CERES Wind Farm Project Development Assessment Commission Hearing 24 October 2013

Introductions

• Repower Australia

– Peter Sgardelis (Head of Development)

– Dean Smith (Project Facilitation)

• Minority Shareholder

– Terry Kallis (Minority Shareholder &Project Consultant)

• URPS Planning Consultants

– Marcus Rolfe (Managing Director)

– Alan Rumsby (Director)

2

Presentation outline

• Development Approval being sought

• Project Overview and Rationale

• Project Design

• Project Benefits

• Stakeholder Consultation

3

DA approval being sought

• 198 wind turbines spread over approx.180 sq km, with a max. tip height of 150 metres

• Access roads & associated infrastructure, including access tracks and all electrical connections via underground cable

• HVDC cable connections (two 300MW cables) to Adelaide across Gulf St Vincent, including approx. 74 kms of marine & terrestrial cables

• Converter stations and operations buildings, one located on the near Port Julia and the other located near Parafield Gardens West

• Construction of an underground transmission connection from the converter station site to Rex Mineral’s Hillside project site

• Temporary batching plant and site buildings

• Up to 8 permanent met masts at 100m in height

4

Why the Yorke Peninsula?

• Project initiated by local farmers

• Excellent wind regime (>8m/s) with over 8 years of wind data

• Wind profile that is best matched to SA demand curve

• Freehold, cropping land that has been substantially cleared and compatible with wind farming (eg. Iowa USA, Collgar W.A.)

• Previously council approved development (Vincent North)

• Ease of construction – topography, proximity to ports and access to local resources

• Capable of supporting 600MW (after electrical losses) of capacity to underwrite the cost of direct connection to Adelaide

5

Best matched wind farm to SA load

6

Source: Roam Consulting 2012

Why a 600MW HVDC connection?

• SA electricity system cannot have more than 300MW on any one circuit – hence two 300MW cables

• HVDC technology is expensive but has a number of advantages;

– low environmental impact, avoids 180 tower structures

– low losses, minimal electromagnetic fields

– provides ancillary support to the grid

– cable can be laid on the sea floor in approximately 2 weeks

• 300MW wind farm size is insufficient to make HVDC connection viable – 600MW enables viability

• HVDC technology is common and low risk – exclusive agreement with the worlds leading provider ABB

7

Wind farm objectives and design philosophies

Objectives;

• Local community/ land owners

• State and National objectives for Renewable energy

• Commercial / Competitive development

Three key design philosophies adopted;

• Self imposed 1300m set backs, 600m turbine spacing

• No overhead power lines

• “Prudent avoidance” designed out upfront where practical

– EPBC referral as “not a controlled action” received Dec ‘12

8

Design - Land areas and wind resource

9

Design – setbacks houses, townships and EMI

10

Design – flora, fauna, EPBC

11

Design – all constraints and turbine locations

12

Benefits from the Ceres project

1. Provide electricity to power up to 225,000 homes annually and reduces 2,500,000 tonnes of CO₂ every year

2. Satisfies 25% of the state’s target of 33% renewable by 2020

3. Over 500 direct full time jobs / 1000 indirect jobs during construction

4. 50 permanent technical and maintenance jobs during operation

5. Direct injection of approx. $8M per annum into local economy

6. Local economic multiplier of 3:1 across local community

7. Dedicated annual Community Fund ($150,000p.a. in real terms)

8. Power to local mining projects – MOU signed with Rex Minerals

9. Transmission gateway to facilitate up to 20MW Biomass project

10. Potentially bring forward the NBN

13

Stakeholder Consultation

14

• Project Publicly Announced 31 August 2011

• First Community Information Day 30 October 2011

• Second Community Information Day 18 December 2011

• Fact sheets covering Project, DA, Farming compatibility, Electricity Market – sent to 2500 households – January 2013

• January 2013 – three information days completed, 3 locations in excess of 300 people attended

• Website continually updated - during 2013 – video, DA package, Aerial Spraying Q & As and SR Document

• Over 600 different parties consulted on the project over 2 years