On Thursday 11 October at the 2018 AFR Business Summit in Sydney Flow Power announced that we have agreed to terms to contract 50MW of the output and associated Large Scale Generation Certificates from Sapphire Wind Farm’s proposed 270MW project. This landmark agreement will see Flow Power grow its New South Wales presence and add a third wind offering to its portfolio.
Sapphire Wind Farm is owned by Grassroots Renewable Energy, a joint venture of CWP Renewables and Partners Group. Sapphire was developed by CWP Renewables is currently under construction and due for completion this year. It is located in the New England region of northern NSW. It has two neighbouring wind farms, White Rock and Glen Innes, and as the largest wind farm in New South Wales will help the ACT Government meet its target of 100% renewables by 2020.
Flow Power now has three wind offerings in three respective states – Ararat in Victoria, Australia’s third largest wind farm, Lakeland in Queensland, and now Sapphire in New South Wales. The deal builds even more momentum for Flow Power’s Corporate Renewable Power Purchase Agreements (PPAs), which they first introduced to the Australian market in 2017. Recent Flow Power research shows that if 670 medium and large-scale businesses across Australia made the decision to contract renewable energy through corporate renewable PPA, this would drive
investment in more than 1845 MW of renewable generation.
Sapphire Wind Farm will join Lakeland Wind Farm, Ararat Wind Farm and Kiamal Solar Farm in Flow Power’s evolving renewable generation portfolio, the latest phase in its ambitious plans for national growth since the announcement of its change in ownership. In February 2018, Canadian pension trust OPTrust took an ownership stake as part of Flow Power’s strategy to expand its offering for corporate clients, which include Olam Orchards, ANCA Machines and Select Harvests.
Matthew van der Linden, Managing Director of Flow Power, comments: “We’re proud to reach agreement with Sapphire Wind Farm, and continue to build Australia’s growing pipeline of renewable energy projects. This week we also opened a Sydney office to grow our footprint in NSW. We are committed to bringing the benefits of corporate renewable PPAs across Australia, and to reach New South Wales is a milestone for us”.
He continues: “With four successful agreements under our belt, we are well positioned to support the integration of renewable generation and gradually reshape the Australian power market. We are starting to see businesses save on what can be their most costly expenditure – energy – while everyday Australians benefit from greater investment in renewable generation and lower energy costs delivered by wholesale demand response”.
About Sapphire Wind Farm
Sapphire Wind Farm is currently under construction. When complete, this large-scale renewable energy project will provide enough clean energy to power around 115,000 homes and displace 700,000 tonnes of carbon dioxide each year. It also brings many economic benefits to NSW’s New England region, including over 150 new jobs, as well as to the ACT capital region. As the largest wind farm in New South Wales, Sapphire Wind Farm will help the ACT Government meet its target of 100% renewables by 2020, with construction due for completion in 2018.
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