Re­new­able energy power pur­chase agree­ment reached

DEMM Engineering & Manufacturing - - NEWS -

SCH­NEI­DER ELEC­TRIC says its re­cently launched clean­tech ad­vi­sory re­source – Energy & Sus­tain­abil­ity Ser­vices (ESS) – has helped BlueS­cope Steel to se­cure one of Aus­tralia’s largest cor­po­rate re­new­able energy Power Pur­chase Agree­ments (PPA) through The land­mark seven-year Power Pur­chase Agree­ment (PPA). This will see BlueS­cope off­take 66 per­cent of the 133MW of energy gen­er­ated from ESCO Pa­cific’s Fin­ley So­lar Farm. The agree­ment also fixes the power price over the life of the con­tract, re­duc­ing the price for power in the im­me­di­ate term and pro­vid­ing a long-term buf­fer against mar­ket volatil­ity. His­toric ups and downs in the price of Aus­tralian elec­tric­ity have led to con­sid­er­able and un­ex­pected surges that have left many busi­nesses strug­gling to man­age their energy bud­gets. The agree­ment was signed late last month at Port Kembla in NSW. BlueS­cope’s Port Kembla Steel­works is the largest man­u­fac­turer and sup­plier of flat steel in Aus­tralia by vol­ume and man­u­fac­tures slab, hot rolled coil and plate prod­ucts.

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