Origin seals its largest ever wind offtake agreement with TrustPower
Origin Energy Limited (Origin) and New Zealand's TrustPower today announced the signing of Origin's largest ever wind power purchase agreement in which it will be supplied the renewable energy generated by TrustPowers planned Snowtown II Wind Farm in South Australia.
Snowtown II Wind Farm, which will comprise 90 turbines with an installed capacity of 270 MW, will be located adjacent to TrustPower's 100 MW Snowtown Wind Farm, with which Origin holds an existing power purchase agreement.
Under the terms of the new 15-year agreement, Origin will be supplied with 100 per cent of the output and Rewewable Energy Certificates (RECs) from Snowtown II, which is expected to commence operations in 2014. Origin will pay only for the energy and RECS generated by the wind farm.
Origin Chief Executive Officer, Energy Markets, Frank Calabria said, "Origin is an active investor in the renewable energy sector and this new power purchase agreement will directly underpin the development of the Snowtown II Wind Farm.
"The agreement demonstates our commitment to supporting a range of renewable energy sources and options to meet both our obligations under the Federal Government's Large Scale Renewable Energy Target and customer demand for cleaner energy," Mr Calabria said.
Snowtown II Wind Farm will be located approximately 160 kilometres north west of Adelaide. Construction is expected to commence later this year, subject to the completion of a number of conditions precedent.
TrustPower Chief Executive, Vince Hawksworth said, "TrustPower is delighted to have reached agreement with Origin, which represents a significant milestone for the Snowtown II project."
As the leading Australian integrated energy company, Origin has a large portfolio of diversified renewable energy opportunities, including geothermal, hydro, solar and wind, and holds a leadership position in the green energy market with more than 500,000 green energy customers.
Origin currently has nine power purchase agreements in place with wind farm operators in New South Wales, Victoria and South Australia, representing a total of 457 MW. The signing of the Snowtown II Wind Farm agreement with TrustPower stands to contribute an additional 270 MW.
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