Grid
Batteries Charge up for the Electric Grid Swami Venkataraman, Senior Vice President, Global Project & Infrastructure Finance October, 2017 Battery costs are declining faster than expected Source: IEA Global
More informationTFS SUNPACT Renewable Energy Solutions Corporate PPA Procurement
TFS SUNPACT Renewable Energy Solutions Corporate PPA Procurement July 2017 Contents. The Problem what s the challenge for corporates? The Corporate PPA models & Integration A Solution Modeled Renewable
More informationNew York State Initiatives and Futures
New York State Initiatives and Futures NY Green Bank s Evolving Role in the Marketplace Solar & Storage Finance USA October 30, 2017 New York, NY NY Green Bank Advances New York s Clean Energy Investments
More informationRenewable Energy in Mexico - update on the auctions and investment opportunities. Santiago Ross Associate Norton Rose Fulbright LLP 22 November 2017
Renewable Energy in Mexico - update on the auctions and investment opportunities Santiago Ross Associate Norton Rose Fulbright LLP 22 November 2017 Renewable energy in Mexico 1. 2. 3. 4. Mexico Investment
More informationInghams Group Limited. FY2018 Results Presentation
Inghams Group Limited FY2018 Results Presentation 22 AUGUST 2018 Important notice and disclaimer Disclaimer The material in this presentation is general background information about the activities of Inghams
More informationThe Power of Onshore Wind Graham Gow, 11 September 2018
The Power of Onshore Wind Graham Gow, 11 September 2018 1/12 Onshore wind and the industrial strategy 2/12 BVG Associates Overview Who we are and what we do Founded in 2006 Over 270 Clients Engineering
More informationFor personal use only
14 September 2015 ASX ANNOUNCEMENT AMENDED INVESTOR PRESENTATION Stratum Metals Limited (ASX:SXT) (Stratum) advises that the attached Investor Presentation Update regarding the acquisition of electricity
More informationDivestment from Financial Organisations Supporting Fossil Fuel Industries. A snap-shot of progress in the local government sector
Divestment from Financial Organisations Supporting Fossil Fuel Industries A snap-shot of progress in the local government sector May 2017 EXECUTIVE SUMMARY The purpose of this document is to share insights
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 6-K
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of
More informationInfigen Energy. ASX Spotlight Conference Singapore & Hong Kong. 21 & 23 October 2014
Infigen Energy ASX Spotlight Conference Singapore & Hong Kong 21 & 23 October 2014 Overview Australian Operations US Operations Corporate Structure & Global Facility Cash flow, FX & Balance Sheet Strategic
More informationPersonal Income Tax Return - Year End Questionnaire 2018
Personal Income Tax Return - Year End Questionnaire 2018 To assist us in preparing your income tax return, please use this questionnaire as a checklist when you compile your information. With respect to
More informationPUBLIC PRIVATE PARTNERSHIPS: OPTIONS FOR IMPROVED RISK ALLOCATION INTRODUCTION
2006 Forum: Public Private Partnerships: Options for Improved Risk Allocation 289 PUBLIC PRIVATE PARTNERSHIPS: OPTIONS FOR IMPROVED RISK ALLOCATION JOHN QUIGGIN * I INTRODUCTION Problems associated with
More informationHandling and Use of Client Money in relation to Over-the-Counter Derivative Transactions Discussion Paper
3 February 2012 Manager, Financial Services Unit Retail Investor Division The Treasury Langton Crescent PARKES ACT 2600 By email: clientmoney@treasury.gov.au Dear Sir/Madam Handling and Use of Client Money
More information