Zenith Energy wins Independent Power Producer award

Hand holding trophy with buildings in background (quinbrook)
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Zenith Energy has clinched two major titles at this year’s 2023 Asian Power Awards, taking out Independent Power Producer (IPP) of the Year Australia and ESG Programme of the Year Australia.

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The awards noted Zenith Energy now leads Australia’s IPP sector following a strong 2023 performance, and in its decarbonisation and broader ESG program.

Zenith’s unique sustainability credentials, in-house capability and proven bankability have delivered a doubling of its contracted generation assets since FY21 from 316MW to 695MW today, with growth continuing to accelerate in the foreseeable future.

Zenith has contracted and is constructing most of Australia’s off-grid high-penetration renewable power stations to become the leader in the IPP sector in Australia by installed capacity. It is also the sole owner and operator of all three green-titled microgrids connected to Western Australia’s South West Interconnected System (SWIS).

Highlights of Zenith’s 2023 performance were its major contribution to the decarbonisation of Australia’s remote off-grid mining for critical minerals and precious metals, and its SWIS-connected microgrids for land developments in Western Australia.

Zenith Energy managing director Hamish Moffat said, “Zenith achieved significant milestones in 2023 including exceeding three million loss time injury-free hours; sector- leading engagement with First Nations communities; market share leadership; material EBITDA, and enterprise value growth; and delivering decarbonisation milestones ahead of schedule.

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The Asian Power Awards, now in its 19th year, celebrates and honours companies and projects that have taken innovative and game-changing steps to address the effects of the climate crisis and meet the growing demand for energy.

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