CWP, Snowy Hydro ink 200-MW deal for wind offtake in Australia
Wind farm. Image by CWP Global.
Australian power producer and retailer Snowy Hydro Ltd has agreed to procure almost 50% of the output of compatriot CWP Renewables’ 414-MW Uungula wind farm project in New South Wales.
The deal calls for Snowy Hydro to procure electricity from 200 MW of the future plant’s capacity and get renewable energy certificates for a 15-year term, the federal government-owned power retailer said on Monday.
Power deliveries are scheduled to begin in 2026.
Planned to be installed near Wellington, the Uungula wind farm is expected to be capable of generating electricity for more than 200,000 homes annually. The project already has development approval in place and is planned to enter construction later this year.
The power purchase agreement (PPA) will lift Snowy Hydro’s annual renewable power purchases to 4.1 TWh. The company has already agreed to procure electricity from another wind farm owned by CWP Renewables – the 244-MW Bango complex in New South Wales, set to go online in late 2022.
At present, CWP Renewables operates and owns 650 MW of renewable power plants in the National Electricity Market and has another 5 GW of wind, storage and firming projects in its near-medium term development portfolio.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.