August 19 (Renewables Now) - The Australian arm of global industrial products maker Molycop today announced an off-take deal with energy retailer Flow Power that will see it source more than 50% of its electricity in New South Wales from wind and solar.
Under the power purchase agreement (PPA) that the company says will make it one of the largest purchasers of renewable energy in Australia, Molycop will buy 100,000 MWh of electricity per year from the 100-MW Bomen solar park and the 270-MW Sapphire wind farm. The contract will run until end-December 2030.
The Bomen solar park, currently being built near Wagga Wagga, is expected to be fully operational in the second quarter of 2020. Developed by Renew Estate, the project was in April acquired by Australian utility investor Spark Infrastructure Group (ASX:SKI). The Sapphire wind park, meanwhile, is owned by CWP Renewables and Partners Group and has been producing power since November 2018.
Commenting on the deal, Molycop Australia’s president Michael Parker, said: “From a sustainability standpoint, Molycop is not only supporting two important renewable energy projects, but we are further enhancing our credentials as a responsible and sustainable organisation.”