AGL has signed new power purchase agreements (PPA) with nbn and CSL, which will see the company sell approximately 1300GWh of electricity in total over the course of the contracts.
Under the nbn agreement, nbn is purchasing the equivalent of around 90GWh of renewable energy per year for six years to be supplied to the grid and the associated renewable energy certificates generated by Macarthur Wind Farm.
Under its PPA, global biotechnology company CSL will purchase renewable energy certificates from AGL to match 100 per cent of its electricity consumption, with certificates initially expected to be generated from the Macarthur Wind Farm. Each renewable energy certificate represents a quantity of renewable energy generated by an eligible power station under the renewable energy certificate scheme.
AGL Chief Operating Officer, Markus Brokhof, said this is another example of how AGL can help Australian businesses in their transition journey.
“We continue to work with our customers and partners to support them as they transition their businesses. The nbn contract also supports the ongoing operation of the Macarthur Wind Farm,” Mr Brokhof said.
Macarthur Wind Farm is located 16km east of Macarthur, between Hamilton and Warrnambool in south western Victoria. It consists of 140 wind turbines with a capacity of 420MW. On average, over the last ten years the wind farm generated over 910,000MWh of renewable energy annually, enough to power approximately 171,000 average Australian households each year.
Macarthur Wind Farm is operated and maintained by AGL, and AGL retains the rights to all renewable energy certificates and electricity output from the wind farm until 2038.
AGL Chief Customer Officer, Jo Egan, highlighted the benefits of renewable-linked PPA products that AGL can provide to customers.
“Renewable-linked PPAs like the CSL deal can assist our customers in their energy transition journey while also helping to support the ongoing operation of our renewable energy assets. We are pleased to partner with CSL on this important product for its business,” Ms Egan said.
Featured image: Macarthur Wind Farm. Image credit: AGL.