AGL inks 7-year PPA with biotech firm CSL
Output will offtake 114 GWh from the 420 MW Victorian wind farm.
Australia’s AGL Energy and biotechnology firm CSL have finalised a 7-year renewable-linked power purchase agreement (PPA) where AGL will sell electricity from CSL’s Victorian operations.
The output it will offtake is projected to be around 114 gigawatt-hours (GWh) of energy per year from the Victorian wind farm’s 420-megawatt (MW) capacity.
Under the agreement, CSL will acquire renewable energy certificates from AGL to meet 100% of its electricity consumption. Certificates are expected to be generated from the Macarthur Wind Farm in Victoria, ensuring the quantity of renewable energy generated corresponds to the renewable energy certificate scheme.
“Renewable-linked PPAs like this one can assist our customers in their energy transition journey while also helping to support the ongoing operation of our renewable energy assets,” AGL Chief Customer Officer Jo Egan stated.
Macarthur Wind Farm is located in southwestern Victoria and comprises 140 wind turbines. On average, it generates over 910,000 MWh of renewable energy annually, capable of powering 171,000 average Australian households each year.