Home

News and Blog

WA GreenTech Hub Success 
Blogs, ESG, In the News, News

WA GreenTech Hub Success 

Zenith Energy is a proud industry supporter of Curtin University’s successful bid to become the Operator of the new WA GreenTech Hub.

June 14, 2024


clock1min

The WA Cook Government has named Curtin University as the Operator of the new WA GreenTech Hub. This Hub will play a key role in driving decarbonisation in WA through collaboration, industry, and knowledge. 

Zenith Energy is a proud industry supporter of Curtin’s bid to operate this pioneering initiative. We’re committed to decarbonising our portfolio and achieving net zero by 2035.  We look forward to working with the GreenTech Hub and WA technology businesses on energy solutions to achieve affordable, reliable, net zero power for our customers in the mining sector, the Goldfields region of WA and our grid-connected microgrids. 

The GreenTech Hub is funded through a $40 million agreement between the Cook Government and the Chevron-operated Gorgon Project. The Lower Carbon Grants (LCG) programme will provide funding for research and innovation activities in low-carbon technologies. 

For more information, visit: Lower Carbon Grants Programme – Gorgon Fund | Western Australian Government 

Share this article

Home

News and Blog

Zenith Energy Wins Again 
Blogs, ESG, In the News, News

Zenith Energy Wins Again 

Zenith Energy has been honoured for the second year in a row at The Asset Triple A Sustainable Infrastructure Awards 2024, being awarded with the Energy Transition Deal of the Year

June 12, 2024


clock2min

Zenith Energy has been honoured for the second year in a row at The Asset Triple A Sustainable Infrastructure Awards 2024, being awarded with the Energy Transition Deal of the Year!  

Our A$320 million revolving credit facility has been recognised for advancing renewable energy solutions and driving the energy transition in the mining sector. 

We are thankful to all our clients, partners, bankers and employees for their continuous support and hard work.

We’ve taken significant steps forward, from being the first Independent Power Producer to introduce the industry-benchmark Jenbacher gas engine into the Australian market, right through to our most recent partnership with IGO – providing 100% renewable daytime penetration at Nova operations in the WA Goldfields

While commercial drivers must be acknowledged as a major factor in the entire industry moving to decarbonise, at Zenith we are equally invested in the moral responsibility of reducing emissions.

As an organisation we have developed a workplace culture based on strong relationships, with an emphasis on honesty, integrity, and respect.

It is from this base that we can genuinely strive to make a difference, which is a major motivation in our proactive pursuit of Net Zero.

Our culture is one of innovation and growth, looking at perceived challenges as opportunities to develop our people and employ their unique skills to come up with unique solutions.

We have a deep conviction that not only should we reduce emissions, but we also want to be part of the developing solutions and bring our clients and the mining and resources industry on the journey to Net Zero with us.

Zenith has publicly stated its commitment to Net Zero by 2035, and while we acknowledge this is an ambitious target, it’s also one we are confident we have the ability to achieve together with our partners.

For some time now we have been actively involved in the development and piloting of various technologies, with the aim of being able to integrate these into our existing portfolio and on future projects.

It means we have built a solid reputation of being able to deliver innovative renewable solutions, able to respond to the needs of our clients at differing stages on their journey to Net Zero.

As the rate of change continues to accelerate throughout industry and globally, Zenith is committed to continuing to adapt, adopt and integrate emerging technologies, not just because we believe should, but because we believe we can.

Share this article

Home

News and Blog

Milestone Achieved: Final Turbine Installed at Kathleen Valley
Blogs, ESG, In the News, News

Milestone Achieved: Final Turbine Installed at Kathleen Valley

We are excited to announce the installation of the final turbine, marking a key milestone. With five GW165/6.0MW Goldwind turbines now operational, we are on track to power Liontown Resources' Kathleen Valley Lithium Project with 60% renewable energy by mid-2024.

May 29, 2024


clock2min

We are thrilled to announce the installation of the final turbine, marking a significant milestone in our journey towards sustainable energy production.

With a total of 5 (five) GW165/6.0MW towering Goldwind turbines now standing tall, we’re well on our way to achieving our goal of powering Liontown Resources Limited Kathleen Valley Lithium Project with at least 60% renewable energy by mid-2024. Our Hybrid Power Station, boasting an impressive 46MW of emissions-free power generation capacity, is set to become the largest off-grid wind-solar-battery storage renewable capacity for a mining project in Australia.

These turbines, each reaching over 210 meters in height with blades spanning 81 meters, symbolise our commitment to innovation and sustainability in the Australian mining industry. As strategic partners in this groundbreaking venture, we’re proud to lead the charge in revolutionising how mining operations are powered.

Wind Turbine Kathleen Valley


Share this article

Home

News and Blog

Zenith Energy does it again: Awarded the IJGlobal Energy Transition Deal of the Year – Solar – APAC
Blogs, ESG, In the News, News

Zenith Energy does it again: Awarded the IJGlobal Energy Transition Deal of the Year – Solar – APAC

Zenith Energy: Awarded the IJGlobal Energy Transition Deal of the Year - Solar – APAC

April 26, 2024


clock2min

Zenith Energy has been awarded the IJGlobal Energy Transition Deal of the Year – Solar – APAC, a prestigious recognition of excellence in the infrastructure, energy, and renewables sector globally during 2023.

The event IJ Global Awards took place in Singapore and was received by our Executive Chair Doug Walker and CFO Tim Cipolloni. This award reflects Zenith’s and our banking syndicates’ commitment to excellence in the energy transition.

Congratulations to our entire team and our bankers for this remarkable achievement! We are grateful to our banking partners who are supporting our energy transition journey – Sumitomo Mitsui Banking Corporation – SMBC Group, DBS Bank, Natixis Corporate & Investment Banking, NAB,
Westpac, ANZ, BNP Paribas and NORD/LB.

Share this article

Home

News and Blog

Zenith Energy Explores Collaboration with Hon. Reece Whitby MLA to Propel Western Australia’s Energy Transition 
Blogs, ESG, In the News, News

Zenith Energy Explores Collaboration with Hon. Reece Whitby MLA to Propel Western Australia’s Energy Transition 

Zenith Energy’s Executive Chairman, Doug Walker, and Managing Director and CEO, Hamish Moffat, recently held a productive meeting with Hon. Reece Whitby MLA, Minister for Energy, Environment, and Climate Action.

April 18, 2024


clock4min

Zenith Energy’s Executive Chairman, Doug Walker, and Managing Director and CEO, Hamish Moffat, recently held a productive meeting with Hon. Reece Whitby MLA, Minister for Energy, Environment, and Climate Action. Discussions centred around Zenith Energy’s role as a leading enabler of the energy transition and achieving Net Zero emissions in the markets where we operate – mining and urban microgrids.

In the past 18 months, Zenith has contracted and commenced construction of the most of Western Australia’s high renewable energy fraction hybrid power solutions for remote off-grid mines and grid-connected urban microgrids in Western Australia’s South West Interconnected System (SWIS).

Zenith has also been collaborating with stakeholders in WA’s Goldfields on development of a power solution to provide the region with affordable energy security and a fast track to Net Zero. These outcomes align with the State’s intent to avoid the recurrence of protracted blackouts in Kalgoorlie experienced earlier this year, and to introduce more renewable energy, particularly from the Northern Goldfields into the SWIS.

Mr. Moffat, Managing Director and CEO of Zenith, said the development aims to deliver Traditional Owners meaningful participation in the Energy Transition; for miners more affordable and sustainable renewable energy; and for the region and state an economic boost by activating land for downstream processing of critical and battery minerals.

PoweringWA, which was recently set-up within Energy Policy WA are seeking support from Commonwealth programs such the Capacity Investment Scheme (CIS) and Rewiring the Nation to facilitate a more renewable and reliable power system for the Goldfields. 

Share this article

Home

News and Blog

The Kathleen Valley Project is progressing rapidly
Blogs, ESG, In the News, News

The Kathleen Valley Project is progressing rapidly

We are proud to be a strategic partner for Liontown Resources’ Kathleen Valley Lithium Project, an innovative venture that will revolutionise how the Australian mining industry is powered.

April 08, 2024


clock1min

Production with 60% renewable energy is on track for mid-2024. 

We are proud to be a strategic partner for Liontown Resources’ Kathleen Valley Lithium Project, an innovative venture that will revolutionise how the Australian mining industry is powered. 

Our Hybrid Power Station is nearing completion to provide over 60% renewable energy from the outset, a milestone achievement for remote off-grid power in the mining industry. 

default
Share this article

Home

News and Blog

Visit of Senator Linda Reynolds to Zenith Energy: Driving Innovation and Equity in the Energy Transition 
Blogs, ESG, In the News, News

Visit of Senator Linda Reynolds to Zenith Energy: Driving Innovation and Equity in the Energy Transition 

Senator the Hon. Linda Reynolds CSC recently visited Zenith Energy's Rivervale offices.

April 05, 2024


clock3min

Senator the Hon. Linda Reynolds CSC recently visited Zenith Energy’s Rivervale offices, hosted by key members of Zenith’s leadership team including Doug Walker, Executive Chairman; Hamish Moffat, Managing Director; Dominic Da Cruz, Executive ESG & Stakeholder Engagement; and Jason Good, General Manager – Connected Energy. During the visit, discussions centred around the role of energy in supporting the international competitiveness of Australia’s critical minerals industry, addressing modern slavery and replicating more widely across the country Zenith’s microgrids solutions. 

One highlight was the “Eve” Eglinton Village Energy microgrid, Western Australia’s first residential community energy network. This initiative, facilitated by Zenith Energy and Cedar Woods, integrates renewable energy solutions into property development, resulting in significant cost savings for participating households. 

Plans were made to continue collaboration with the Senator including her visit to Zenith’s projects in the Goldfields to support Zenith’s development of a system solution for the region to ensure energy security, reliability, and its decarbonisation for the benefit of traditional owners, the mining sector and communities who live and work there.  

During the visit, Zenith Energy reaffirmed its deep commitment to leading the energy transition with equity, diversity and inclusion as it progresses to Net Zero. The company firmly believes in the universal right to clean, reliable, and affordable energy, and it is steadfast in its determination to realize this vision. The visit underscored the commitment of Zenith Energy and its partners to pioneering sustainable energy solutions that benefit businesses and communities where we operate. 

Share this article

Home

News and Blog

Advancing Skills: Bespoke Training for INNIO Jenbacher Gas Engines
Blogs, In the News, News

Advancing Skills: Bespoke Training for INNIO Jenbacher Gas Engines

Collaborating with our OEM partner, INNIO Jenbacher, we recently conducted a comprehensive training programme at the INNIO Jenbacher Training Centre in Thailand.

March 27, 2024


clock3min

At Zenith Energy, we place great emphasis on nurturing the growth and development of our workforce through robust training initiatives.

Our dedication to fostering a culture of continuous learning is evident in our provision of training opportunities for all employees. Working closely with our esteemed long-term OEM partner, INNIO Jenbacher, we recently organised an extensive training programme for members of our Operations team at the INNIO Jenbacher Training Centre in Thailand.

During this intensive training session, our team delved deep into enhancing their understanding of Jenbacher Gas Engines, acquiring invaluable insights and expertise specific to OEM Jenbacher engines. Under the guidance of John Murphy, our Maintenance Superintendent, the programme covered a wide range of theoretical and practical skills, from throttle valve replacements and gas train adjustments to the meticulous process of disassembly, major overhaul, and reassembly of critical engine components.

This investment in training equips our team with the tools and knowledge necessary to remain at the forefront of technological advancements and best practices in engine maintenance. By keeping abreast of current maintenance methodologies, we ensure that our engines operate optimally in the field, delivering the highest standard of service to our clients.

Share this article

Home

News and Blog

Liontown Kathleen Valley: Wind Farm Project, cover of the Clean Energy Council’s Australia 2024 report.
In the News, News

Liontown Kathleen Valley: Wind Farm Project, cover of the Clean Energy Council’s Australia 2024 report.

Our Liontown Kathleen Valley Lithium Project Wind Farm, in Northern Goldfields, WA, Tjiwarl Country, has been selected as the cover of the Clean Energy Council’s Clean Energy Australia 2024 Report.

March 22, 2024


clock1min

Our Liontown Kathleen Valley Lithium Project Wind Farm, located in Northern Goldfields, WA, Tjiwarl Country, has been featured on the cover of the Clean Energy Council’s Clean Energy Australia 2024 report.

This recognition underscores our ongoing commitment to clean and sustainable energy in the region.  

Our Goldfields Projects currently in construction and in planning demonstrate how renewable energy can drive economic growth, job creation, and secure, reliable, and affordable renewable energy for communities. 

We remain committed to innovation, equity and inclusion as we progress toward a Net Zero future!  

Share this article

Home

News and Blog

Zenith Energy Named Finalist in the Global Energy Transition Awards 2024 
Blogs, ESG, In the News, News

Zenith Energy Named Finalist in the Global Energy Transition Awards 2024 

March 19, 2024


clock5 min

We are thrilled to announce that Zenith Energy has been selected as a finalist in the prestigious Reuters Global Energy Transition Awards 2024 to be held in New York City this June. These awards recognise and celebrate the pioneering efforts of organisations and individuals in driving the energy transition worldwide. 

Being named a global finalist in the category of “The Company of Net Zero Future” is a testament to Zenith Energy’s commitment to leading the charge towards a cleaner and more sustainable energy future. It reflects our dedication to innovation, collaboration, equity, inclusion, environmental leadership, driving positive change in the power sector, and the markets and communities where we operate. 

The winners will be revealed at the Global Energy Transition Awards Ceremony, scheduled for June 25, 2024, in New York City. This event serves as a platform to highlight the remarkable achievements of industry leaders who are shaping the future of energy. 

For more information about the Global Energy Transition Awards 2024 and to view the complete list of finalists, please visit the official website: Global Energy Transition Awards 2024 (reutersevents.com)

Share this article

Home

News and Blog

Zenith Energy Pty Ltd (Zenith Energy) is pleased to announce that it has further strengthened its bank group by adding NORD/LB to its existing A$760M syndicated facility.
Blogs, In the News, News

Zenith Energy Pty Ltd (Zenith Energy) is pleased to announce that it has further strengthened its bank group by adding NORD/LB to its existing A$760M syndicated facility.

February 06, 2024


clock5 min

Zenith Energy Pty Ltd (Zenith Energy) is pleased to announce that it has further strengthened its bank group by adding NORD/LB to its existing A$760M syndicated facility.

This follows a A$320M increase to Zenith’s existing A$440M syndicated facility which was completed in September 2023.

NORD/LB complements Zenith’s already robust lender group. NORD/LB is a leading financier of renewable energy and storage assets with over 1,000 renewable projects (equivalent to >60GW) and over 2.0GW of battery energy storage projects financed to-date across Europe, Americas, and Asia Pacific.

Ross Bennett, Managing Director of NORD/LB Structured Finance in APAC shares “NORD/LB is committed to financing the transition to a sustainable future by supporting our clients across our global platform. We are proud to be supporting Zenith Energy with its target for achieving net zero by 2035. This financing is particularly exciting to us because as Zenith helps regional off-grid miners convert their energy generation to sustainable sources, they are also accelerating the decarbonisation of downstream industries and ultimately end products”.

The addition of NORD/LB is another strong endorsement of Zenith’s capabilities and strategy to be a leading player in the decarbonisation of the mining industry.

Zenith CEO Hamish Moffat commented “We are pleased to add another high-quality international lender to our already strong Lender Group, as Zenith nears the completion of the Kathleen Valley Hybrid Power Station (96MW) and continues the construction of the Bellevue Hybrid Power Station (90MW) and Jundee renewable retrofit (53MW). Adding high quality lenders with strong project finance and renewable energy capability ensures Zenith has the financial capacity to fund additional material growth projects in our pipeline.”

Zenith continues to benefit from strong support from its institutional shareholders, Pacific Equity Partners, Foresight Group and OPTrust. These shareholders collectively have over A$60bn of funds under management and have significant energy infrastructure experience, having invested in renewables, thermal generation, and storage assets across Australia, Europe, and North America. These shareholders have collectively successfully developed over 1,500MW of greenfield, large-scale renewable projects.

Share this article

Home

News and Blog

Zenith Energy wins big at Asian Power Awards
Blogs, In the News, News

Zenith Energy wins big at Asian Power Awards

November 10, 2023


clock5 min

Zenith Energy clinched two major titles at this year’s 2023 Asian Power Awards: Independent Power Producer (IPP) of the Year – Australia; and ESG Programme of the Year – Australia.


The Awards which are celebrating its 19th year noted Zenith Energy now leads Australia’s IPP sector following a strong 2023 performance, and in its decarbonisation and broader ESG programme.


Zenith’s unique sustainability credentials, in-house capability and proven bankability have delivered a doubling of its contracted generation assets since FY21 from 316 MW to 695 MW today, with growth continuing to accelerate in the foreseeable future.


In FY23, Zenith has contracted and is constructing most of Australia’s off-grid high-penetration renewable power stations to become the leader in the IPP sector in Australia by installed capacity. It is also the sole owner and operator of all three green-titled microgrids connected to Western Australia’s South West Interconnected System (SWIS).
The company has grown its base EBITDA run-rate from ~ $41m, normalised for one-off operational impacts, to more than $108m run-rate inclusive of contracted projects and greater than $120m when factoring in projects awarded with contracts in progress.


This stellar performance has been driven by an improved earnings profile, quality of counterparties and underlying mines, and favourable debt facility terms.
Highlights of Zenith’s 2023 performance were its major contribution to the decarbonisation of Australia’s remote off-grid mining for critical minerals and precious metals, and its SWIS-connected microgrids for land developments in Western Australia.


“The rise in importance of ESG has shone a light on the desirability of working with Zenith. The only IPP in Australia to set a net zero target, Zenith, is on track to be net zero by 2035 across scope 1, 2, and 3 emissions,” the company said.


Zenith Energy’s Managing Director Hamish Moffat said “Zenith achieved significant milestones in 2023 including exceeding three million loss time injury free hours; sector leading engagement with First Nations communities; market share leadership; material EBITDA, and enterprise value growth; and delivering decarbonisation milestones ahead of schedule.


The Asian Power Awards, now in its 19th year, celebrates and honours companies and projects that have taken innovative and game-changing steps to address the effects of the climate crisis and meet the growing demand for energy.

Share this article

Home

News and Blog

Zenith Energy Pty Ltd (Zenith Energy) is pleased to announce that it has successfully completed a debt financing, adding a new A$320 million tranche to its existing A$440 million syndicated facilities that were established in October 2022.
Blogs, In the News, News

Zenith Energy Pty Ltd (Zenith Energy) is pleased to announce that it has successfully completed a debt financing, adding a new A$320 million tranche to its existing A$440 million syndicated facilities that were established in October 2022.

September 04, 2023


clock5 min

Zenith Energy Pty Ltd (Zenith Energy) is pleased to announce that it has successfully completed a debt financing, adding a new A$320 million tranche to its existing A$440 million syndicated facilities that were established in October 2022. The increase in limits attracted two new lenders, DBS Bank (DBS) and Natixis CIB (Natixis), joining existing lenders Westpac Banking Corporation (Westpac), National Australian Bank (NAB), Sumitomo Mitsui Banking Corporation (SMBC), BNP Paribas (BNPP), Australia and New Zealand Banking Group (ANZ) and Aware Super (Aware).

The A$320 million of new debt limits ensure Zenith has committed facilities to fund new growth projects including recent contract wins, notably the 96MW Kathleen Valley Hybrid Power Station for Liontown Resources, the 88MW Bellevue Gold Hybrid Power Station and a 53MW renewable retrofit of Zenith’s existing Jundee Power Station for Northern Star Resources. Significant committed facility headroom remains to fund further material growth projects.

Further commitments from existing lenders and the addition of DBS and Natixis to an already robust lender group is a strong endorsement of Zenith’s strategy and capabilities. The continued support from lenders facilitates Zenith’s desire to be a leading player in the decarbonisation of the mining industry.

Zenith continues to benefit from strong support from its institutional shareholders, Pacific Equity Partners, Foresight Group and OPTrust. These shareholders collectively have over A$55bn of funds under management and have significant energy infrastructure experience, having invested in renewables, thermal generation, and storage assets across Australia, Europe, and North America. These shareholders have collectively successfully developed over 1,500MW of greenfield, large-scale renewable projects.

Zenith’s financial advisers were Azure Capital and KPMG Corporate Finance and its legal adviser was Allens. King & Wood Mallesons was a legal advisor to the lenders.   

Share this article

Home

News and Blog

Zenith Energy, through its subsidiary Ocean Reef Renewable Energy (ORRE), will own and operate an innovative electricity microgrid at DevelopmentWA’s Ocean Reef Marina development.
Blogs, In the News, News

Zenith Energy, through its subsidiary Ocean Reef Renewable Energy (ORRE), will own and operate an innovative electricity microgrid at DevelopmentWA’s Ocean Reef Marina development.

August 23, 2023


clock5 min

Zenith Energy, through its subsidiary Ocean Reef Renewable Energy (ORRE), will own and operate an innovative electricity microgrid at DevelopmentWA’s Ocean Reef Marina development.

ORRE will be a vertically integrated licenced electricity utility – generator, distributor, and retailer – at the mixed-use Ocean Reef Marina precinct. 

This ground-breaking initiative will provide more renewable energy and lower electricity costs to its customers.  It will also serve as another milestone in the State Government and Zenith Energy’s journey to net zero emissions.

The microgrid will deliver more clean energy to customers and is targeting a 30% saving on annual electricity bills, relative to the relevant Regulated Tariff.

Ultimately, Ocean Reef Marina will introduce over 1,000 new residential dwellings, offering a variety of housing options such as single residential homes, and apartments. The release of the first residential lots is scheduled for late 2024.

Ocean Reef Marina is the second microgrid initiative by DevelopmentWA & Zenith Energy, building on the success of the electricity microgrid at Peel Business Park, launched in December 2020.

About Ocean Reef Marina

Ocean Reef Marina is a highly significant project for the state, expected to generate over 8,600 construction jobs and inject $3 billion into the Western Australian economy. It will feature Perth’s inaugural coastal pool and a family beach within the marina’s protected area.

Residents, visitors, and tourists will have access to a diverse range of shopping, dining, and entertainment options within the marina, boasting over 12,000 square meters of retail and commercial floor space, along with more than 5 hectares of community space.

For more information on the ground-breaking Ocean Reef Marina project, please visit:  https://developmentwa.com.au/projects/industrial-and-commercial/ocean-reef-marina/overview

Share this article

Home

News and Blog

Zenith Energy has signed a renewable energy Power Purchase Agreement with Northern Star Resources Ltd. for their Jundee mining operation in the northern goldfields of WA.
Blogs, In the News, News

Zenith Energy has signed a renewable energy Power Purchase Agreement with Northern Star Resources Ltd. for their Jundee mining operation in the northern goldfields of WA.

June 27, 2023


clock5 min

Zenith Energy has signed a renewable energy Power Purchase Agreement with Northern Star Resources Ltd. for their Jundee mining operation in the northern goldfields of WA.  It follows the two companies announcing an early works agreement for the project in January this year.

Jundee is an existing mining operation that will have wind, solar and battery retrofit and integrated into the existing gas power station. The renewable generation being added includes 24 MW of wind, 16.9 MWp of solar, and 12 MW / 13.4 MWh of battery energy storage.  This will provide 56% of the mine site’s power.

With the addition of our renewable energy PPA with Northern Star Resources Ltd. Zenith Energy will achieve and exceed its interim net zero milestone of reducing by 20% the carbon intensity of our business by 2025 from our 2020 baseline.  A target which includes scope 1, 2 and 3 emissions.

Achieving this milestone is a result of the incredible staff and strong relationships with our customers and suppliers.

Share this article