Author: Veselina Petrova
Electricity retailer Flow Power this week said it has signed a power purchase agreement (PPA) for a portion of the 240-MW Ararat wind park in the Australian state of Victoria.
According to the company, this is the first renewable corporate PPA in the country, enabling Australian businesses to “tap into a global trend that will bring costs down and benefit both the environment and the economy”. PPAs offer large energy users direct access to secure, low-cost energy supply at lower rates, Flow Power said.
The Ararat wind farm has been developed by RES Australia and will be operated and managed by Windlab. It is owned by a consortium of Renewable Energy Systems Ltd (RES), General Electric Co (NYSE:GE), Partners Group Holding AG (SWX:PGHN) on behalf of its clients, and OPTrust.
The plant became operational in April and is selling 40% of its electricity to the Australian Capital Territory (ACT) under a PPA awarded as part of the ACT’s first wind auction in 2015.