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.
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