October 11 (Renewables Now) - Australian energy retailer Flow Power will be buying 50 MW of the output of the 270-MW Sapphire wind project in the state of New South Wales, it was announced on Wednesday.
The power purchase agreement (PPA) complements an off-take deal for 100 MW of the proposed wind farm’s generation with the Australian Capital Territory, won in an auction. The rest of the plant’s output will be sold on a merchant basis, as announced previously.
The 270-MW wind park is currently being built in the New England region of New South Wales by CWP Renewables and Partners Group with hardware supplied by Denmark’s Vestas Wind Systems A/S (CPH:VWS). Once completed later this year, the facility will be the largest wind farm in New South Wales.
The Sapphire wind project is backed by Australia's Clean Energy Finance Corporation (CEFC), Commonwealth Bank of Australia (ASX:CBA), Sumitomo Mitsui Banking Corp and Danish export credit agency Eksport Kredit Fonden (EKF). This summer, CWP secured planning approval to add around 200 MW solar and storage power capacity to the wind farm.