ACEN Australia, a subsidiary of ACEN, signed a Power Purchase Agreement (PPA) with SmartestEnergy that would enable the latter firm to acquire renewable electricity from Stage 1 of ACEN Australia’s New England Solar project in New South Wales.
Under the eight-year agreement, SmartestEnergy would receive a capacity equal to 25% of the 400 megawatts (MW) Stage 1 project’s production.
“We have a bold strategy to help Australia transition to a clean energy future, and we are excited by this first offtake with SmartestEnergy, enabling us to bring more renewable energy projects to life and clean electricity for Australian homes and businesses,” said ACEN Australia Managing Director David Pollington.
This PPA enabled the firm to reduce sourcing out its electricity at a higher emissions intensity.
Pollington added that this was another milestone for the company as it served as a primary contributor to the National Electricity Market (NEM).
New England Solar, the ACEN Australia’s inaugural operational project, launched its initial stage, generating 400 MW. At peak performance, the project produces about 720 MW, marking it as Australia’s largest solar initiative contributing to the National Electricity Market (NEM) and supplying renewable energy (RE) to nearly 300,000 households.
“Our goal is to help Australian businesses procure 100% renewable energy to fast-track their net zero journey, and we are very pleased to be able to partner with ACEN who is leading the sustainable energy landscape that integrates community prosperity,” said SmartestEnergy Australia CEO Robert Owens.
