Renewable energy producer Neoen has signed a power purchase agreement (PPA) with electricity retailer Flow Power for 40MW of energy from its Goyder South Stage 1 wind farm in South Australia.
Goyder South Stage 1 is the first stage of Neoen’s flagship project known as Goyder Renewables Zone, a hybrid wind, solar and storage project located near Burra in the state’s mid-north region.
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Goyder South has development approval for a total of 1.2GW of wind generation, 600MW of solar generation and 900MW of battery storage capacity, making it the state’s largest renewable project. Construction of Stage 1, comprising 75 wind turbines with a total capacity of 412MW, is currently underway with operations expected to commence in 2024.
Under the 10-year agreement, Flow Power will purchase close to 10 per cent of the generation capacity of the Goyder South Stage 1 wind farm. This PPA will enable Flow Power to provide South Australian commercial and industrial electricity users with access to affordable local clean energy.
This is the second offtake agreement secured for Goyder South Stage 1, complementing the 14-year contract for 100MW with the Australian Capital Territory (ACT) Government which was announced in September 2020.
Goyder Renewables Zone leverages the exceptional wind and solar renewable resources of the area and will deliver a significant economic boost to the region. Goyder South Stage 1 is creating over 400 construction jobs and 12 full time permanent positions, and will share substantial ongoing economic benefits with the local community and Traditional Owners, the Ngadjuri.
Neoen Australia managing director Louis de Sambucy said, “We are delighted to sign our first PPA with Flow Power, who deliver competitively priced renewable energy and emissions reductions to a wide range of Australian businesses. Goyder South is not only an extremely competitive project: it also unlocks exceptional regional economic and local community outcomes.”
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Flow Power CEO Matthew van der Linden said, “Flow Power is proud to be supporting Neoen’s Goyder South Stage 1 project with our long-term PPA commitment. This PPA represents a significant contribution to Flow Power’s renewable energy portfolio and will enable us to continue providing Australian energy users access to leading clean energy projects. We would like to congratulate the Neoen team for their excellence throughout the PPA process as well as for the significant community benefits they are delivering as part of the project.”