A landmark deal has been struck between the country’s fastest growing electricity retailer, Flow Power and Australia’s third largest wind farm, Ararat Wind Farm.
Renewable PPAs are already at the heart of many corporate energy strategies in Europe and North America, with companies like Google, Amazon and Facebook recognising the fact that they offer both long term price security and are one of the fastest ways to reach sustainability goals. As a disrupter in the local energy market, Flow Power is the first retailer to offer large energy users in Australia these same benefits within a volatile power market that has seen energy prices increase by up to 300%.
The introduction of Renewable Corporate PPAs allows local businesses to tap into a global trend that will bring costs down and benefit both the environment and the economy.
Renewable Corporate PPAs contribute to meeting the Renewable Energy Target of a 25% reduction in emissions by 2020, but also make economic sense by providing Australian businesses with direct access to secure, low-cost energy supply at rates up to half the current retail rates, saving businesses hundreds of thousands of dollars in energy costs. Ultimately, that means more jobs and investment in Australia for the long term.
Matthew van der Linden, Founder of Flow Power, discussed the deal at Disruption & The Energy Industry’ in Sydney. He comments: “The power market is changing, and this agreement with Ararat Wind Farm marks a line in the sand for the energy sector in Australia. Renewable Corporate PPAs are the key to keeping business power costs down, and our aim is to be able to offer these savings to all large energy users across the country.”
“Corporate PPAs have proven successful internationally over the past decade, and we are proud to bring the model to Australia in partnership with Ararat Wind Farm. We are actively working with customers to get agreements signed in the coming months,” Mr van der Linden said.
Stuart Liddell, General Manager of Ararat Wind Farm adds, “As the third largest wind farm in Australia, Ararat Wind Farm continues to play a major role in producing carbon-free electricity. Ararat Wind Farm is pleased to announce this PPA with Flow Power that will directly benefit the local and regional economy by helping businesses keep costs down while procuring secure, reliable and green power”.
Read more about our Renewable Corporate PPAs here.
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