PRESS RELEASE: 26 August 2016
Renewable Energy in Queensland — Presentation with the Environmental Defenders Office Qld
Our director Gerald Arends was a guest speaker on Wednesday 24 August 2016 at an event hosted by the Environmental Defenders Office Qld.
Gerald joined two other renewable energy industry experts, Trevor Berrill, and Paul Jones of CSA Services, for a presentation and subsequent discussion of how Queensland can overcome the hurdles currently blocking the renewable energy industry from taking off, to ensure a safer climate in the future.
The event was in response to the Queensland Government discussion paper ‘Advancing Climate Action in Queensland: Making the transition to a low carbon future’ and was designed to assist attendees in preparing their submissions, due on 2 September 2016.
As at July 2016, Queensland has no climate mitigation laws or targets. The speakers’ talks were very well received and highlighted the diverse aspects of how the renewable energy industry in particular can be assisted to allow transformative improvement on climate mitigation.
Gerald’s presentation drew from his experience in the solar industry spanning more than 20 countries and discussed the success factors that were present in other markets. He also looked at specific issues in Queensland law that could be earmarked for law reform.
The EDO will make available a copy of the presentation at www.edoqld.org.au.
If you wish to discuss this topic further, or would like assistance with your submission to the Queensland Government, please contact Gerald Arends.
PRESS RELEASE: 07 March 2016
Cadiz (Philippines): Opening of the Largest Solar Power Project in South-East Asia
Pegasus Legal would like to congratulate Helios Solar Energy Corp. and Equis on the opening of the 132 MW Cadiz (Negros Occidental) solar power project in the Philippines.
Equis was lead sponsor in the development and financing of what is now the largest solar power project in South-East Asia.
Craig Marsh led the team from Equis and was advised by Pegasus Legal on the procurement of EPC and O&M Services from Bouygues and VSL Philippines.
Photo courtesy of Helios Solar Energy Corp.
PRESS RELEASE: 06 OCTOBER 2015
Pegasus Legal Community Engagement: Sponsorship for Australia’s premier Solar Car Racing Team – Clenergy TeamArrow
Pegasus Legal proudly announces that it has entered into a sponsorship with Clenergy TeamArrow – Australia’s premier solar car racing team. Clenergy TeamArrow was the highest ranked Australian finisher in the 2013 Bridgestone World Solar Challenge and has completed the 2015 Abu Dhabi Solar Challenge where it won the mechanical design award. It recently joined forces with leading renewable energy supplier Clenergy. Clenergy Team Arrow is currently preparing for the 2015 Bridgestone World Solar Challenge.
Clenergy TeamArrow is showcasing the power and resourcefulness of a dedicated team of volunteers, supported by commercial and research organisations. Its continued success in solar car races is testimony to the skills assembled in the Brisbane-based team: Competitors in the Bridgestone World Solar Challenge face a range of complex issues such as finding a way to deliver optimal efficiency from the vehicle and complex power-electronics systems all while dealing with the harsh Australian outback conditions. These challenges are addressed through the development of world class Australian technologies, many of which have made their way from previous challenges into consumer motoring products.
Anthony Prior, President of Clenergy TeamArrow, notes: “Our organisation has matured over the last two years and the technology in our solar car becomes ever more refined. Hand in hand go more complex legal and commercial arrangements supporting our organisation. We are delighted that Pegasus Legal have agreed to sponsor us with their legal support on our major commercial arrangements. Gerald Arends and Swati Johri from Pegasus Legal have delivered an enormous number of solar projects around the world and in Australia and are an ideal fit for us. We hope for a long and mutually beneficial relationship.”
Announcing the sponsorship, Gerald Arends, Director of Pegasus Legal, observes: “The work undertaken by Clenergy TeamArrow is awe-inspiring – against all the odds they consistently perform well against a field of competitors many of whom are better funded and better equipped. Being part of the community that supports Clenergy TeamArrow is a real privilege. As Anthony noted, we are heavily involved in renewable energy projects and – in our view – one of the so far untapped potentials for carbon reduction accounts for about one third of the primary energy usage in OECD countries: transport. We are very excited about the opportunity to work with Anthony and his team at the “coal face” of changing the way we move about.”
The 2015 Bridgestone World Solar Challenge commences on 18 October 2015.
PRESS RELEASE: 19 AUGUST 2015
Pegasus Legal Community Engagement – Brisbane Symphony Orchestra
The Brisbane Symphony Orchestra cordially invites you to its 6 September 2015 performance of Gustav Mahler’s Symphony No 2 (Resurrection) at City Hall in the Brisbane CBD. This is a rarely performed work given its colossal instrumentation and requirements for choir and vocal soloists. The Brisbane Chorale and soloists Georgia Hawes-White and Melinda Janetzki (née Melinda van der Meulen) will feature in this performance.
Many philosophers and intellectuals search for why we exist. Mahler used his second symphony, the Resurrection, to give the world insight to his view. He created a tonal landscape that explored the trials and joys of life and when sound could no longer adequately express his thoughts he used the text, "I come from God and I return to God", to answer his questions.
Pegasus Legal is a proud supporter of the Brisbane Symphony Orchestra aiming to provide it with the financial support to undertake larger productions at venues that might otherwise not be accessible to the Brisbane Symphony Orchestra.
Pegasus Legal is boutique law firm specialising in energy, infrastructure, property and construction. We pride ourselves on assisting clients in the development of assets that are useful to society. We maintain relationships within the communities in which we are operating by re-investing part of our revenue into charitable causes.
PRESS RELEASE: THURSDAY 6 AUGUST 2015
Pegasus Legal advises Solea AG on its market entry in Australia
on a solar/diesel project
Pegasus Legal would like to congratulate its client Solea AG on the impending market entry into the Australian offgrid hybrid solar market. Solea AG will partner with Zenith Pacific in the set-up of a joint venture business which will be tasked with delivering the solar component for Sirius Resources’ Nova hybrid diesel/solar power station. Sirius Resources has now nominated Zenith Pacific as its preferred tenderer for the Nova power station.
The 6.7 MW solar power station will be delivered at zero capital cost to Sirius Resources and will produce about 12.5 million kWh per year and reduce carbon emissions by approximately 8,000 tonnes CO2-e per year of. The solar facility will be delivered within a time frame of 20 weeks.
This project shows the superior economic benefits of hybrid solutions at the current stage of renewable technology development. Similar to the car industry, a close cooperation between suppliers of traditional power generation technology and renewable energy technology will be the paradigm for years to come until storage technology is further developed.
The work for Solea AG follows Pegasus Legal’s recent success with another Western Australian project deploying a solar/battery facility into a diesel network.
The team at Pegasus Legal has advised on a wide range of leading solar projects around the world including Australia, Europe, South Africa, Thailand, Philippines and Japan. For further information please contact Directors Gerald Arends or Swati Johri.
PRESS RELEASE: FRIDAY 26 JULY 2015
Renewable Energy and Property Development –
Presentation to the Round Table Group (Brisbane)
Our director Gerald Arends presented on Friday 26 July 2015 at Tattersall’s Club to about 25 attendees of a lunch organised by the Round Table Group (Brisbane) on the potential of deploying for renewable energy in property development. James Stott, director of Viva Property Group presented on recent town planning developments affecting the Brisbane property market.
The Round Table Group was set up and brings together the experience of Michael Alcorn (Commex Concepts), Daniel Boucher (Truform Construction), John Biggs (Conquest Accounting), Shane Lockland (Brislec Data & Electrical) and Aaron Alcorn (Commex Concepts). It encourages professionals and business owners to bring together their experiences, skills and interest in investment opportunities. The lunch was an inaugural session with a wider audience exploring property development opportunities in the Brisbane market.
Property development offers an opportunity to deploy renewable energy (such as solar), battery technology and energy efficient technologies (such as combined heat and power (CHP) or trigeneration (heating, cooling, electricity)) consistently across a development site and thereby avoids onerous consensus requirements that arise in brownfield sites. Where arrangements are in place prior to development being launched, “green” features can become a significant marketing benefit. Property developers also have the opportunity to reap a financial benefit from providing, or from creating the opportunity to provide, essential services through “on-selling” arrangements to the occupants of the developments, which form a “captive” audience.
The regulatory context for the Brisbane and Queensland has recently changed. 1 July 2015 saw the introduction of the National Energy Customer Framework in Queensland. On-selling is now regulated by the Australian Energy Regulator (AER). The AER itself has tightened the rules on on-selling as of 1 January 2015 and it is these tighter rules that now govern new property developments looking at on-selling opportunities. While the requirements have tightened and increased the compliance burden, the requirements are navigable.
Please contact Gerald Arends should you wish to discuss this topic further.
PRESS RELEASE: 22 JULY 2015
Pegasus Legal advises juwi Renewable Energy on a world-leading $40M solar/battery integration project
Pegasus Legal has acted for juwi Renewable Energy on a solar/battery power plant to be constructed at the DeGrussa Gold-Copper mine owned by Sandfire Resources. The project combines a 10.6MW tracking solar array and 6MW of battery storage capacity. Pegasus Legal supported juwi from the early days of developing an innovative power purchase agreement dealing with the particular challenges of an off-grid project and technical integration into an existing diesel network. Sandfire Resources expects that the project will significantly reduce its diesel consumption. Carbon emissions will be reduced by over 12,000 tonnes of CO2 annually.
juwi is responsible for engineering, procurement and construction of the power plant with on-site installation being undertaken in joint venture with OTOC. juwi will operate and maintain the power plant once construction is complete.
The project attracted grant funding of $20.9M from the Australian Renewable Energy Agency (ARENA), incoming equity from French renewable energy company, Neoen and project finance of $15M from the Clean Energy Finance Corporation (CEFC). Financial close was achieved on 14 July 2015.
The CEFC was advised by King & Wood Mallesons, Neoen was advised by both Herbert Smith Freehills and Baker & McKenzie, ARENA was advised by Mills Oakley, and Sandfire Resources was advised by Holman Fenwick Willan.
The project is unique in the size of the solar/battery integration and the level of solar penetration. It will set the benchmark for future projects of this nature.
The Pegasus Legal team comprised Directors, Gerald Arends and Swati Johri and Associate, Laura Hillhouse.
The team at Pegasus Legal has advised on a wide range of leading solar projects around the world including Australia, Europe, South Africa, Thailand, Philippines and Japan.