Infigen Energy

Infigen Energy
Traded as ASX: IFN
Industry Energy
Founded 2003[1]
Headquarters Sydney, Australia
Number of locations
 5
Area served
 Australia
Key people
 Ross Rolfe, CEO[2]
Products Electricity
Production output
 1,487 GWh (2017FY, p. 24)[3]
Services Renewable energy asset management
Revenue AU$197 million (2017FY, p. 22)[3]
AU$156 million (2017FY, p. 22)[3]
AU$32.3 million(2017FY, p. 52)[3]
Total assets AU$1,235.9 million (2017FY, p. 53)[3]
Total equity AU$479million (2017FY, p. 53)[3]
Number of employees
 50-100[4]
Website www.infigenenergy.com

Infigen Energy (Infigen), operating under this name since 29 April 2009,[5] is a developer, owner and operator of renewable energy generation assets in Australia. Infigen's wind farm portfolio has an installed capacity of 557 MW.[6] All of Infigen's assets generate electricity from renewable sources and are eligible to sell Large-scale Generation Certificates (LGCs) under the mandatory Renewable Energy Target scheme, which operates in Australia under the Renewable Energy (Electricity) Act 2000.

Infigen previously owned a wind farm portfolio in the US. In October 2015 Infigen sold its US wind business to an Arclight Capital Partners, LLC for US$274.4 million.[7] The US wind farms are subsequently operated by Leeward Renewable Energy, LLC.

Infigen reports under the Carbon Disclosure Project.

Infigen is a member of the Australian Energy Council and the Clean Energy Council.

History

The name Infigen is derived from the words infinite and generation.[8] Infigen Energy listed on the Australian Securities Exchange (ASX) in October 2005 under the code IFN. When they joined the ASX, they had three wind farms with an installed capacity of nearly 150 megawatts. According to a 2007 article, they had 33 wind farms with an installed capacity of 1,200 megawatts. As of 2007, they were the world's fourth largest owner of wind farms[9] and are Australia's biggest wind power supplier.[10][11]

In 2009, Infigen changed its name from Babcock & Brown Wind Partners after branching out from troubled parent company Babcock & Brown.[8]

In 2012, Infigen hosted its first "Run with the Wind" 10-kilometre fun run at its Woodlawn Wind Farm.[12] The following year, the company hosted their second fun run and were supported by the Greater Western Sydney Giants.[13] In both races, the race was won by Olympian runner Martin Dent, and proceeds were donated to charity. Infigen hosted the fun run in the following years in 2014, 2015, 2016 and 2017. It was announced that in 2018 the fun run will be held on Sunday, 21 October.

In 2013, the company collaborated with Danish wind turbines manufacturer Vestas on the wind energy campaign Act on Facts.[14]

In 2015, Infigen joined the Carbon Disclosure Project's Road to Paris climate commitments, also known as We Mean Business coalition. The same year Infigen joined Australia's CitySwitch Green Office program, which is a partnership between businesses and local, state and federal governments working together to make a positive impact on climate change.

In 2016, Infigen announced the retirement of its Managing Director and CEO, Miles George and the appointment of Ross Rolfe as his successor with effect from the conclusion of the company's annual general meeting on 17 November 2016. Miles George had been the Managing Director and CEO of Infigen since 2009.[15]

In 2017, Infigen announced the retirement of Mike Hutchinson as Chairman of the Board and appointment of non-executive director Len Gill in succession to Mr Hutchinson as Chairman of the Board.[16]

Infigen is a signatory to Caring for Climate, UN Global Compact.[17]

Australian wind farms

Infigen Energy holds 100% equity interests in its Australian wind farms. All of Infigen's wind farms are accredited by GreenPower.

Wind farmInstalled Capacity (MW)Number of turbinesState Original Equipment Manufacturer Off-take customer(s)
Alinta (also 'Walkaway')89.154Western Australia Vestas Alinta Energy (electricity & green energy certificates) & AGL Energy (green energy certificates)[18]
Capital140.767New South Wales Suzlon Sydney Desalination Plant[18]
Lake Bonney 180.546South Australia Vestas Corporate customers[19]
Lake Bonney 215953South Australia Vestas Corporate customers[19]
Lake Bonney 33913South Australia Vestas Corporate customers[19]
Woodlawn48.323New South Wales Suzlon Corporate customers[19]

Sources:[20] GreenPower accredited generators

Projects in development.

Wind farmInstalled Capacity (MW)Number of turbinesState Original Equipment ManufacturerOff-take customer(s) Status
Bodangora113.233New South Wales GE EnergyAustralia (60% of electricity & LGCs until 2030)[21] Under construction (2018 completion)[22]
Capital 210041New South Wales Project approval 2011. Modification approved in 2017
Cherry Tree5516Victoria State Government Project approval 2013. Securing grid connection
Flyers Creek14538New South Wales Project Approval 2014. Modification approved in 2017[23]

Australian solar farms

Infigen Energy holds 100% equity interests in its Australian solar farm.

Solar farmInstalled Capacity (MW)State
Capital East0.1New South Wales

Source: Company website[20]

U.S. wind farms (now owned by Leeward Energy, owned by ArcLight Capital Partners)

In 2014, EDPR had operating expenses of $25.1/MWh for its US wind farms.[24]

List of wind farms in USA

There are 18 renewable energy assets located in nine states across the U.S.:[25]

Wind farmInstalled Capacity (MW)Number of turbinesState
Allegheny Ridge8040Pennsylvania
Aragonne9090New Mexico
Bear Creek2412Pennsylvania
Blue Canyon74.345Oklahoma
Buena Vista3838California
Caprock8080New Mexico
Cedar Creek300.5274Colorado
Combine Hills I4141Oregon
Crescent Ridge54.4533Illinois
GSG8040Illinois
Jersey-Atlantic7.55New Jersey
Kumeyaay5025California
Mendota Hills51.763Illinois
Sweetwater 137.525Texas
Sweetwater 291.561Texas
Sweetwater 313590Texas
Sweetwater 4240.8181Texas
Sweetwater 580.535Texas

Source:[26]

References

  1. ↑ "Sydney:IFN". wsj.com. Retrieved 2013-10-30.
  2. ↑ Kohler, Alan (2018-05-01). "Earth, Wind & Fire: Infigen Energy". theconstantinvestor.com. Retrieved 2018-05-28.
  3. 1 2 3 4 5 6 "Infigen Energy Annual Report 2017" (PDF). Retrieved 2018-05-25.
  4. ↑ Infigen Energy ESG Report 2016
  5. ↑ "ASX Release: BBW Name Change and Updated Constitutions" (PDF). asx.com.au. 2009-04-29. Retrieved 2018-05-28.
  6. ↑ Sarah Thompson; Anthony Macdonald; Joyce Moullaki (2015-12-09). "Renewables crossroads lead to Infigen". afr.com. Retrieved 2016-01-22.
  7. ↑ ASX Release: Infigen announces sale of US wind business
  8. 1 2 "Babcock & Brown Wind becomes Infigen". businessday.com. Australian Associated Press. 2009-04-29. Retrieved 2013-10-30.
  9. ↑ Johnston, Tim (2007-05-31). "Australian investment fund rides the win". nytimes.com. Retrieved 2013-10-30.
  10. ↑ "Australia's small-scale green energy installations reach 2 million". upi.com. 2014-01-09. Retrieved 2014-01-31.
  11. ↑ McGrath, Pat (2014-01-09). "Renewable energy companies want certainty about review timeline". abc.net.au. Retrieved 2014-01-31.
  12. ↑ "Run with the wind - Off Track". abc.net.au. 2012-11-25. Retrieved 2013-11-22.
  13. ↑ "600 runners enter Run With The Wind". goulburnpost.com. 2013-11-19. Retrieved 2013-11-22.
  14. ↑ "Vestas launches Act on Facts campaign in battle against anti-wind movement, says "Don't let myths dictate our future"". vestas.com. 2013-06-11. Retrieved 2013-10-30.
  15. ↑ "Managing Director and Chief Executive Office Succession" (PDF). infigen.com. 2016-10-13. Retrieved 2018-05-28.
  16. ↑ "Board Succession" (PDF). infigen.com. 2017-12-29. Retrieved 2018-05-28.
  17. ↑ Caring for Climate Welcome Letter, UN Global Compact
  18. 1 2 "Infigen Energy Investor Presentation" (PDF). www.infigenenergy.com. 17 May 2017. Archived from the original (PDF) on 17 May 2017. Retrieved 30 May 2018.
  19. 1 2 3 4 "Infigen Energy Interim Results (2018FY)" (PDF). www.infigenenergy.com. 19 February 2018. Archived from the original (PDF) on 19 February 2018. Retrieved 30 May 2018.
  20. 1 2 Infigen Energy Annual Report 2015
  21. ↑ "Notice to proceed to construction of 113 MW Bodangora wind farm". www.infigenenergy.com. 31 March 2017. Archived from the original on 31 March 2017. Retrieved 30 May 2017.
  22. ↑ https://www.infigenenergy.com/bodangora/
  23. ↑ Planning, c=AU; o=New South Wales Government; ou=NSW Department. "Home page of the NSW Department of Planning website". majorprojects.planning.nsw.gov.au. Retrieved 2018-05-30.
  24. ↑ Sonal Patel. "DOE Report Highlights Triumph, Trouble for Wind Power Sector" August 12, 2015
  25. ↑ Leeward Energy, operational assets
  26. ↑ Leeward Energy website, operational assets
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