EDL- Energy Developments Limited | Energy Solutions (An Overview)
Energy Developments Limited (EDL) is an Australian energy company involved in the development and operation of a range of energy projects. EDL has been developing renewable energy projects since 1991. EDL’s first project was Bunbury Geothermal, where a 15 megawatt facility is being developed for the Western Power electricity network.
EDL began as a geothermal company and subsequently diversified into other renewable energy sources including wind, solar and biomass. EDL also has interests in coal exploration, processing, coal-seam gas and power. EDL has operations in Australia and Papua New Guinea. EDL is listed on the Australian Securities Exchange and is a member of the S&P/ASX 200 index. EDL has a 20-year experience in the renewable energy sector and is currently involved in two projects.
EDL’s primary focus lies on developments throughout eastern Australia, covering markets including NSW, Queensland, ACT and Victoria. The majority of EDL’s activities are across central to northern Ausralia due to these states’ growing market demand for power generation from clean industries such as wind farms while also having high levels of solar radiation .
EDL’s primary market is in NSW for projects that are located north of the Hawkesbury and Nepean Rivers. EDL has been planning to expand its operations into western Sydney with a large project called Taronga Western Plains Wind Farm, which will supply 750 MW, however this project was cancelled on 6 February 2017 due to opposition from the community. After being submitted as Project 40/33 but after several delays it was eventually scrapped by Premier Mike Baird on 26 January 2018 after the Sydney City Council approved it.
EDL’s focus is to provide reliable, clean and renewable energy in addition to helping with socio-economic development by implementing sustainable strategies. EDL has expressed pride in creating a positive impact across its clients’ community life through years of providing consistent power supply during windy weather thus protecting lives and the environment (Brinkley, 2013).
The company focuses primarily on developing winning new project opportunities and their growing portfolio of existing projects. EDL provides renewable energy through wind, solar, biomass and biogas systems to customers ranging from small local operators to the Sydney Power network. Other services include a national managed systems program which extends advice on system design in consultation with our multiple subcontractors Enertech Systems Limited (ESL).
EDL is an engaging company that when working closely with its clients aids lessening any obstacles to a successful project. EDL is becoming more aware of their prospective clients’ needs and has developed an app to assist with this development which they use extensively within China where it can be viewed on both smart phones as well as laptops. The current wave of renewable energy projects are coming into operation at a fast rate; however, investment in renewable energy is still low especially compared to other sectors due significantly to long time waiting periods for government approval (Brink ley, 2013).
Ensuring investments are made in renewable energy systems that result in value creation and delivering enhanced efficiency such as EDL is providing whilst retaining capital stability. EDL utilizes PPPs or “Power Purchase Agreements” on a regular basis due to the nature of its business . Having tied up the first of its series of wind farm projects in June 2013, EDL has ambition to finish sending out information throughout August and by October it is estimated that over 70% will be entering into PPPs. The business ventures they provide deliver a long term stable income stream through financial security and energy supply volumes are too large for renewable energy companies.
EDL is Australia’s biggest coal seam gas producer, and it is also a pretty big player in the global LNG market. EDL recently formed a new joint venture with oil and gas giant ExxonMobil, which aims to increase gas production from the Surat and Bowen Basins. EDL’s current production capacity is around 16 billion cubic meters of gas per year; however, the company plans to increase this to 30 billion cubic meters by 2018.
EDL owns ‘Exploration & Production’ licensees in the Cooper/Eromanga Basin, Queensland. The company won development licenses in December 2009 covering 100,000 sq km. They’ve been pretty quiet since then, but should have started exploration some time in 2010.