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Telstra-led group signs 226-MW wind PPA in Australia

Australian wind farm. Author: Steven Caddy. License: Creative Commons, Attribution 2.0 Generic

December 21 (Renewables Now) - A group led by Australian telecommunications major Telstra Corporation Ltd (ASX:TLS) has agreed to purchase the output of the first phase of the 429-MW Murra Warra wind project near Horsham in western Victoria.

Telstra, ANZ, Coca-Cola Amatil and the University of Melbourne have entered into long-term power purchase agreements (PPAs) tied to the 226-MW, Phase I wind park. The deals pave the way for the project developers, namely UK-based RES Group and Macquarie Capital, to commence construction work. This should happen next year, an official announcement says.

Telstra said that this is its second such contract, following the agreement reached with RES Australia for the 70-MW Emerald solar power plant in Queensland. The company will provide ongoing energy market services to the other group members as part of the transaction, it added.

The 226-MW wind park is expected to enter into service by mid-2019.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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