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Powering Australian Renewables
Powering Australian Renewables (PowAR) is an Australian infrastructure investment fund closely associated with but independent from AGL Energy. Initial investment in PowAR was $200M from AGL, and up to $800M from each of QIC Global Infrastructure Fund and the Australian sovereign wealth fund, the Future Fund. PowAR’s initial assets included the Nyngan Solar Plant and the Broken Hill Solar Plant, both developed by AGL Energy in 2015. It added Silverton Wind Farm and Coopers Gap Wind Farm soon after, both developed by AGL. In 2021, PowAR was a partner in a consortium formed to take over Tilt Renewables. PowAR would receive the Australian assets of Tilt Renewables, with Mercury NZ to receive the New Zealand assets. In August 2021, PowAR took over the Australian assets and operations of the former Tilt Renewables Tilt Renewables Pty Ltd is an Australian electricity generation company. It was previously dual listed on the New Zealand Exchange, New Zealand stock exchange an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Fund
An investment fund is a way of investment, investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: * hire professional investment managers, who may offer better returns and more adequate risk management; * benefit from economies of scale, i.e., lower transaction costs; * increase the asset diversification (finance), diversification to reduce some unsystematic risk. It remains unclear whether professional active investment managers can reliably enhance risk adjusted returns by an amount that exceeds fees and expenses of investment management. Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. The regulatory term is undertaking for collective investment in transferable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silverton Wind Farm
The Silverton Wind Farm is a 199-megawatt wind farm situated on the southern end of the Barrier Ranges in New South Wales, north of Silverton, built for AGL Energy by Catcon and General Electric. Planning began around 2007, and the wind farm was finally fully commissioned in May 2020, following some setbacks due to grid issues after initial implementation in 2018. History Initial surveys were done in 2007, which identified the presence of the tawny rock dragon (''Ctenophorus decressi'') in the area planned for the wind farm. In 2008 a study was conducted on the status and distribution of the species. On 3 May 2009, the project was approved by the Government of New South Wales, comprising two stages: project approval for Stage 1 and a larger concept approval for Stage 2. The project was initially set to begin construction in the first half of 2010, yet several issues caused delays. To begin, the transmission line needed to connect the fully developed wind farm would need to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Funds
Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses its internal reserves to satisfy its necessity for cash, while the term financing is used when the firm acquires capital from external sources. Sources of funding include credit, venture capital, donations, grants, savings, subsidies, and taxes. Funding methods such as donations, subsidies, and grants that have no direct requirement for return of investment are described as "soft funding" or " crowdfunding". Funding that facilitates the exchange of equity ownership in a company for capital investment via an online funding portal per the Jumpstart Our Business Startups Act (alternately, the "JOBS Act of 2012") (U.S.) is known as equity crowdfunding. Funds can be allocated for either short-term or long-term purposes. Economics ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Funds
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: * hire professional investment managers, who may offer better returns and more adequate risk management; * benefit from economies of scale, i.e., lower transaction costs; * increase the asset diversification to reduce some unsystematic risk. It remains unclear whether professional active investment managers can reliably enhance risk adjusted returns by an amount that exceeds fees and expenses of investment management. Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. The regulatory term is undertaking for collective investment in transferable securities, or short collective inves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renew Economy
Renew or renewal may refer to: Media and entertainment * ''Renew'' (album), a 2002 album by The Badlees * ''Renewal'' (film), a 2008 documentary on the religious environmental movement * ''Renewal'' (magazine), a UK journal of Labour politics * ''Renewal'' (Kreator album), a 1992 album by Kreator * ''Renewal'' (Billy Strings album), a 2021 album by Billy Strings *"Renewal", a song by Norwegian Black Metal band Dimmu Borgir from their album Abrahadabra *"Renewal", an episode of the sixth season of TV series ''Law & Order: Criminal Intent'' * "Renewal" (''Brooklyn Nine-Nine''), an episode of the eighth season of ''Brooklyn Nine-Nine'' Law *Contract renewal * Copyright renewal, the act of renewing copyright *Renewal of an expiring law or Act of Parliament * Renewal (broadcasting), the act for renewing a television series for further seasons * Renewal (parliamentary procedure), bringing up a motion again that has already been disposed of by the deliberative assembly * Renewal (pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mercury NZ
Mercury NZ Limited is a New Zealand electricity generation and multi-product utility retailer of electricity, gas, broadband and mobile telephone services. All the company's electricity generation is renewable. Mercury has a pre-paid electricity product sub-brand GLOBUG. Mercury Energy is also the largest electricity retailer in New Zealand. Mercury generates most of its energy from nine hydro stations on the Waikato River and five geothermal plants in the central north island as well as a number of wind farms. , Mercury had generated 3,611 GWh of electricity through hydro generation and 2,594 GWh through geothermal generation. Mercury also service industrial and wholesale market customers offering electricity and natural gas products. Since 2022 it has also offered internet fibre broadband services as a bundle for its residential electricity customers. Mercury has offices in Auckland, Tauranga, Hamilton, Rotorua, Palmerston North, Wellington and Oamaru. History In t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tilt Renewables
Tilt Renewables Pty Ltd is an Australian electricity generation company. It was previously dual listed on the New Zealand Exchange, New Zealand stock exchange and Australian Securities Exchange, Australian stock exchange. As of 2022, the Powering Australian Renewables Fund has merged with Tilt Renewables following a complex acquisition and merger, making it the largest private developer and generator of renewable electricity in Australia. On 15 March 2021, a takeover was announced with support from the largest shareholders and independent board members. The proposed scheme of arrangement would be worth by a consortium where the New Zealand assets would be taken over by Mercury NZ and the Australian assets by Powering Australian Renewables Fund – itself a consortium of AGL Energy, Queensland Investment Corporation, QIC Global Infrastructure Fund and the Australian Government's Future Fund. The takeover was successful in August 2021. PowAR took over the Australian assets and op ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coopers Gap Wind Farm
Coopers Gap Wind Farm is a 453 megawatt wind farm in the Western Downs and South Burnett regions of Queensland, Australia. It is located approximately 175 km north-west of the state capital Brisbane, and 50 kilometres south-west of Kingaroy and 65 kilometers north of Dalby. When construction was announced to be completed on 30 April 2020, it became the largest wind farm in Australia. This record was held until 10 December 2020 when the Stockyard Hill Wind Farm in Victoria was completed. Site The wind farm is located in a hilly area, approximately 5 km to the north-west of the Bunya Mountains. It is located approximately north-west of the state capital Brisbane, and south-west of Kingaroy and north of Dalby. The area is mostly cleared, cattle-grazing country and was originally planned to cover approximately in total, however the site area was reduced later in the development process to . The site has an elevation of 535 to 840m. The project falls wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Broken Hill Solar Plant
The Broken Hill Solar Plant, which became operational in December 2015, is a 53 megawatt farm located 7 km west of Broken Hill in western New South Wales New South Wales (commonly abbreviated as NSW) is a States and territories of Australia, state on the Eastern states of Australia, east coast of :Australia. It borders Queensland to the north, Victoria (state), Victoria to the south, and South ..., Australia. It is associated with the Nyngan Solar Plant (almost 600 km to the east), making the total capacity of the combined plants 155 megawatts. The Australian Energy Commission sets the regulations for the Australian Energy Market Operator (AEMO). The AEMO calculates and publishes MLFs (Marginal Loss Factor) every year by 1 April as required under clause 3.6 of the National Electricity Rules ahead of commencing on 1 July. These figures are forward-looking projections based on expectations of the demand and dispatch patterns of that upcoming year, as well as the network flow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renewable Energy
Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind power, and hydropower. Bioenergy and geothermal power are also significant in some countries. Some also consider Nuclear power proposed as renewable energy, nuclear power a renewable power source, although this is controversial, as nuclear energy requires mining uranium, a nonrenewable resource. Renewable energy installations can be large or small and are suited for both urban and rural areas. Renewable energy is often deployed together with further electrification. This has several benefits: electricity can heat pump, move heat and Electric vehicle, vehicles efficiently and is clean at the point of consumption. Variable renewable energy sources are those that have a fluctuating nature, such as wind power and solar power. In contrast, ''contro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nyngan Solar Plant
The Nyngan Solar Plant or Farm is one of the largest operating solar plants in Australia. At the time of construction, it was the largest solar plant in the southern hemisphere. It is located 10 km west of Nyngan in western New South Wales. It was built and is operated by AGL Energy. It has over 1.3 million solar panels, generating 102 megawatts of power. It was opened on 18 April 2015, and became fully operational in July 2015. The Nyngan Solar Plant is associated with the Broken Hill Solar Plant, a 53 megawatt farm located almost 600 km west, which became operational in December 2015, making the total capacity of the combined plants 155 megawatts. The solar panels do not track the movement of the sun. They are arranged in rows facing north, tilted at 25 degrees. Financial impact The plants were constructed with $166.7 million funding support from the Australian Renewable Energy Agency (ARENA) and $64.9 million from the NSW Government. There was some criticism of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, Bond (finance), bonds, real estate, precious metals, or in alternative investments such as private equity funds or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and International Moneta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
