Australian company Tilt Renewables is to sell electricity to Aldi Foods from the 336MW Dundonnell wind farm in western Victoria, Australia.
The 10-year power purchase agreement covers about 6% of the output from the project, which is expected to be fully operational in the third quarter of 2020.
Aldi’s supply deal, which is Tilt’s first corporate PPA, will commence at the start of 2021.
The PPA with Aldi takes the total long‐term contracting of output from Dundonnell to approximately 93%.
In 2018, the project secured a support agreement from the state government as part of the Victorian Renewable Energy Auction Scheme and a long‐term PPA with Snowy Hydro.
Tilt chief executive Deion Campbell said: “This 10‐year PPA is the result of a competitive process and our success in that process clearly demonstrates the quality of the Dundonnell project and the capability of the Tilt Renewables team.
“We are excited to have established our first corporate PPA with a partner as iconic as Aldi.
“The majority of the production volume from the Dundonnell wind farm is contracted with strong counterparties, and this PPA provides further revenue certainty from the project.
“The company continues to be well positioned to continue delivering shareholder value via large investment opportunities from our high‐quality development pipeline, which is considered the best in the region.”