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.
Country updates
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September 03, 2019
Acciona commissioned for East Rockingham energy-from-waste facility construction
The consortium developers of the East Rockingham Resource Recovery Facility has commissioned ACCIONA to deliver the Engineering, Procurement, and Construction (EPC) contract for the dev...
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September 02, 2019
Partners Group invests in 244 MW Bango wind farm in Australia
Partners Group has, on behalf of its clients, invested in Bango Wind Farm, a 244 MW construction-ready project in the state of New South Wales, Australia, with a total project value of AUD500 million...
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August 29, 2019
ib vogt commences EPC works for 109 MWp Sebastopol Solar Farm in Australia
ib vogt GmbH, a global developer and EPC contractor of utility scale solar projects has announced that it has executed a grid connection agreement with Essential Energy for its 109 MWp Sebastopol Sola...
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August 29, 2019
NSW declares Project EnergyConnect (PEC) as Critical State Significant Infrastructure (CSSI)
New South Wales Government has declared TransGrid's Project EnergyConnect (PEC) as Critical State Significant Infrastructure (CSSI). The proposed interconnector will run approximately 900km...
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August 22, 2019
Acquisition of 550 MW Hydro and Solar projects in Australia
UPC\AC Renewables Australia, the partnership between AC Energy, the subsidiary of Philippines´ Ayala Corp. and UPC Renewables of Australia, is acquiring a 51-percent interest in a 250 MW Baroota...
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