March 10 (Renewables Now) - Infigen Energy (ASX:IFN) has agreed to buy 60% of the output of Ratch Australia’s 227-MW Collector wind farm being built in New South Wales.
The companies have signed a power purchase agreement (PPA) for the electricity generated by a 136-MW portion of the wind park, or around 300 GWh of electricity each year, Infigen said on Monday. Large-scale generation certificates (LGCs) are also included.
Power deliveries under the contract will start as soon as the power plant begins generation, which is planned to happen in late 2020, and continue until December 31, 2030. The wind park in the Southern Tablelands will be fully commissioned at the start of next year.
Infigen, which was initially a wind farm developer but later expanded into the power retail sector, said the contract is in line with its strategy to grow its electricity retail services for commercial and industrial customers. It added it has set a goal to source between 600 MW and 700 MW of additional renewables capacity and sell 70%-80% of the expanded electricity volume through firm supply contracts.
Infigen previously agreed to buy the output of Ratch Australia’s 21-MW Toora wind farm in Victoria. This contract will expire on December 31, 2022.