The Power of Coming Together – Pacific Hydro and Tango Energy announced as preferred supplier
23 November 2017
Pacific Hydro and Tango Energy have today been announced as the preferred supplier to the innovative Melbourne Renewable Energy Project (MREP).
Led by the City of Melbourne, this deal marks the first time in Australia that a group of local governments, cultural institutions, universities and corporations have combined their purchasing power to support the construction of a new renewable energy facility.
“As a builder, owner, and operator of renewables in Australia for over twenty-five years, we are immensely proud to have been selected as the energy partner for this project”, Pacific Hydro Chief Financial Officer Rob Spurr said today.
“This new approach to power purchasing will help our partners to take control of their costs, reduce their emissions, and directly support our work decarbonising the power system. Initiatives such as the Melbourne Renewable Energy Project will be key in driving new renewable energy generation in Australia” he added.
Under this project, members will commit to purchasing 88 GWh of electricity per year from the project under a long-term power purchase agreement (PPA). The purchasing group are now working with Pacific Hydro to finalise contracts which are expected in coming weeks.
The agreement will now enable Pacific Hydro to progress financing and construction arrangements for our 80 MW Crowlands wind farm near Ararat.
The Crowlands Wind Farm will create more than 140 jobs during construction and eight ongoing maintenance jobs.
Pacific Hydro was founded in 1992 with a commitment to harness clean, renewable energy from natural sources.
A global renewable energy owner, operator and developer based in Melbourne, it operates a high quality, diversified portfolio with an installed capacity of ~850 MW across Chile, Australia, and Brazil; it is also developing a substantial number of projects totalling over 2 GW of potential capacity; and has a growing electricity retail business in Australia, Tango Energy.
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Media Enquiries – Adam Chandler, Senior Project Leader Communications and Engagement 1800 730 734