Renewable Energy + Social Impact (Prime)

Background

In the face of the current global energy crisis, humanity grapples with surging energy prices, heightened energy poverty, and economic instability. Yet, amidst these challenges, solar power shines as a beacon of hope. Its scalability and distributed generation capacity cater to diverse energy needs, from individual homes to large-scale projects. Continuous technological advancements drive cost-efficiency, making solar energy increasingly accessible. Crucially, solar power holds the promise of bringing electricity to underserved regions, uplifting living standards, and fostering economic growth. It stands as a pivotal solution in addressing the global energy crisis, offering a pathway to a more sustainable and secure energy future.

Opportunity

PRIME ENERGY PTY Ltd, a 100% Aboriginal owned and operated business, is dedicated to increasing the Economic Participation and Wealth creation of Aboriginal and/or Torres Strait Islander (Indigenous) people. As a profit-for-purpose company, we are committed to collaborating with Indigenous entrepreneurs and business owners who strive to build strong, self-determined Indigenous communities. Our mission is to support communities in creating new industries and ensuring their participation in the economy for generations to come.

Quantum Power Asia, as an Independent Power Producer, leads the charge in accelerating the development of grid-connected and off-grid, remote Hydropower, Solar PV, and PV-Hybrid energy solutions. Through strategic acquisitions, partnerships, and greenfield developments, Quantum Power is steadfast in its commitment to greening the region’s energy footprint and expanding sustainable electrification.

Deal Highlights

Launch of the largest Indigenous solar project in Australia.
Commencement of the first phase of five renewable power plants in collaboration with the Queensland Government.
Secured off-take agreement with Stanwell and the Queensland Government.
Execution of a term sheet with an established Australian mining company for a 200 megawatt peak (MWP) solar joint venture project.
Partnership with ib vogt, one of the world's largest solar developers based in Germany, with operations spanning across 43 countries and a portfolio of over 2 GW of Solar globally.
Development of a 1-gigawatt (GW) power plant with options for an additional five plants.
Assurance of 25-year annuities revenue.
Generation of millions in carbon offsets.
Foundation supported by Social Impact credits, aimed at fostering local job creation and training programs.