ASX/Media Release

29 August 2002

Australia's largest city solar project contract awarded

Joint Venture partners BP Solar and Origin Energy were today awarded the supply and install contract for Australia's largest city solar power project.

Melbourne City Council has awarded the contract to cover one third of the north facing roof-space of the Queen Victoria Market with approximately 1,300 Solar Photovoltaic (PV) panels.

The emissions-neutral energy from the solar panels is expected to reduce Queen Victoria Market power needs by up to 40 per cent each year.

The 190kW system is expected to generate 250-megawatt hours of electricity per annum; enough to power 50 homes. The system is expected to dramatically reduce the City Council's greenhouse gas emissions by more than 250 tonnes per year.

Origin Energy is providing the Council with a competitive buy-back plan for excess energy generated by the panels and energy efficiency audits significantly improving the economics of the project for the Council. The PV solar panels will generate power for at least the next 30 years.

Andrew Stock, Executive General Manager, Generation at Origin Energy said the leadership shown by the Melbourne City Council on this solar project provided a great example to businesses and communities around Australia of how solar power can provide sustainable energy for cities in the future. And people can install solar power for their own homes too. At the household level, Origin Energy now leads the market in Victorian solar PV installations. Today’s announcement demonstrates our commitment to invest in and promote clean energy," he said.

Daniel Brunelli-Brondex, Regional Sales Vice-President BP Solar, said, "This project is a perfect example of how PV technology can effectively contribute to substantial reduction in greenhouse gas emissions right in the heart of the city where energy is used. BP Solar is particularly proud to provide technology and products developed and manufactured in Australia".

The installation of the 1,300 PV Solar panels will begin in October 2002 and is due for completion by early March 2003. No construction will take place between December and January, which is the peak trading period for the Queen Victoria Market.

Ends

For further information contact:

Andrew Stock
Executive General Manager, Generation
Origin Energy
Tel: 08 8217 5818
Mobile: 0417 876 470
andrew.stock@originenergy.com.au

Anthony Stocken
Business Development Manager,
Utilities and Buildings
BP Solar Pty Ltd
Tel: 02 8762 5777
stockeac@az1.bp.com

About Origin Energy: Origin is the largest energy retailer in Victoria and the largest installer of grid-connected solar systems in the Victorian market. It is the first energy retailer to win preferred partner status with three leading property development companies; Australand Homes, Henley and Metricon to bring the first packaged solar offer to the mass-market. Origin Energy has significant investments in solar energy research & development projects with ANU and Monash University. With a history dating back 140 years, Origin Energy is a leading Australian energy provider and participant in most segments of the energy supply chain including natural gas and oil exploration and production; power generation; energy retailing and trading; and asset management services. Origin Energy supplies energy to more than two million homes and businesses.

About BP Solar: The BP Solar Group is at the forefront of the international solar electric industry, producing approximately 70 megawatts of solar products in 2002, 20 megawatts of from the Australian operation, located in Homebush Bay, NSW. BP Solar with its extensive network of sales & marketing offices and distribution in the Asia Pacific provide total solar electric power solutions for remote industrial, urban commercial, residential and utility customers throughout the world. Major recent projects include multi million dollar contracts for rural electrification in Indonesia and the Philippines, and the supply of solar systems to the Atlanta Olympics in 1996 and the green games in Sydney, Australia 2000 Olympics (Athlete’s Village and Olympic Boulevard – under 1MWp total).