News
PROJECT | Staff Reporter, Australia
view(s)

Snowy Hydro inks 8 solar and wind projects with 888MW capacity

It will allow them to offer wholesale prices below A$70/MWh for a flat load up to 15 years.

Snowy Hydro signed contracts for eight wind and solar projects with a total of 888MW, located across New South Wales and Victoria and expected to generate about 2.8 terawatt hours of energy annually.

According to an announcement, this concludes its Renewable Energy Procurement Programme, which saw over 17,600MW of projects submitted through the procurement process.

These contracts will allow the company to offer wholesale prices below A$70/MWh for a flat load up to 15 years.

"This will bring on significant new energy supply and therefore much-needed competition to the market, and will enable Snowy Hydro to pass on lower wholesale prices to our customers," the company said.

All eight winning projects are expected to come online within the next two years. 

Photo by Takver from Australia - Alltwalis Wind Farm near Pencader, Wales, CC BY-SA 2.0

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.