ACCIONA Energia will supply Australian power company ZEN Energy with 200GWh per year of electricity from its 192MW Waubra Wind Farm.
Under the 10-year power purchase agreement, ZEN will buy 34% of the total electricity produced at the Waubra Wind Farm, which has been spinning in the state of Victoria since 2009.
The deal will allow ZEN to expand and diversify its renewable supply portfolio as it ramps up Australia’s decarbonisation.
“ZEN is accelerating its renewable energy portfolio strategy. The signing of this offtake agreement with Waubra Wind Farm, along with the recent offtake from Tailem Bend 2 Solar Farm, is just the beginning of our contribution to the energy transition,” said ZEN CEO Anthony Garnaut.
“We are focused on structuring our deals in an innovative and sustainable manner, that complements the needs of our customers and energy market participants. This is another industry-first deal structure for ZEN and we want to acknowledge the flexibility and creativity of the ACCIONA Energia team.”
Melanie Sutton, ACCIONA Energia’s Director of Energy Markets and Policy in Australia, added: “Our mission to build a better planet now is shared with ZEN. They are as motivated as we are to create sustainable solutions for their customers and we’re excited to see our partnership with them grow with the Waubra Wind Farm agreement.”