Australia Renewable Energy

It has a 10-year PPA with the Victorian Government.

Euston Wind Farm will supply electricity to over 300,000 households in New South Wales.

The deal includes utility-scale solar and battery storage projects, capable of more than 500MW.

The initial expression of interest stage will run until 10 November.

This is following AGL’s power purchase deal with Tilt Renewables.

The acquisition has an enterprise value of $1.1b (A$1.72b).

This will accelerate the development of clean energy projects.

They will jointly develop wind, solar and renewable energy storage projects.

The project can produce 3.5mt of green hydrogen annually once at full-scale.

The project in New South Wales has an 850MW/1,680MWh capacity. 

It can provide power to 240,000 homes.

The funding will also cut the cost of green hydrogen production.

It would be completed by December 2029 at the latest.

Clean energy investments reached $4.2b.

The projects are planned to be developed in Hunter and Illawarra regions.