Mid West Clean Energy Project Feasibility Study
Pillar 4 - Globally competitive renewables provide growth platform
•
Large-scale, cost-competitive renewables provide platform for Green Hydrogen-to-Clean Ammonia production
Over 18 GW of renewable resource potential in the area identified from feasibility studies*
Renewable resources include onshore wind, offshore wind and solar
Behind-the-meter, low-cost renewables for Green Hydrogen-to-Clean Ammonia production
Low-cost renewables also provides runway for significant Green Hydrogen expansion
Self-sourced industrial water supply from CCS operation combined with low-cost renewables
provides ideal opportunity for Green Hydrogen-to-Clean Ammonia production
• Development sites for onshore wind and solar sites identified and site acquisition underway
Pilot
Energy
Mid West Clean Energy Project
Total Identified Renewable Energy
Technical Resource Potential-By Type (MW)*
3,350
4,704
10,110
■ Offshore Wind
■ Onshore Wind
■ Solar
Mid West Renewable Energy Projects Feasibility Study Results on a Levelized Cost of Energy (LCOE) Comparison to CSIRO 2021 GenCost Report
Solar*
=
LCOE $36-39/MWh
Gas peak
Gas > 60%
VRE 80%
Pilot Solar PV
LCOE (AUD/MWh)
Capacity Factor = 26-29%
Onshore Wind*
=
LCOE $29-34/MWh
Capacity Factor = 43-50%
Market Solar PV 2030+
Market Solar PV 22-25+
Pilot Onshore Wind
Market Wind 2030+
Market Wind 22-25
T
20
30
40
50
60
70
80
90
100 110 120 130 140 150 160 170 180
11 Australia-Korea Business Council Critical Minerals and New Energy Forum | Sydney 30 October 2023
*Source: Refer to Feasibility Results per ASX release on 28 March 2022, 7 June 2022 and 23 September 2022View entire presentation