AGL, Tilt Renewables sign 15-year PPA
It will offtake 513 GWh from the 178 MW plant.
AGL Energy has signed a 15-year power purchase agreement (PPA) with Tilt Renewables to offtake 45% of the electricity output generated from the Rye Park Wind Farm in New South Wales in Australia.
In a statement, AGL said the output it will offtake is around 513 gigawatt-hours (GWh) annually from the plant’s 178-megawatt (MW) capacity.
This will avoid 400,000 tonnes of greenhouse gas emissions every year, it said.
“This PPA with Tilt Renewables is an important milestone in our transition journey and our partnership with Tilt.” AGL COO Markus Brokhof said.
“Through this agreement AGL will source electricity to power approximately 90,000 Australian homes with renewable energy from April 2025 for 15 years,” he added.
The wind farm has been under construction since December 2021 and will be fully operational in mid-2024 with a total capacity of 369 MW.
This is also the first PPA to be signed following the acquisition of Tilt Renewables Australian operations by AGL and its partners QIC and the Future Fund in 2021.