5 minZenith 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
