Renewable Energy Hub announce signing of new 10-year PPA with Eurobodalla Shire Council

Renewable Energy Hub is pleased to announce the signing of a long-term renewable energy power-purchase agreement (PPA) with Eurobodalla Shire Council and Engie.

This 10-year agreement, commencing in July 2021, sets Eurobodalla Council on course to achieving its aim of sourcing 100% of its energy from renewables by 2030.

The terms of this agreement will see 80% of Eurobodalla Council’s total electricity load derived from two solar farms at Parkes and Griffith contributing energy from the first year and from the Hills of Gold wind farm located at Nundle in the New England region of NSW which is to come on line in 2024.

The 10-year Power Purchase Agreement will reduce Eurobodalla Council’s carbon emissions by approximately 37,000 tonnes, equivalent to removing 1000 cars off the roads and will deliver significant ongoing cost savings on Council’s electricity bills.

Renewable Energy Hub and Eurobodalla began discussions about the possibility of helping them secure a PPA in mid-2020 and following a Local Government Procurement process, Engie were selected as the supplier.

Chris Halliwell, Managing Director of Renewable Energy Hub, said Eurobodalla’s forward-thinking attitude and openness to creative solutions made them not only a great partner, but secured a fantastic outcome for them.

“It’s a credit to Eurobodalla Shire Council that they’ve taken this step to secure their energy supply at a great rate, support renewable energy projects in NSW, and set the path towards net-zero emissions by 2030. This agreement provides a great example of how the transition to a renewables-backed energy agreement can unlock additional savings while retaining much of the familiar functionality of a retailer-billed arrangement”.

Eurobodalla Mayor Liz Innes said the council was thrilled to be able to secure an agreement where they are working towards sourcing 100% of Council’s electricity from renewable energy by 2030, reducing their greenhouse gas emissions and doing this at a competitive price.

“By working with Renewable Energy Hub to secure this PPA we were able to reduce our costs, while also confidently moving towards meeting our target of net-zero emissions by 2030.”

ENGIE Executive General Manager of Energy Management, Mr Andrew Hyland, said the PPA was the latest example of ENGIE using its understanding of the wholesale energy market to design solutions for organisations looking to achieve net-zero targets.

“Eurobodalla is one of many local governments who are looking to secure a long-term supply of clean energy. It was a pleasure to work with them on this PPA.” he said.

This is the second renewable energy PPA that Renewable Energy Hub has negotiated for a local government, after Hawkesbury Shire Council signed a 10-year agreement in 2019, also with Engie.

renewableenergyhub.com.au

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