Downer EDI Limited/Announcement
Downer EDI Limited logo

Downer awarded Numurkah solar farm contract

Operational Update26 July 2018DOWIndustrials

Page 1 of 2

ASX and NZX Release

27 July 2018

DOWNER AWARDED NUMURKAH SOLAR FARM CONTRACT

Downer EDI Limited (Downer) announced today it had been awarded an Engineering, Procurement and

Construction (EPC) contract worth approximately $160 million for the Numurkah Solar Farm in northwest

Victoria.


The Chief Executive Officer of Downer, Grant Fenn, said Downer was a leader in solar farm construction in

Australia.


“We are pleased to be working with Neoen to deliver the Numurkah Solar Farm which will deliver significant

economic benefits for the local community in addition to the environmental benefits of a large scale

renewable energy project,” he said.


The Numurkah Solar Farm is a 128 megawatt (MW) renewable energy project supported by a 38MW Green

Certificate Purchase agreement with the Victorian Government and a 15-year power purchase agreement

with GFG Alliance’s SIMEC ZEN Energy.


“Through the purchase agreement with the Victorian Government, the Numurkah Solar Farm will help power

Melbourne’s tram network, which is operated and maintained by the Keolis Downer joint venture. This

connection highlights Downer’s position as the leading integrated services provider in Australia and New

Zealand,” Mr Fenn said.


Franck Woitiez, Managing Director of Neoen Australia, said the successful financial close of Numurkah is

one of the most significant milestones for the company’s operations locally.


“We’re delighted to have Downer deliver the Numurkah Solar Farm, an important project for Neoen because

it marks the achievement of our first Gigawatt of projects in Australia, either under construction or in

operation.”


Notice to proceed has been issued to Downer under the EPC contract and construction is scheduled to take

approximately 12 months.


About Downer


Downer is the leading provider of integrated services in Australia and New Zealand and customers are at the

heart of everything it does. It exists to create and sustain the modern environment and its promise is to work

closely with its customers to help them succeed, using world-leading insights and solutions to design, build

and sustain assets, infrastructure and facilities. Downer employs approximately 56,000 people across more

than 300 sites, primarily in Australia and New Zealand, but also in the Asia-Pacific region, South America

and Southern Africa. It also owns 88 per cent of Spotless Group Holdings Limited. For more information visit

downergroup.com.


About Neoen

Founded in 2008, Neoen is France’s and one of the world’s leading independent producers (IPP) of

renewable energy. With a current capacity of almost 2 GW already in operation or under construction, and a

further 1 GW of projects formally awarded and secured, Neoen has doubled its size in over just 18 months.

Neoen is active in France, Australia, El Salvador, Zambia, Jamaica, Portugal, Mexico, Mozambique and

Argentina and has assets in more than 15 countries. It operates Europe’s most powerful solar PV farm (300

MW in Cestas, France) and the world’s largest lithium-ion power reserve in Hornsdale, Australia (100

MW/129 MWh storage capacity). At the end of 2017, Neoen won one of the largest (375 MW) and the most

competitive solar project in Mexico. Neoen’s main shareholders are Impala (owned by Jacques Veyrat), the

Capenergie II and Capenergie 3 funds (managed by Omnes Capital) and Bpifrance. Neoen is targeting 5

GW capacity by 2021. More details at www.neoen.com

Downer EDI Limited

ABN 97 003 872 848

Triniti Business Campus

39 Delhi Road

North Ryde NSW 2113

1800 DOWNE

R

www.downergroup.com


Page 2 of 2


About Numurkah Solar Farm

For more on the Numurkah Solar Farm, go to numurkahsolarfarm.com.au


For further information please contact:

Noel Lean, Manager Corporate Affairs, Downer Transport and Infrastructure +61 447 228 967

Ayla Fitzgibbon, Neoen Australia +61 431 104 817

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

Other issuers discussed similar conditions around this time

Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.