Flow Power has inked a deal to contract 50MW of the output of the 270MW Sapphire Wind Farm and its associated Large-Scale Generation Certificates.
The Sapphire Wind Farm, owned by CWP Renewables and Partners Group, is currently under construction and due for completion this year.
Located in the New England region of northern NSW, the project is the largest in the state and bring Flow Power’s wind offerings to three.
The deal builds even more momentum for Flow Power’s Corporate Renewable Power Purchase Agreements (PPAs), which they first introduced to the Australian market in 2017.
“We’re proud to reach agreement with Sapphire Wind Farm, and continue to build Australia’s growing pipeline of renewable energy projects,” Flow Power managing director Matthew van der Linden said.
“We are committed to bringing the benefits of corporate renewable PPAs across Australia, and to reach New South Wales is a milestone for us.
“With four successful agreements under our belt, we are well positioned to support the integration of renewable generation and gradually reshape the Australian power market.
“We are starting to see businesses save on what can be their most costly expenditure – energy – while everyday Australians benefit from greater investment in renewable generation and lower energy costs delivered by wholesale demand response.”
Recent Flow Power research shows if 670 medium and large-scale businesses across Australia made the decision to contract renewable energy through corporate renewable PPA, this would drive investment in more than 1845MW of renewable generation.
In February 2018, Canadian pension trust OPTrust took an ownership stake as part of Flow Power’s strategy to expand its offering for corporate clients, which include Olam Orchards, ANCA Machines and Select Harvests.