Partly cloudy
22 °C
Germantown, Maryland
Partly cloudy

Sun Jun 16 2019
none

SAVINGS FROM POWER PURCHASE AGREEMENTS ARE GROWING

06-06-2019
by 
in 

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

Related news & editorials

  1. 14.06.2019
    14.06.2019
    by      In
    Dr Jane Oppenheim, the Scientific and Operations Director of Ego Pharmaceuticals, has been presented the Clunies Ross Entrepreneur of the Year Award by the Australian Academy of Technology and Engineering, in recognition of her leadership and innovation.
    Oppenheim leads the research and development... Read More
  2. 14.06.2019
    14.06.2019
    by      In
    Cloud computing uses a network of remote servers hosted on the Internet to process and store data, rather than a personal computer or local server. Clouds may be limited to a single organisation (private or enterprise clouds), available to many organisations (public clouds) or a combination of both... Read More
  3. 13.06.2019
    13.06.2019
    by      In
    At a ceremony in Melbourne on 30th May, Standards Australia announced the winners of its 2019 Standards Awards, which recognise and reward members of the Australian standards development community who make a positive impact in Australia and internationally.
    The individuals and group honoured have... Read More
  4. 13.06.2019
    13.06.2019
    by      In
    Since 1978, Hallett Concrete has become Adelaide’s leading independent supplier servicing the domestic, commercial and industrial markets, specialising in supply to the technically demanding pre-cast market, for which South Australia is highly regarded.
    With six fixed concrete plants, two self-... Read More