01 Performance EPURON AND VOYAGES RESORT

CEFC ANNUAL REPORT / 2014–15

Epuron and Voyages Resort

The CEFC committed $4.7 million in finance to Australian renewable energy company Epuron for the installation of 1.8MW of solar PV at the award-winning Ayers Rock Resort.

Project Scope

CEFC finance for the iconic Ayers Rock Resort solar project is encouraging additional private sector investment in renewable energy and helping to build Australia’s technical experience in remote-area solar installation and maintenance.

Epuron will provide the solar energy supply under a long-term agreement with the resort’s owners, Voyages Indigenous Tourism Australia, which is wholly owned by the Indigenous Land Corporation (ILC), a corporate Commonwealth entity.

The solar at Ayers Rock Resort is expected to generate power to cover up to 30 per cent of the resort’s daytime use, or about 15 per cent of its annual overall energy use and reduce the need for the use of trucked-in fuel.

Voyages also received $450,000 from ARENA to analyse and share the expertise gained from the project.

Looking to the future

The Ayers Rock Resort project is part of the CEFC’s growing program of solar installation in remote areas and provides a scalable and replicable model for future solar rollouts.

The CEFC committed $13 million in finance to enable the expansion of Epuron’s 1MW Uterne solar plant at Alice Springs to 4.1MW, making it Australia’s largest completed solar farm using tracking technology.

The CEFC has financed $17 million towards remote solar projects in the Northern Territory, as part of its commitment to help drive down the cost of solar development and further strengthen Australian industries in the solar supply chain.

Using solar to help power our resort demonstrates our commitment to sustainable environmental tourism practices.” Voyages CEO, Andrew Williams