Australian Potash (ASX:APC) - CEO, Matt Shackleton (left) and Chief Financial Officer, Scott Nicholas (right)
CEO, Matt Shackleton (left) and Chief Financial Officer, Scott Nicholas (right)
Source: Australian Potash
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  • Australian Potash (APC) appoints PWR Hybrid as the preferred bidder for a microgrid at the Lake Wells sulphate of potash project in Western Australia
  • The companies are currently finalising the details on the power purchase agreement
  • If successful, PWR will build, own and operate the 35-megawatt hybrid renewable microgrid
  • The microgrid will combine an innovative gas-fuelled power station with solar, wind and battery energy storage technology, which is expected to achieve a renewable energy fraction (REF) above 65 per cent
  • On the market this afternoon, Australian Potash is up 1.01 per cent and is trading at 10 cents per share

Australian Potash (APC) plans to team up with PWR Hybrid to build, own and operate the Lake Wells high renewable energy fraction microgrid.

PWR Hybrid was awarded preferred proponent status for the 35-megawatt hybrid renewable microgrid.

The power purchase agreement will be finalised through the early contractor involvement process, which is currently in progress.

The microgrid will combine an innovative gas-fuelled power station with solar, wind and battery energy storage technology, which is expected to achieve a renewable energy fraction (REF) above 65 per cent.

PWR Hybrid brings over 28 years of experience in developing power solutions to remote sites across the globe.

In terms of the REF, the hybrid facility will become one of the leading remote mine site power installations in the country.

The Lake Wells microgrid will be developed in a staged approach, with the thermal component to be completed within about 15 months of making a final investment decision.

Commenting on the appointment is Managing Director and CEO Matt Shackleton said.

“We are pleased to appoint a preferred proponent to work with us in developing what will be Australia’s greenest sulphate of potash (SOP) project,” he said.

PWR Hybrid’s Director, Ryan Green, was pleased to be awarded the preferred bidder status.

“This is further recognition of PWR Hybrid’s capabilities in the hybrid power station market,” he said.

“Having recently delivered a 12MW gas-fired power station in WA, and commenced work on the hybridisation of that project, the company is well-positioned to partner with APC to provide an industry leading hybrid power station at the Lake Wells SOP Potash Project.”

On the market this afternoon, Australian Potash was up 1.01 per cent and is trading at 10 cents per share at 3:17 pm AEST.

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