News: Neoen signs 215MW Oz Power Purchase Agreement

Media Article - Neoen has signed a 215MW PPA with Stanwell Corporation, a major provider of electricity and energy solutions to Queensland and throughout Australia.

Under the 15-year agreement, Stanwell will purchase 65% of the generation capacity of the 330MW Mount Hopeful Wind Farm, which will be fully owned by Neoen.

This PPA will enable Stanwell to provide clean, renewable energy to their commercial and industrial customers, through their retail electricity business, Stanwell Energy.

Neoen and Stanwell are also exploring future renewable energy projects in the state.

Mount Hopeful Wind Farm is located in the ranges southwest of Rockhampton, in Central Queensland.

Neoen acknowledge and is engaging with the Traditional Owners of the land on which it is located, the Gaangalu Nation People (GNP).

Construction of the wind farm is scheduled to commence in the second half of 2023, with first generation expected in 2026.

Once operational, Mount Hopeful Wind Farm will supply enough clean electricity to power over 240,000 homes.

Source: ReNewz.Biz