The Kidston Pumped Storage Hydro project is the first pumped hydro energy storage scheme globally to be developed in an abandoned gold mine. The giant battery located in Kidston, Far-North Queensland will pump water uphill when energy is abundant during off peak periods and releasing it to create power in times of peak demand.
The Kidston project is supported by NAIF’s 15-year concessional loan of AUD610m (USD475 million) - debt finance.
Genex will provide AUD120 million (USD93 million), including AUD25 million (USD19.5 million) investment by J-Power -equity finance.
The rapid growth in Indonesia’s urban areas required a rapid scale up in infrastructure investment. The Government of Indonesia set up Indonesia Infrastructure Guarantee Fund (IIGF) as a state-owned enterprise (SOE) to leverage private investments in infrastructure projects by providing government guarantees or credit enhancements to PPP projects.
As the government of Saudi Arabia aimed to rapidly diversify its economy away from oil, there was an increased focus on sustainable strategies and growth of Islamic capital markets. With its Green Sukuk Framework, Saudi Electricity Company raised USD1.3 billion for low-carbon and climate-resilient infrastructure.
Singapore's SolarNova program is a whole-of-government effort to accelerate the deployment of solar photovoltaic (PV) systems. The government took the lead in rolling out the rooftop PV systems across public housing and government buildings in collaboration with solar developers.
Australia’s national government introduced policy to incentivise asset recycling / capital recycling by state-level governments, offering up to 15% of the sale or lease proceeds of asset privatisations for re-investment in infrastructure projects. Since 2014, the State of New South Wales has raised AUD32.7 billion through asset recycling.
The Solomon Islands National Development Strategy 2016–2035 called for greater use of renewable energy generation in the medium term, to service both urban and rural demand. It also called for opening the market to independent power providers.
The 300MV Victorian Big Battery is currently to be Australia’s largest lithium-ion battery which assists in providing critical grid support services, reducing wholesale power costs for consumers and assisting in the transition to renewable energy in Victoria, Australia.
It utilises the System Integrity Protection Scheme (SIPS) which increases import capacity to Victoria by up to 250 MW, reducing the likelihood of unserved energy (USE) from high impact, low probability (HILP) events during summer periods.
The Contracts for Difference (CfD) were introduced as part of the UK's Electricity Market Reform to incentivise investment in secure, low-carbon electricity, improve the security of the UK’s electricity supply, and improve affordability for consumers.
To help transition to a low-carbon green economy, China announced plans to grow a corporate green bond market, establishing pilot zones in five provinces and autonomous regions to inform national green finance policies.
The Canadian Government established a national infrastructure bank to help attract private sector investors and institutional investmet in infrastructure projects in Canada that will generate revenue and are in the public interest.
European Bank for Reconstruction and Development (EBRD) launched the Green Economy Transition (GET) approach in 2015 to accelerate investments that drive environmental benefits. Following the severe impact of the COVID-19 health emergency, a new GET 2.0 was proposed to contribute to a green economic recovery post-COVID-19.
India's infrastructure needed substantial investment to fulfill the demands of the growing economy. The Indian government introduced various initiatives to demonstrate domestic confidence to foreign investors, including Infrastructure Investment Trusts (InvITs) as an avenue for infrastructure developers to divest operational projects and reduce their leverage.
After 99% of Queensland was declared a natural disaster zone due to the cumulative effects of Cyclone Yasi and widespread flooding, the Australian Federal Government imposed a one-off levy to finance AUD1.8 billion to rebuild infrastructure.
The Chicago Infrastructure Trust (CIT) was created in 2012 to provide focus and leadership to build a pipeline of executable public-private partnership projects to meet Chicago’s infrastructure needs, drive economic development, and create jobs.
The Pensions Infrastructure Platform was developed to facilitate long-term investment in UK infrastructure by pension schemes. It was established by UK pension schemes to operate and invest for pension schemes. It allows pension schemes of all sizes to invest in national infrastructure projects by pooling resources into a single investment fund.
Due to rising energy prices, the Dutch Government has placed emphasis on meeting national energy performance objectives through the reduction of fossil fuel consumption.
The Dutch Government is seeking innovative solutions to deliver more energy and cost-efficient buildings, as well as achieving Net Zero Energy buildings by 2020.
The retrofits include installation of rooftop solar panels and other insulation technologies.