Partly cloudy
26 °C
Germantown, Maryland
Partly cloudy

17:00-18:00 Sat May 26 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. 25.05.2018
    25.05.2018
    by      In
    Available now from Hi-Tech Metrology, the Global S is the first in a new series of coordinate measuring machines from Hexagon Manufacturing Intelligence dubbed the Enhanced Productivity Series (EPS). The Global S is billed as the ideal solution for companies wanting higher productivity in... Read More
  2. 23.05.2018
    23.05.2018
    by      In
    Energy efficiency is a word pairing that hardly anyone has missed during the last decade of public discussion. It’s been on the agenda for so long already that you might even think the topic is exhausted. So, is there anything new to the theme, asks Axel Savolainen of Control Logic.
    Let’s take... Read More
  3. 22.05.2018
    22.05.2018
    by      In
    Euchner has combined two of its key safety products to create a compact and enhanced protection module for guarding applications.
    The Euchner CTP transponder-coded safety switch is now available mounted on a sturdy lock plate, combined with a Euchner MGB (multifunctional gate box) handle module to... Read More
  4. 22.05.2018
    22.05.2018
    by      In
    RS Components is now supplying an award-winning IoT-based system from Abus said to deliver superior access-control management for small- to medium-sized commercial and industrial buildings.
    The Abus wAppLoxx can manage access to as many as 20 doors in a building or facility. The easy-to-use web-... Read More