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Vena Energy Proud to be a Founding Member of the Business Renewables Centre – Australia

BRISBANE, 12 November, 2018 – Vena Energy, the largest independent renewable energy company in the Asia-Pacific region, is proud to be one of the founding members of the Business Renewables Centre – Australia (BRC-A).

The BRC-A was established to bring together electricity users and suppliers, providing an opportunity for users to learn more about how to simplify, streamline and accelerate corporate purchasing of large-scale renewable energy and storage.

The BRC-A provides tools, templates and training to members seeking to secure their energy needs against market volatility. Members can draw on the experience and knowledge of other members before embarking on their own journeys toward more affordable energy prices and lower environmental impact.

The BRC-A will be supported by funding from the Australian Government over the next three years with the goal of helping Australian businesses and local governments procure 1GW of installed renewable energy by 2022 and 5GW by 2030.

“As the largest renewable energy IPP in the Asia-Pacific region, with over $1 billion of projects under construction and in development across Australia, Vena Energy is excited to have the opportunity to share our experience and knowledge with Australian electricity users seeking to take control of their costs and assure the reliability of their energy supply,” said Anil Nangia, Vena Energy Country Head for Australia. “We are leveraging our regional project development track record, technical capabilities and economies of scale to deliver large-scale, low-cost clean energy, which Australia needs, as well as providing employment opportunities and supporting economic growth in local communities.”

In South Australia, Vena Energy is building the 127 MW Tailem Bend Solar Project, 100 kilometres southeast of Adelaide. The $200m project is expected to begin delivering power to the grid in Q1 2019. Vena Energy is developing more than 2,000 MW of projects across Queensland, South Australia and New South Wales.

To learn more about the BRC-A, please visit www.businessrenewables.org.au.

Date

November 12, 2018

For General Inquiries

For Media Inquiries

Angela Tan
Group Head, Corporate Communications
angela.tan@venaenergy.com

For Investor Relations

Juwon Chae
Group Head, Sustainability and Investor Relations
IR@venaenergy.com