February 19 (Renewables Now) – Viva Energy Group Limited has signed a power purchase agreement (PPA) with Spain’s Acciona SA (BME:ANA) for the output of the 132-MW Mount Gellibrand wind farm, the Australian fuel refiner said Wednesday.
With the PPA, Viva Energy secured pricing for about 100 GWh of electricity per year, covering around one-third of the annual needs of its Geelong Refinery.
The PPA is effective as of January 2019, Viva Energy said without providing details regarding the duration of the agreement.
The Mt Gellibrand wind farm is located near the city of Geelong in the Australian state of Victoria where Viva Energy’s refinery is among the largest electricity users, according to the company’s own admission.
“Over the last few years the cost of electricity supply in Victoria has more than doubled and has become increasingly subject to pricing spikes due to weather and reliability events causing disruptions to generation and supply”, Viva Energy CEO Scott Wyatt said.
The Spanish infrastructure group started building the AUD-258-million (USD 183.5m/EUR 162.2m) wind park in April 2017. Germany’s Nordex (ETR:NDX1) supplied 44 turbines, two of which generated first power in June 2018.
(AUD 1.0 = USD 0.71/EUR 0.63)