NSW Parliament inquiry recommends reform to open up former mining land to renewable energy opportunities

16 April, 2025

A NSW parliamentary inquiry has recommended sweeping reforms to laws governing former mining land, potentially opening up tourism, manufacturing and renewable energy development opportunities for the Wollondilly Shire.

The final report of the Beneficial and Productive Post-Mining Land Use Inquiry was tabled in NSW Parliament this week and it includes a key recommendation to remove bureaucratic obstacles to enable former mining land to be repurposed for the next generation of industry, including renewable energy projects.

One of the main recommendations is directly relevant to the Wollondilly Shire and its history of coal mining: “That the government conduct a comprehensive program of reform of current land uses and opportunities for future uses across regions experiencing mining and energy transition.”

The Inquiry committee, made up of MPs from the government, opposition and minor parties, urged the NSW Government to consider former mining land ideal “for housing, environmental, educational tourism, sport, infrastructure, advanced manufacturing and renewable energy purposes.”

ZEN Energy and the SADA Dunbier Group, partners in the proposed Western Sydney Pumped Hydro project at the former Wollondilly Coal Washery site at Nattai, gave evidence at an Inquiry hearing in late 2024 and presented the project as case study of the second life benefits of former mining land.

Wollondilly Council made a submission to the Inquiry and expressed its excitement about the project’s potential to bring ‘significant benefits’ and investment into the local Wollondilly community, including 1,500 construction jobs, and 80 ongoing jobs. The Council further noted the benefits of such initiatives in seeking to achieve a more sustainable energy future:

Projects like the [Western Sydney Pumped Hydro Project] demonstrate the potential for government and private partnerships and investment into projects that deliver community benefit and seek to achieve a more sustainable future for communities via renewable technologies.”

All Inquiry members also agreed to a key recommendation that the NSW Government pursue “opportunities to encourage innovative post-mining land uses including: (i) the planning and implementation of essential supporting infrastructure for future site use and; (ii) the development of solar farms, pumped hydro, and other clean energy industries.

The Inquiry report and its 13 recommendations will now be reviewed by the NSW Government, and it will announce its commitments to act within six months.

Media enquiries: Paul Sheridan, 0410 516 656, paul.sheridan@zenenergy.com.au

ZEN Energy and BOC Australia agree to 10-year renewable supply deal

11 April, 2025

ZEN Energy has secured one of Australia’s largest multi-state Electricity Retail Agreements (ERA)[1] with industrial gas supplier BOC Australia that will replace more than 45 per cent of its grid power use in Queensland, NSW and Victoria with solar energy across the term of the agreement.

Through an innovative tri-party deal with ACEN Australia, the 10-year ERA involves supplying BOC’s energy needs on the eastern seaboard up to 2035. The deal is supported by a Power Purchase Agreement (PPA) that will see ZEN purchase approximately 23 per cent of the solar generation from ACEN’s 400 MW New England (Stage 1) Solar project in NSW.

The new agreement enables BOC Australia to reduce its current carbon emissions by more than 40 per cent by 2035. BOC is a subsidiary of industrial gases and engineering company Linde, which has a target to reduce its global emissions 35 per cent by 2035.​

“This agreement supports Linde’s global target to reduce its Scope 2 emissions by gradually increasing our use of renewable energy.

In addition to lowering BOC’s emissions in Australia, it will also help our customers become more efficient and decarbonise their operations by supplying industrial gases which have a lower carbon intensity at a competitive price.” Theo Martin, BOC Australia

“This is the transition to renewable energy in action and at scale. Such big steps forward for industry sustainability and emissions reduction would not be possible unless a genuine partnership between BOC, ACEN Australia and ZEN was involved.

“BOC is ZEN’s first global customer. This demonstrates great confidence in our business model and our strategy. ZEN was the first energy company to commit to science-based targets to reduce carbon emissions, and this agreement is proof positive that BOC is firmly of the same mind and mission.” Anthony Garnaut, ZEN Energy CEO

“This agreement is another milestone for ACEN Australia’s New England Solar project which stands as a major contributor to the National Electricity Market (NEM) and includes the first large-scale battery storage project to be built in New England.”

“We are excited by this offtake with ZEN Energy, enabling us to bring more renewable energy projects to life and clean electricity for Australian homes and businesses while reducing the need for electricity that would otherwise be sourced from generators with higher emissions intensity.” David Pollington, ACEN Australia Managing Director

[1] “(2024) the largest multi-state retailer-intermediated PPA transaction in the NEM so far, the third stage of the QIC & IFM buyers group initiative at 311GWh p.a.”

Media enquiries: Paul Sheridan, 0410 516 656, paul.sheridan@zenenergy.com.au.

National energy storage to increase 33% through new ZEBRE agreement

 

24 December, 2024

Australia’s current 3 gigawatts (GW) of energy storage capacity will grow by up at least a third (1 GW) following the creation of a new battery and solar investment platform by ZEN Energy and HDRE, a $1.3bn Taiwan-listed renewable energy company.

Starting with Solar River 256MW BESS and 210 MW solar farm north of Adelaide, the new battery energy storage system (BESS) platform, ZEBRE, includes scope to expand quickly and deliver an additional GW of energy storage, as well as 400 megawatts (MW) of solar generation across projects in four states.

The Solar River BESS and solar hybrid project was successful in the first funding round of the expanded Capacity Investment Scheme in September. As part of the creation of ZEBRE, ZEN has also entered into a tolling agreement for Solar River to ensure the project moves quickly to financial close and construction.

ZEBRE is 70 per cent owned by HDRE, with ZEN retaining 30 per cent.

The ZEBRE name is derived from ZEN, BESS and HDRE. The ZEN/HDRE collaboration will focus on developing storage assets here in Australia, as well as in Taiwan and potentially other countries such as Japan.

The ZEBRE partnership follows ZEN and HDRE signing a $43m equity transaction in early November this year.

Current forecasts by the Australian Energy Market Operator (AEMO) show Australia will need at least 22GW of storage by 2030 – a more than 700 per cent increase in capacity in the next six years. AEMO’s latest 2024 Integrated System Plan identified that storage capacity will need to increase from 3 GW today to 49 GW by 2050.

Quotes attributable to Anthony Garnaut, CEO of ZEN Energy:

“Long duration battery storage, as well as the significant benefits of deep storage that pumped hydro provides, is the critical ingredient to ensuring a reliable, firmed supply of power as Australia’s transitions away from fossil fuels.

“Securing Australia’s place at the head of the rapid world-wide shift to clean energy and realising the economic opportunities of becoming a renewable superpower depend on having global partnerships.

“ZEN is excited and thankful that, together with HDRE, we are building our portfolio of renewable energy investments and contributing to our collective safety and prosperity as well.”

Media enquiries: Paul Sheridan, 0410 516 656, paul.sheridan@zenenergy.com.au.

Global partnership prioritises storage to counter intermittent generation.


8 November 2024.

ZEN Energy and Taiwan listed renewable energy developer, HD Renewable Energy Co (HDRE) have formed a strategic partnership to focus on energy storage and green hydrogen projects in Australia, Taiwan and other countries. 

HDRE will subscribe 9.7% of newly issued ordinary shares by ZEN for A$43m, while ZEN will provide long-term tolling agreements. This values ZEN at $443m on a 100%, post-money basis. 

The ZEN/HDRE partnership will focus on developing storage assets in Australia, in Taiwan and potentially other countries such as Japan. In May, ZEN entered into a partnership with DGA Energy Solutions to develop green hydrogen initiatives to support Mitsubishi Corporation’s decarbonisation goals. 

The signing of the partnership follows a co-operation deed with HDRE in June this year to collaborate on energy storage developments and green hydrogen projects. 

HDRE is a Taiwan- listed renewable energy company (current market cap of A$1.3bn) with business across Solar and BESS development, green energy retailing and distributed energy (EV charging, behind the meter assets).  

ZEN’s initial co-operation deed sign in June involved developing up to 500MW of offtake commitments to bolster its energy portfolio and facilitate new project site acquisitions.  

Quotes attributable to Anthony Garnaut, ZEN CEO: 

“We know that partnerships with like-minded organisations like HDRE are key to a successful and just renewable transition for all. 

“Our strategy is to focus on storage asset development and operation to hedge against intermittency of renewable generation, such as the major wind drought that occurred in April/May this year. 

“It has been a difficult year, as many involved in the renewable transition have experienced. This significant partnership with HDRE, new long term Power Purchasing Agreements with Acciona and Enel, and long term customer agreements with blue chip customers such as SBS have counter-balanced a challenging financial landscape in 2024.” 

Media enquiries: Paul Sheridan, 0410 516 656, paul.sheridan@zenenergy.com.au 

SA’s clean energy transition shaped by female power.


18 October 2024.

‘Female power’ is shaping South Australia’s clean energy transition and the previously male-dominated energy industry as well.

This significant industry change was on full display during a panel discussion led by Professor Ross Garnaut at the Women in Energy forum in Adelaide, hosted by ElectraNet and ZEN Energy, yesterday.

Three of South Australia’s most important energy organisations – ElectraNet, the South Australian Chamber of Mines and Energy (SACOME) and the Office of Hydrogen Power SA – have women in their senior leadership positions. These key leaders spoke to a room full of people from across the energy sector about the guiding influence women have had on male-dominated politics and energy policy over the past decade.

“Women have been increasingly front and centre of South Australia’s clean energy transition, shaping the solutions that the state needed following the 2016 statewide blackout,” ElectraNet Chair Dr Julie Beeby said.

In 2017, while South Australia was accelerating its take up of rooftop solar, SACOME CEO Rebecca Knol alerted the government to the vital importance of storage infrastructure to ‘firm’ or stabilise the electricity grid.

“We developed what turned out to be a significant and influential policy document that emphasised the growing importance of storage in the energy debate and called for all political stakeholders to support storage options that would improve the reliability of intermittent renewable energy generation and supply in South Australia,” Ms Knol said.

“Well before the 2017 ‘tweet that changed South Australia’, ZEN had been advocating for the need for a big battery, a grid-scale battery,” the company’s Chief Financial Officer Phillipa Chen said.

“ZEN could see that if you were really going to solve South Australia’s energy problem, you needed a firming capability at grid-scale, while dealing with everything else in parallel.

“We worked with the South Australian government to develop early concepts and then things accelerated beyond imagining, when Elon Musk took up Mike Cannon-Brooke’s challenge to deliver a 100MW battery within 100 days.”

Dr Beeby joined ElectraNet in 2023 and said the $2.3 billion Project Energy-Connect link from South Australia to NSW is pivotal to delivering on the government’s accelerated 2027 renewable energy target.

“We have made it a priority at ElectraNet to have an achievable plan in place to support South Australia’s transition to 100 per cent renewable energy by 2027. We are proud to have completed construction on the South Australian component of Project EnergyConnect, which will be a transformational project for not just our state but the whole of the National Electricity Market,” she said.

Nicola McFarlane, Chief Operating Officer at the Office of Hydrogen Power SA, said the next stage of the state’s energy transition will see opportunities for regional South Australians.

“By investing in hydrogen and renewables, we’re opening doors for job creation and industry development in regional communities,” Ms McFarlane said.

Construction of a world-leading hydrogen plant at Whyalla is set to start before the end of the year.

“Harnessing our state’s abundant renewable energy at the hydrogen facility will not only help us reach our 100 per cent renewables target and help stabilise the grid, it will also pave the way for the production of green steel and green iron, establishing South Australia as a hub for sustainable manufacturing,” Ms McFarlane said.

The Women in Energy Forum was jointly hosted by ElectraNet and ZEN Energy at Immersive Light and Art (ILA), a social venture initiative, in Adelaide.

Media enquiries: Paul Sheridan, ZEN Energy, 0410 516 656, paul.sheridan@zenenergy.com.au

SA’s next big battery at Solar River receives federal funding support.


04 September 2024.

Success in the first funding round of the federal government’s expanded Capacity Investment Scheme (CIS) enables ZEN Energy to move quickly towards construction of its Solar River battery and solar farm, 110km north of Adelaide.

Federal Climate and Energy Minister Chris Bowen today announced ZEN’s 650MWh Solar River battery and 230MW solar farm project was chosen from among an over-subscribed first funding round.

The project will be able to dispatch up to 256MW of renewable power on demand and will add significant stability to the electricity grid as South Australia builds toward becoming 100% renewable by 2027 and a clean energy superpower through its investments in green manufacturing.

Engagement with the local community, Ngadjuri and People of the River Murray Traditional Owners and other important stakeholders has refined aspects of the project and will guide how a significant community benefits scheme is distributed.

This includes prioritising local employment and project suppliers from among First Nations-owned businesses.

Other key points:
• The Solar River project is ideally located on cleared pastoral land near the SA/NSW Interconnector and substation at Bundey, 110km north of Adelaide.
• CIS funding involves revenue underwriting for the Solar River project. This provides a safetynet that decreases financial uncertainty for investors and encourages more investment
when and where it is needed.
• ZEN has already modified the Solar River project design in response to community feedback, including relocating the planned transmission line.
• ZEN is in constructive negotiations with local Traditional Owner groups, including Ngadjuri Nation Aboriginal Corporation and Mid-Murray Aboriginal Corporation, regarding the execution of Community Benefit Agreements that will commit the Solar River project to ongoing engagement, cultural heritage management, employment, procurement and funding for the life of the project.

Quotes attributable to ZEN Energy CEO, Anthony Garnaut:

“ZEN is doing things differently and in partnership with local communities to achieve a successful renewable energy transition.

“We seek to build renewable energy projects in regions where people don’t have a reliable energy supply, and we build projects on land that has already been cleared. Designing and delivering benefits for people and nature is a clear and logical priority for local communities.”

Media contact: Paul Sheridan, 0410 516 656, paul.sheridan@zenenergy.com.au

ZEN snaps up majority of supply from NSW’s latest renewable energy project.


27 August 2024.

ZEN Energy has secured a long-term agreement for the majority of solar energy to be generated at New South Wales’s recently financed energy development, the Quorn Park Hybrid Project near Parkes in the central west.

The new 10-year Power Purchase Agreement (PPA) with renewable energy developer Enel Green Power Australia (EGPA) for the majority of the supply from its solar farm will enable ZEN to add a further 68 megawatts capacity to its existing generation portfolio, which is on track to double in 2024 to 2 TWh per annum. The transaction is financed by a group of banks including Westpac and the Bank of China.

The Quorn Park Hybrid Project, a 98 MWDC solar farm and 20 MW/40MWh battery energy storage system, achieved financial close in July and is targeted to be complete in the first half of 2026, providing clean electricity to more than 45,000 homes.

The project is located on Wiradjuri Country, approximately 10km north west of Parkes and close to the Central West Renewable Energy Zone. The project site is closer in proximity to substantial demand loads compared to many other sites being developed in NSW. The site is flat land, largely cleared and used for grazing and dryland cropping.

EGPA, a joint venture company co-owned by Enel Green Power and INPEX Renewable Energy Australia Pty Ltd, currently operates three renewable energy plants totalling 310 MW of installed capacity powered by solar. EGPA currently has a 76 MW wind project in final stages of commissioning in Western Australia and a 93 MW solar project in commissioning in Victoria.

Quotes attributable to ZEN CEO Anthony Garnaut:

“This new partnership with EGPA represents a maturing of ZEN’s eco-system of sustainability-driven renewable energy suppliers and marks a new level of relationship with our banking partners. We are now well-placed to double our generation portfolio this year to 2 TWh per annum.

“ZEN has also deliberately sought to align with projects like Quorn Park that will be positive for nature. Australia’s transition to clean electricity can be achieved in time to help drive down the country’s emissions through projects like this that also ensure our unique wildlife and biodiversity is safeguarded.”

Quotes attributable to EGPA CEO Werther Esposito:

“We’re very pleased to enter this new partnership with ZEN Energy, an Australian leader in sustainable energy solutions. Our recently announced Quorn Park Hybrid Project, our first project in New South Wales, is targeted to start construction in the coming months and be fully operational in the first half of 2026.

“We look forward to working alongside ZEN Energy and our project partners and contractors to successfully deliver a project that provides significant value to the local community and our stakeholders.”

Media enquiries:

(Enel) Sunny Rutherford, 0418 357 403, sunny.rutherford@enel.com

(ZEN) Paul Sheridan, 0410 516 656, paul.sheridan@zenenergy.com.au

Does climate risk lead to business reward?


21 August 2024.

Company climate action makes staff proud to stay, while no plan risks young worker exodus.

Workers will reward employers for having a climate action plan and remaining committed to improving environmental outcomes with loyalty and an enhanced reputation that attracts the best talent.

Released today, the second quarter results of ZEN Energy’s This is Transition national research project found that while there are significant benefits for companies in committing to climate action, more than a third (37%) don’t have a plan and, if there is one in place, many workers (38%) say they know little or nothing about it.

However, the survey of 1,140 Australian workers found that once informed, they wouldn’t want to work for a company that isn’t committed to emissions reduction efforts.

Additionally, 34% of younger workers (18-35 years) are willing to change jobs if a company does not demonstrate a genuine commitment to climate action, while only 8% of workers 55 years and older would change jobs.

This is Transition’s in-depth qualitative and quantitative research of where Australians work and their views of their employer’s action on climate change also found that demonstrating a genuine commitment made a company an employer of choice and is a source of pride for staff.

64% of workers say they are proud to work for an employer that takes climate change seriously, while 70% of workers at companies with no climate action plan have a negative view of their employer as a result.

Key results of This is Transition Quarter 2 research:

1. A quarter of all workers (26%) are informed about their employer’s climate change commitment and action plan. But, overall, awareness that climate action plans exist remains low.

2. There are more than double the number of climate action plans in the construction (41%) and manufacturing (32%) sectors than in education (17%) or health (10%) sectors.

3. Having a climate policy builds a positive connection between employer and employees:
• 64% agree that they are proud to work for an employer who takes climate change seriously.

• 43% would consider changing employer if they did not make a serious commitment to climate action.

• 77% of people working at companies with a climate action plan
credit their employer as being genuine about reducing emissions.

4. Among companies who say their employer does NOT take climate change seriously:
• Only 38% say their employer’s ethics align with their own.

• 21% would consider changing employer if they did not make a serious commitment to climate action.

• Only 23% say they are proud of their employer’s position on climate action.

• 70% of people working at companies with no climate action plan say their employers are not taking climate change seriously.

5. Having a plan to reduce climate emissions makes companies an employer of choice:
• 36% of all Australian workers will choose to work at a company that has a plan to reduce its climate impact over those that don’t.

• 26% of workers say they would consider changing employer if they did not make a serious commitment to reduce its carbon emissions or become carbon neutral.

6. Among the three-quarters of workers who are actively investing in Australian businesses, 40% believe a commitment to emissions reduction influences their decision to invest, while a company’s demonstrated commitment to ESG (Environment, Social and Governance) is important to 85% of investors.

Quotes attributable to Anthony Garnaut, CEO of ZEN Energy:

“This research can provide confidence for companies with a strong commitment to sustainable practices and carbon-neutrality to keep leading from the front.

“The findings of This is Transition’s second quarter study reveals there are business rewards in addition to contributing to cutting Australia’s emissions, such as staff retention, as well as attracting new, values-aligned customers and talented staff.

“At ZEN, we have grown and enjoyed success because we are a values-aligned business. Our clear goal is to focus on customers who contract 100 per cent renewable energy or are willing to embark on a journey to 100 per cent renewable energy in the next decade.”

Media enquiries: Paul Sheridan, 0410 516 656, paul.sheridan@zenenergy.com.au

SBS commits to 10-year renewable energy power purchase agreement with ZEN Energy.


1 August 2024.

The SBS-ZEN Energy wind power partnership provides price certainty for SBS and establishes a model for de-carbonising the media industry.

SBS, Australia’s most diverse broadcaster, is now also Australia’s first 100 per cent renewable media organisation.

ZEN Energy will supply SBS’s New South Wales and Victoria-based operations with 100 per cent renewable energy over the next 10 years with Large-scale Generation Certificates (LGCs) uniquely paired with the 226.8MW Collector Wind Farm in NSW.

SBS is the first Australian media organisation to switch to 100 per cent renewable energy in FY23. This commitment will now be achieved over the long term through the 10-year agreement with ZEN.

SBS has set the most ambitious target of any Australian media outlet, to reach Net Zero across scope 1, 2 and 3 emissions by 2045. SBS has also partnered with Scope3 to measure emissions from advertising technology, affording advertising clients greater transparency of carbon emissions from their advertising campaigns.

ZEN was Australia’s first energy company to commit to the global Science-based Targets initiative for corporate action on climate change. SBS has also applied to have its Net Zero targets validated by the initiative.

RATCH-Australia’s Collector Wind Farm commenced full operations in 2021 and consists of 54 turbines collectively producing 528GWh each year, capable of powering 80,000 NSW homes and saving close to 320,000 tonnes of CO2 emission each year. The wind farm project has also involved an industry-leading community benefit sharing scheme.

Quotes attributable to SBS Chief Financial Officer, Nitsa Niarchos:

“SBS is proud to lead the way in the media industry by committing to 100% renewable energy. Our partnership with ZEN Energy underscores our commitment to sustainability and sets a new standard for reducing carbon emissions in media. Our goal is to inspire others in the industry to take meaningful steps towards a greener future.”

Quotes attributable to SBS Head of Sustainability, Abigail Thomas:

“This 10-year agreement with ZEN Energy through wind power ensures that SBS’s commitment to carbon reduction is not just a short-term initiative but a long-term strategy. By securing a decade of 100% renewable energy, we are taking significant steps towards our Net Zero targets and demonstrating our dedication to sustainability efforts and innovation in Australia’s media sector.”

Quotes attributable to ZEN Energy CEO, Anthony Garnaut:

“SBS is already an industry leader in community engagement and a champion of diversity. ZEN is honoured to be able to now assist SBS deepen its connections to Australians by becoming an industry leader in climate action.”

“As part of our responsibilities under the Science-Based Targets Initiative, ZEN has voluntarily committed to reduce its scope 3 (sold electricity) emissions. This means we are partnering with our customers to transition their contracts to 100 per cent renewable electricity, and we’ve committed to only sign new contracts where 100 per cent renewable is achieved within the contract period.”

For further information, please contact:

Guy Podmore | guy.podmore@sbs.com.au | 0409 942 831
Paul Sheridan | paul.sheridan@zenenergy.com.au | 0410 516 656