Acciona Energía has signed a 10-year PPA with Australian electricity retailer ZEN Energy (ZEN). This agreement provides for the supply of 200 GWh/year of 100% renewable energy from Acciona Energía’s Waubra wind farm.
Acciona Energía and ZEN Energy collaborate in Australia
Acciona operates the Waubra wind farm in Victoria. It produces enough energy to power the equivalent of 138,000 homes. Through this PPA, ZEN obtains 34% of Waubra’s total electricity production.
The agreement will allow ZEN to expand and diversify its renewable energy supply portfolio as it accelerates Australia’s decarbonization.
Anthony Garnaut, Managing Director of ZEN, commented:
“ZEN is accelerating its renewable energy portfolio strategy. The signing of this purchase agreement with the Waubra wind farm, as well as the recent purchase of the Tailem Bend 2 solar farm, are just the beginning of our contribution to the energy transition.”
He adds:
“We strive to structure our transactions in an innovative and sustainable way. In order to meet the needs of our customers and energy market participants. This is another industry-first transaction structure for ZEN. We would like to highlight the flexibility and creativity of the Acciona Energía team.”
In this rapidly developing competitive sector in Australia, Melanie Sutton, Acciona’s Director of Energy Markets and Policy in Australia, says:
“We share with ZEN our mission to build a better planet now. They are as motivated as we are to create sustainable solutions for their customers. We’re excited to see our partnership with them grow with the Waubra Wind Farm deal.”
This agreement will allow both companies to develop their presence in the field of renewable energy. We also note a development in the Australian energy sector. Finally, it is a reflection of the beginning of the Australian energy transition.
