Published 11-06-2019
| Article appears in June 2019 Issue

SAVINGS FROM POWER PURCHASE AGREEMENTS ARE GROWING

06-06-2019

Businesses signed onto Flow Power’s Corporate Renewable Power Purchase Agreements (PPAs) have collectively saved $15.4 million since their contracts began at the start of 2018. The savings are still growing, and as more businesses sign up, the benefits will only increase.

PPAs help integrate renewables into the grid and drive renewable investment in the Australian energy market. These deals see businesses contract a portion of their consumption from large-scale wind and solar generators and provide low-cost power over the long term.

One of these is Ascham School in Sydney’s eastern suburbs, which is the first school in NSW to enter into a PPA and has made the ambitious commitment to being 90 per cent powered by renewables.

“Our growing focus on sustainability as part of our strategic plan, spurred us on to look at alternative options and sources of energy,” says Ascham School Business Manager Candice Heapes. “At Ascham, the whole school is committed to sustainable actions, so drawing energy from wind and solar farms is a terrific step in greening our future.”

Demand for PPAs is increasing and more businesses are choosing to reserve renewable power for the future. With 50MW more renewable energy committed since March, only 42 per cent of Flow Power’s wind and solar offering is left.

There’s good news for smaller businesses too: Flow Power is making its renewables deals available to them. Its analysis highlights the significant opportunity for businesses of all sizes to drive down energy expenditure while benefiting from these contracts.

Flow Power
1300 08 06 08
flowpower.com.au

TO LEARN MORE, CONTACT

RELATED NEWS

  1. CeMAT Australia, the global trade fair for materials handling, warehousing, intralogistics and supply chain is back for the first time in-person since 2018.
    The event is scheduled for 19-21 July at Melbourne Convention and Exhibition Centre abd CeMat Australia is welcoming all Industry Update...
  2. Home grown manufacturers are being encouraged to nominate for the Victorian Manufacturing Hall of Fame Awards.Minister for Industry Support and Recovery Martin Pakula recently opened nominations with this year marking the return of the Awards for the first time since 2019 and also the 20th...
  3. Australia’s medical goods supply chains would be strengthened through the creation of a new $1.5 billion fund by an incoming Labor government, designed to avoid a repeat of COVID-19 shortages. It would  design new federal government purchasing strategies to boost domestic medical manufacturing...