Baker McKenzie Sydney - 5 December 2018...circular resource flows WA TER FUTURES Developing...
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Melbourne Launch Event Baker McKenzie Sydney - 5 December 2018
Transcript of Baker McKenzie Sydney - 5 December 2018...circular resource flows WA TER FUTURES Developing...
Melbourne Launch Event
Baker McKenzie Sydney - 5 December 2018
Jon Dee
ARUP
Aylin Cunsolo
Baker McKenzie
Chris Lee
Business Renewables Centre Australia (Climate-KIC)
Who we are…
Funding partners
Project partners
Founding Members & Partners
Who is it for?
• Organisations yet to procure renewable
energy via PPAs and want to know more.
• Organisations looking to set and/or meet
targets for renewable energy or zero
carbon, such RE100 or SBTi.
• Organisations that have executed
corporate PPAs: To continue to lead the
market through knowledge-sharing -
sharing experiences, including challenges,
in negotiating corporate PPAs.
• Help to shape and guide the industry
through inputs into the BRC-A’s tools,
guides and training program.
• Learn how to manage PPAs in the long-
term for the life of the agreement following
execution.
• Feature or search for projects on the
marketplace platform.
What we do…
Philip Cohn
ARENA
BUSINESS RENEWABLES CENTRE
AUSTRALIA
Phil Cohn
Investment Director, Business Development & Transactions
ARENA
ARENA is the Australian Renewable
Energy Agency.
The Agency was established by the Australian
Government in July 2012 to improve the
competitiveness of renewable energy
technologies and increase the supply of
renewable energy in Australia.
Our purpose is to accelerate Australia’s shift
to affordable and reliable renewable energy.
ARENA’S PURPOSE
TAKE-UP OF RENEWABLES IS LOW
BENEFITS THERE, BUT BARRIERS REAL
OVERCOMING BARRIERS & ACCELERATING CHANGE
Stan Krpan
Victorian Government
Kane Thornton
Clean Energy Council
Carl Daley
Commonwealth Bank of Australia
John Tortora
Carlton & United Breweries
22
Drivers of Sustainability @
2025 Sustainability Targets
2018 Sustainability Initiatives
• Aligned and solidifies to our
commitment to the global
sustainability goals and RE100
• Drive availability and
accessibility of renewable
electricity in the wider market
• Lock in a price for electricity
and smooth out the price
fluctuations in the wholesale
energy market
Why renewable electricity?
Off site solar farm: Karadoc, VIC
• Agreement with BayWa r.e. covers 74,000 mWh –
covering 90% of CUB purchased needs. Remainder
comes from on site solar.
• Activated mid December 2018
• On site solar will be rolled out across our 3 breweries in
2019.
Dr Kendra Wasiluk
Monash University
Jonathan Prendergast
Business Renewables Centre Australia (ISF)
RE PPAs – Market Segments
▪ Utility PPAs
▪ Merchant (Investment) Projects
▪ Government PPAs
▪ Corporate PPAs & Investment
30 Projects
1,829 MW Contracted
4,235 MW Projects
Supported
Corporate PPAs so far
Who are the leaders?
Victoria is the leading state …
0
100
200
300
400
500
600
700
800
900
1000
Victoria QLD SA NSW Tas
Note: RE PPAs, total capacity of agreements (MW)
Manufacturing, government &
education leading …
22%
15%
13%13%
2%
9%
5%
4%
4%
2%
4%
7% Manufacturing
Local Government
State Government
Education
Resources
telecommunications & datacentres
Water utility
Distribution
transport
retail
agriculture
Finance
… but a large spread of sectors have a RE PPA
What are they buying?
Mostly new projects
New Projects82%
Confirmed Projects9%
Operating9%
Project Types -Number of Deals (%)
New Projects Confirmed Projects Operating
Buying Electricity & LGCs
Bundled73%
Electricity3%
LGCs14%
Other/Unknown10%
Purchasing - Number of Deals
Bundled Electricity LGCs Other/Unknown
No technology preference (yet)
Solar42%
Wind50%
Solar Thermal8%
Combined Capacity of Deals
Solar Wind Solar Thermal
Growing the market
▪ Standardisation of deal types
▪ Diversifying agreement sizes – Average deal
capacity of 63 MW so far
▪ Aggregation
▪ Buyers helping buyers
A few brave pioneers have done
aggregated deals
Buy Alone83%
Group Buy17%
Buying Program - Number of Deals
Buy Alone Group Buy
How Corporate PPAs Can support
Sustained Investment in Renewables
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3
Breakdown of Timing of recent PPAs - 2016 Q4 to 2018 Q3
Utility PPAs Merchant projects Corporate PPAs Government PPAs
How Corporate PPAs Can support
Sustained Investment in Renewables
-
100
200
300
400
500
600
700
800
900
1,000
2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3
MW
Cap
acit
y C
on
trac
ted
Timing (Rolling 12 month average)
Comparison of Utility vs Non-Utility PPAs and Investments
Utility PPAs & Merchant Projects Non-Utility PPAs (Corporate & Government)
More information…
Contact:
Jonathan Prendergast, Technical Director
Chris Briggs, Technical Director
Monica Richter
Business Renewables Centre Australia (WWF)
BRC-A Snapshot…
What we do…
Primers & Guides for Industry
What we do…
Buyers Roadmap
What we do…
Marketplace Platform
Current and planned
renewable energy projects
What we do…
Victoria Government (own use of LGCs) Melbourne Renewable Energy Project
Victoria Government (own use of LGCs)
Nectar Farms
Telstra Club 1
Sydney Metro Northwest
Telstra
Sun Metals
Orora
Adelaide Brighton
FlowPower (Ararat linked customers)
GFC Alliance (Laverton)
AB InBev/CUB
Mars
Orora
BlueScope
University of NSW
University of Queensland
SACOME (including supply to Whyalla)
Advanced deals
0
200
400
600
800
1000
1200
1400
1600
1800
2016 2017 2018
MW
(ca
pac
ity
enab
led
by
corp
ora
te P
PAs)
Axis Title
https://www.energetics.com.au/insights/knowledge-centres/corporate-renewable-ppa-deal-tracker/
Deal tracker
• Training ‘bootcamps’ and webinars – scenario training with
organisations that have executed
• Semi-annual industry networking events
• Industry reports
• Case studies
• One-on-one support
• Newsletters & blogs
What else do we do…
Sneak peak: members site
Sneak peak: members site
Sneak peak: members site
Sneak peak: members site
BRC-A Membership
• Essential to access BRC-A resources & marketplace platform.
• Free for energy buyers.
• Free for all members for Year 1.
• Tiered according to services to allow members to choose the best
level of membership:
• Developer/retailer/project financier/investor ($5,000 or $1,000).
• Professional service providers ($2,500, $1,000 or $250).
• Detailed in our Membership Prospectus – available by contacting
us:
• Via BRC-A website: https://businessrenewables.org.au
• Email [email protected]
Founding Members & Partners
Chris Briggs
Business Renewables Centre Australia (ISF)
ISF Research Areas
RESOURCEFUTURES
Advancing responsible and efficient production and
consumption by fostering stewardship and circular
resource flows
WATERFUTURES
Developing restorative,sustainable and resilient
water management solutions
LANDSCAPES & ECOSYSTEMS
Enhancing ecosystem
integrity and livelihoods by incorporating perceptions,
values andpractices into
decision-making
TRANSPORT
Providing solutions for quality transport services
that maximise productivity at least cost and lowest
impact
INTERNATIONAL DEVELOPMENT
Working in partnerships to end poverty and ensure
sustainabledevelopment for all LEARNING & CHANGE
Facilitating individual, social and organisational
transformation,learning and change
FOOD SYSTEMS
Transforming food systems to ensure healthy, thriving
and food secure communities and
businesses
CITIES & BUILDINGS
Improving the liveability of urban environments with holistic and net-positive social, infrastructure and
resource solutions
CLIMATE CHANGE & ADAPTATION
Helping partners adaptto the challenges of a
changing climate
ENERGY FUTURES
Accelerating the transition to more decentralised
energy systems that are clean, affordable, reliable
and empower communities
Conducting independent project based
research for Australian and international clients since 1997.
© University of Technology Sydney 2018
ISF Research AreasRESOURCE
FUTURESAdvancing responsible
and efficient production
and consumption by
fostering stewardship and circular resource flows
WATER
FUTURESDeveloping restorative,
sustainable and resilient water management
solutions
LANDSCAPES &
ECOSYSTEMS
Enhancing ecosystem
integrity and livelihoods by incorporating
perceptions, values and
practices into
decision-making
TRANSPORT
Providing solutions for quality transport services that maximise productivity
at least cost and lowest impact
INTERNATIONAL
DEVELOPMENTWorking in partnerships
to end poverty and ensure sustainable
development for all LEARNING &
CHANGEFacilitating individual,
social and organisationaltransformation,
learning and change
FOOD SYSTEMS
Transforming food systems to ensure
healthy, thriving and food
secure communities and
businesses
CITIES &
BUILDINGSImproving the liveability of
urban environments with holistic and net-positive
social, infrastructure and resource solutions
CLIMATE
CHANGE & ADAPTATION
Helping partners adapt
to the challenges of achanging climate
ENERGY
FUTURESAccelerating the transition
to more decentralisedenergy systems that are
clean, affordable, reliable and empower
communities
Conducting independent project based
research for Australian and international clients since 1997.
Some project examples
Tool Development Program
1
Q4 2018
• Deal Dream Team• Deal Structures
3
Q2 2019
• Risk Allocation• Accounting
• Internal support
guide
5
Q4 2019
• Social Licence for buyers
• Demand
management &
PPAs
2Q1 2019
• RFP Template• Energy management
principles
• Economic Analysis/tool• Term Sheet template
4
Q3 2019
• CFO Pitch Deck• Aggregation• Finance
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John Dee
ARUP
Founding Members & Partners
