Cloudy
6 °C
Germantown, Maryland
Cloudy

Tue Nov 13 2018
none

CORPORATE POWER PURCHASE DEAL PROMISES LOW-COST ENERGY

07-09-2017
by 
in 
Arrarat wind farm

Flow Power has tied up Australia’s first large-scale renewable corporate power purchase agreement (PPA) with Australia’s third largest wind farm, Ararat Wind Farm. In what is described as a landmark deal, the electricity retailer will now be able to offer large energy users in Australia access to power at around half the current market rates.

Renewable corporate PPAs are expected to contribute to meeting the renewable energy target of a 25% reduction in emissions by 2020. However, they also make economic sense by providing Australian businesses with direct access to secure low-cost energy supplies and potential savings running into hundreds of thousands of dollars in energy costs.

According to Flow Power founder Matthew van der Linden: “The power market is changing, and this agreement with Ararat Wind Farm marks a line in the sand for the energy sector in Australia. Renewable corporate PPAs are the key to keeping business power costs down, and our aim is to be able to offer these savings to all large energy users across the country.”

“Corporate PPAs have proven successful internationally over the past decade, and we are proud to bring the model to Australia in partnership with Ararat Wind Farm. We are actively working with customers to get agreements signed in the coming months,” he added.

Stuart Liddell, General Manager of Ararat Wind Farm said: “As the third largest wind farm in Australia, Ararat Wind Farm continues to play a major role in producing carbon-free electricity. Ararat Wind Farm is pleased to announce this PPA with Flow Power that will directly benefit the local and regional economy by helping businesses keep costs down while procuring secure, reliable and green power”.

Flow Power
1300 08 06 08
flowpower.com.au

Related news & editorials

  1. 14.11.2018
    14.11.2018
    by      In
    Igus has developed a filament made from high-performance iglidur J350, a tribo-polymer that is lubrication-free, wear-resistant and maintenance-free, with high heat resistance, dimensional stability at temperatures up to 180°C and a very low coefficient of friction on steel.
    High-temperatures and... Read More
  2. 14.11.2018
    14.11.2018
    by      In
    RS Components has launched a major expansion of its portfolio of pneumatic components with the release of a full range of very competitively priced RS Pro devices.
    RS has offered a wide range of RS Pro tubing and hose products for many years, but the new launch represents a significant pneumatic... Read More
  3. 13.11.2018
    13.11.2018
    by      In
    Available from Treotham, Mosaic is a novel hub capable of managing all the safety functions of a machine or plant. The modular controller is configurable, scalable and can be expanded with minimal wiring.
    The new Mosaic M1S features an improved microcontroller and offers enhanced features compared... Read More
  4. 07.11.2018
    07.11.2018
    by      In
    Balluff has come up with a simple and practical solution for connecting RS232 serial devices directly to IO-Link. The company’s new IO-Link convertor for RS232 devices allows the connection of serial devices such as barcode scanners, printers or RS232 controllers directly to an IO-Link terminal.... Read More