100s of NSW and ACT pubs save on energy through a PPA on solar

Source: RenewEconomy

A large Power Purchase Agreement (PPA) between over 300 pubs/hotels/breweries in NSW and the ACT and the energy giant Engie will enable the building of a large scale solar farm at Narrabri; reduce the participants’ carbon footprints and their energy costs.

The partnership is between Lion Breweries, the Australian Hotels Association, Tourism Accommodation Australia and Engie’s retailer subsidiary Simply Energy. These hotels, pubs and breweries will secure a supply of renewable energy at a much lower price than current wholesale electricity spot prices.

The deal will lock in wholesale electricity prices for the venues at $69/MW for 10 years, compared to the current prices which are around $85/MW. For example, for a typical hotel its energy prices will drop from 11.5c/kWh to 6.9c/kWh. This is 40% less which means a saving of $18,000 per year.

It is part of a wider trend which allows Australian corporations to reduce their energy costs by forming these PPAs and enabling the construction of new renewable energy sources.

Read more: XXXX! Hundreds of pubs slash energy costs through Lion deal on solar. Renew Economy, October 4, 2019.
Post Script: How to benefit from renewable energy power purchase agreements - an explainer. The Green List, August 22, 2019.