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SIMEC ZEN Energy Signs Two New Power Off‐Take Agreements with Wirsol Energy, Advancing GFG Alliance’s Renewable Energy Ambitions in Australia

SIMEC ZEN Energy, the Australian energy arm of Sanjeev Gupta’s GFG Alliance, has reached a further landmark agreement designed to reduce energy costs to major industry in Australia by contracting the majority of energy production from two large Australian Solar Farms.

The long‐term supply agreement has been reached with German Developer Wirsol Energy to purchase energy from their 90MWp Clermont Solar Farm, north of Emerald in Queensland and their 110MWp Wemen Solar Farm, near Mildura in Victoria.  The projects commenced construction in December 2017 and are due to be commissioned in Q4 2018.  Given the positive response, SIMEC ZEN has received from the market, the purchase will support the energy needs of its customer base in Queensland and Victoria.

The Clermont Solar Farm will produce the equivalent energy to power 31,000 homes, saving 178,000 tonnes of C02 emissions and the Wemen Solar Farm will produce the equivalent energy to power 34,000 homes, saving 256,000 tonnes of C02 emissions.

Managing Director of Wirsol Energy, Mark Hogan said,

“We are delighted to have signed two power purchase agreements with SIMEC ZEN Energy.  The signing of these PPAs marks another important milestone for Wirsol in Australia as we move towards our target of 1GW of solar by 2020. We share SIMEC ZEN’s vision of delivering cheaper, more reliable and environmentally sustainable energy and we see a strong alignment between our businesses.”

SIMEC ZEN Energy Chairman, Sanjeev Gupta said,

“We are pleased with the Wirsol agreement that again reinforces our company’s commitment to the goals of economic and environmental sustainability.  We see Australia, with its abundance of energy sources, as the natural home for the expansion of energy‐intensive industry, with renewables to play an integral role”.

Wirsol has five solar projects spread across Victoria and Queensland, each due to be connected to the national power grid by the end of 2018.  The five projects have a combined capacity of 398 MW with the recently commissioned Gannawarra solar project in Victoria to be supported by a 25 MW / 50 MWh Tesla Powerpack battery, making it one of the largest solar and battery storage systems globally, and Australia’s biggest.

This agreement follows the recently signed agreement between SIMEC ZEN and French Developer NEOEN to take the majority of the 100MWp Numurkah Solar Farm only 6 weeks ago to support its Laverton Steelworks.

About SIMEC ZEN Energy

SIMEC ZEN Energy is a new electricity retailer in the National Electricity Market (the ‘NEM’) committed to delivering affordable, sustainable energy solutions to its customers. In late 2017 it was awarded a contract to supply all of the South Australian Government’s electricity requirements, and in May 2018 awarded the electricity supply contract for the South Australian Chamber of Mines and Energy Joint Purchasing Group.

The company, which is part of the global energy, metals, engineering and financial services group of the GFG Alliance, aims to lower electricity prices by using new technologies and Australia’s exceptionally high-quality renewable energy resources. The company supplies energy to GFG’s rapidly growing portfolio of mining, metals and industrial companies, as well as the broader customer market.

About Wirsol Energy

WIRSOL Energy Pty Ltd has been a major player in the large-scale renewable energy market since its creation in 2013.  Starting in Germany as a subsidiary of the WIRCON Group, the company has grown to develop, construct and operate integrated renewable energy systems, including utility-scale solar PV projects across Europe and now as the market leader in Australia.

WIRSOL Energy Pty Ltd has excelled due to its highly developed skill set, particularly in securing high-quality sites; facilitating network connection, securing off‐take agreements and establishing development financing.  WIRSOL’s Australian office is located in Manly, NSW, the beachside suburb of Sydney that is fast becoming Australia’s solar hub.  For additional information please visit our website www.wirsol.com.au

Feature Image of Wirsol Gannawarra Solar Farm. Photo Credit www.wirsol.com.au

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