PPA

Greece-based industrial conglomerate Mytilineos continues to notch up renewable energy milestones in the Australian market with construction commencing on the 75 MW Wyalong Solar Farm in the New South Wales Riverina region.

There is enormous demand for renewables to enter the grid, and for power purchase agreements to make use of them. However, as more renewables feed into the grid at intermittent periods, the risk of “revenue cannibalisation” increases. Swiss consultancy Pexapark’s latest report looks at the “cannibalisation effect” and how the solar PPA market can adapt.

Western Australia’s City of Stirling has fast tracked its investment in an estimated $6 million solar PV program in a bid to maximise potential savings and reach its goal of sourcing 100% of the city’s electricity needs from renewables by 2030.

One of Australia’s largest regional cities has signed a long-term power purchase agreement with Victorian network operator AusNet Services’ independent subsidiary Mondo Power as part of plans to install solar PV arrays on 90% of city-owned buildings in less than four years.

Two new solar farms in regional New South Wales are now delivering clean energy to the National Electricity Market with e-commerce giant Amazon announcing its first Australian utility-scale renewable energy investments and are now operational.

Retail giants Kmart, Bunnings, Target and Officeworks have signed a long-term power purchase agreement with Queensland government-owned generator CleanCo to provide the retailers with 100% renewable electricity at their sites across the state.

A cohort of 25 New South Wales councils has signed a renewable energy supply deal worth an estimated $180 million that will see the local government associations supplied with electricity sourced from three of the state’s large-scale solar farms.

A group of New South Wales local councils have banded together to secure a power procurement agreement with solar-focused electricity retailer Mojo Power that they say will allow them to satisfy the electricity demands of their major infrastructure with 100% renewable energy while providing a path for participants to reduce their overall emissions.

The much-delayed Sunraysia Solar Farm is seemingly a step closer to commencing production – more than 24 months behind schedule – with Australian engineering firm Decmil Group confirming the PV project has been given the green light following the successful completion of the required hold point testing.

The world’s largest coal port is now powered by 100% renewable energy after the Port of Newcastle confirmed it had inked a deal with the Australian arm of Spanish energy group Iberdrola which will see the port’s entire operational needs powered by renewable generation.