Renewable Energy, On Tap
Investment highlights
01
Diverse renewable
energy and storage portfolio
✓ 400MW of committed power generation and storage
✓
2 operating 50MW solar projects (KS1 & JSP)
K2-Hydro in construction
Bouldercombe Battery Project in construction
K3W project in advanced stage development
02
Proven track record
of project execution
Successfully developed to financial close >$1Bn worth
of projects
Secured long term energy contracts providing secure
cash flows
Developed, financed and built KS1 and JSP on time and
on budget
03
Strong relationships
✓ Tier 1 stakeholders
ARENA NAIF CEFC
CLEAN ENERGY FINANCE CORP
Queensland ✔ POWER
Government
Powerlink
Energy Australia
04
Revenue stream certainty
✓ 83% revenue contracted for 30 years
>73% EBITDA margin
✓ Minimal sustaining capex
$
✓ Average interest rate of <3% locked in via long term hedge
05
Exposure to improved pricing
dynamics
Rapid rise in RRP electricity prices in NSW and QLD
Increasing volatility with QLD intraday spreads increasing
200% since 1H CY2021
KS1, JSP and BBP are poised to take advantage and deliver
considerable earnings growth over the medium term
06
Near term development
of pipeline opportunities
~258MW Kidston Stage 3 Wind Project
(construction anticipated H1 CY2024)
Up to 400MW Bulli Creek Battery Project
✓ Up to 1.6GW Bulli Creek Solar Project
Genex
Renewable Energy, On Tap | Energy Conference
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