Neoen has signed a power purchase agreement (PPA) with Australian energy retailer Flow Power covering 40MW of capacity at its Goyder South Stage 1 wind farm in South Australia.
Goyder South Stage 1 is the first stage of Neoen’s flagship project known as Goyder Renewables Zone, a hybrid wind, solar and storage project located near Burra in the state’s Mid North region.
Construction of Stage 1, comprising 75 wind turbines with a total capacity of 412MW, is underway with operations expected to commence in 2024.
Goyder South has development approval for a total of 1200MW of wind generation, 600MW of solar generation and 900MW of battery storage capacity, making it the state’s largest renewable project.
Under the 10-year agreement, Flow Power will purchase close to 10% of the generation capacity of the Goyder South Stage 1 wind farm.
This PPA will enable Flow Power to provide South Australian commercial and industrial electricity users with access to affordable local clean energy.
This is the second offtake agreement secured for Goyder South Stage 1, complementing the 14-year contract for 100MW with the Australian Capital Territory (ACT) Government which was announced in September 2020.
Louis de Sambucy, Neoen Australia’s Managing Director, said: “We are delighted to sign our first PPA with Flow Power, who deliver competitively priced renewable energy and emissions reductions to a wide range of Australian businesses.
“Goyder South is not only an extremely competitive project: it also unlocks exceptional regional economic and local community outcomes.”