Molycop to offtake power from Bomen Solar Farm and the Sapphire Wind Farm in Australia

Molycop, incorporating Comsteel, has announced the signing of a long-term Power Purchase Agreement (PPA) with energy retailer, Flow Power.

This agreement runs until 31 December 2030 and is backed by offtake agreements with the Bomen Solar Farm and the Sapphire Wind Farm, both located in regional NSW.

The Bomen Solar Farm is currently under construction and is expected to be fully operational in the 2nd quarter 2020 while the Sapphire Wind Farm has been in full operation since November 2018.

Under the PPA, Molycop’s expected offtake of renewable energy is 100,000 MWh per year which covers more than half of its electricity consumption in NSW. This will make Molycop one of the largest purchasers of renewable energy in Australia.