The Goulburn Biogas Project is located at the Southern Meats abattoir, one of Australia’s leading sheep meat exporters.

Under the revised arrangements Quantum will build, own and operate the project under a long term Power Purchase Agreement (PPA) between Southern Meats and Quantum.

RFM will remain involved in the Project through to completion through participation in a project control group, alongside members of the Quantum team.

The project includes the construction and commissioning of an anaerobic digester, gas treatment equipment, electrical generation and electrical interconnections to the facility.

The project is expected to cost approximately $4 million to design, construct and commission, including all costs involved with the assumption of the PPA agreement from Rural Funds Management.

Once commissioned, the project will have a capacity of approximately 1.6 MWe with Quantum supplying over 4 million kWh of energy to the customer annually; representing over 50% of their power consumption.

In addition to the sale of onsite power, the project will produce renewable energy certificates and is also registered with the Clean Energy Regulator as an eligible Emissions Reduction Fund project eligible for Australian Carbon Credit Units (ACCUs).

Quantum is currently completing final design works and obtaining regulatory approvals for the project, with construction targeted for the first half of 2016.

“We would like to acknowledge and thank RFM for the role they have played in progressing the project to date and look forward to their continued engagement,” Geodynamics CEO, Mr Geoff Ward said.

“The Goulburn Biogas Project is an excellent project that brings substantial benefits to its customer through reduced energy costs, increased energy self-sufficiency, and improved environmental performance.

We look forward to working with the Southern Meats team to deliver an excellent project.

The acquisition of this project, in combination with securing a PPA to supply biogas power to a West Australian pork producer (as announced to the market on September 7 2015), are important steps towards building an attractive portfolio of renewable energy assets with robust, long life earnings.

This initial success in growing our portfolio validates the benefits of merging Geodynamics engineering, project management and financial resources to Quantum’s business development pipeline anticipated when we agreed the merger between Geodynamics and Quantum.”