Australian company – Origin signs seven PPAs in Oz – EQ Mag Pro
Australian energy company supplying green power from the Stockyard Hill wind farm in Victoria
Australian company Origin Energy is to supply renewable electricity to seven clients under long-term power purchase agreements (PPAs) in the states of New South Wales and Victoria.
The deals are with Melbourne Airport, Ausgrid, Nexus Hospitals, Southern Cross Station, NSW Ports, Transurban’s CityLink Sydney and Westlink M7.
Origin’s newly established Origin Zero business unit executed the agreements, which will deliver a total of 132 gigawatt-hours of electricity a year.
All customers will be supplied with renewable energy from the Stockyard Hill wind farm (pictured) west of Ballarat in Victoria, the full output of which is contracted to Origin, with firming provided by Origin’s broader portfolio.
The PPAs were facilitated through IFM Investors, QIC and Renewable Energy Hub, and delivered Renewable Energy Hub’s proprietary Core Markets software platform.
Origin Zero was established in late 2021 to accelerate the delivery of cleaner energy products and services to large business customers, to help them achieve their climate change commitments.
Origin executive general manager energy supply and operations Greg Jarvis said: “Origin’s strategy is to lead Australia’s energy transition to net zero emissions, by reducing our own emissions and providing the products and services that can assist customers with their transition to a low-carbon future.
“Our agreements with seven large customers spanning airports, ports, energy infrastructure, roads and hospitals, demonstrate this strategy in action, with Origin increasingly being called upon to provide renewable energy supply, which can help support the decarbonisation of their businesses.
“In particular, we are pleased to be enabling these customers to source clean energy with direct line of sight to certain renewable assets.
“We welcome the opportunity to work in partnership with IFM investors, QIC and Renewable Energy Hub, to execute these significant renewable agreements.”
Source: renews
