Renewable energy producer Neoen will deliver 40MW of energy to electricity provider Flow Power in a ten year power purchase agreement between the two companies.
Under the ten-year agreement, Flow Power will purchase close to 10 per cent of the generation capacity of the Goyder South Stage 1 wind farm currently being constructed at Neoen’s Goyder Renewable Zone in South Australia.
This will enable Flow Power to provide South Australian commercial and industrial electricity users with access to affordable local clean energy following completion of the project in 2024.
Neoen Australia’s Managing Director, Louis de Sambucy, said the agreement would enable Flow Power to continue delivering competitive renewable energy to Australian households.
“We are delighted to sign our first PPA with Flow Power, who deliver competitively priced renewable energy and emissions reductions to a wide range of Australian businesses,” Mr de Sambucy said.
“Goyder South is not only an extremely competitive project: it also unlocks exceptional regional economic and local community outcomes.”
Flow Power CEO, Matthew van der Linden, said his company was proud to support the project.
“Flow Power is proud to be supporting Neoen’s Goyder South Stage 1 project with our long-term PPA commitment,” Mr van der Linden said.
“This PPA represents a significant contribution to Flow Power’s renewable energy portfolio and will enable us to continue providing Australian energy users access to leading clean energy projects.
“We would like to congratulate the Neoen team for their excellence throughout the PPA process as well as for the significant community benefits they are delivering as part of the project.”
This is the second offtake agreement secured for Goyder South Stage 1, complementing the 14-year contract for 100MW with the Australian Capital Territory (ACT) Government, which was announced in September 2020.
Goyder Renewables Zone leverages the exceptional wind and solar renewable resources of the area and will deliver a significant economic boost to the region.
Goyder South Stage 1 promises over 400 construction jobs and 12 full time permanent positions, and will share substantial ongoing economic benefits with the local community and Traditional Owners, the Ngadjuri.