AGL and biotechnology company CSL have signed a seven-year renewable-linked power purchase agreement (PPA), under which AGL will sell all electricity consumed by CSL’s Victorian operations, expected to be around 114GWh of energy per year.
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Under this PPA, global biotechnology company CSL will purchase renewable energy certificates from AGL to match 100% of its electricity consumption, with certificates initially expected to be generated from the Macarthur Wind Farm in Victoria. Each renewable energy certificate represents a quantity of renewable energy generated by an eligible power station under the renewable energy certificate scheme.
AGL chief customer officer Jo Egan said, “Renewable-linked PPAs like this one can assist our customers in their energy transition journey while also helping to support the ongoing operation of our renewable energy assets. We are pleased to partner with CSL on this important product for its business.”
Macarthur Wind Farm is located 16km east of Macarthur, between Hamilton and Warrnambool in south-western Victoria. It consists of 140 wind turbines with a capacity of 420MW. On average over the last 10 years the wind farm generated over 910,000MWh of renewable energy annually, enough to power approximately 171,000 average Australian households each year.
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AGL’s retail renewable-linked PPA is a product under which it sells electricity to large retail customers and renewable energy certificates to match all or a proportion of that consumption sourced from a renewable generator within AGL’s portfolio.
