22 February 2024

The world’s largest 100% renewable energy company, ACCIONA Energía, has doubled down on its relationship with Australian-owned ZEN Energy, signing a second 10-year energy offtake deal from the Waubra Wind Farm in the central highlands of Victoria.

At its peak, the new agreement increases ZEN’s acquisition to over 70% of the total renewable energy produced by the Waubra Wind Farm, elevating its annual offtake to approximately 400,000MWh.

The Waubra Wind Farm, with a capacity of 192MW, is a critical asset in Victoria’s network of renewable energy infrastructure.

Commencing in January 2024, the agreement bolsters the original offtake that began in 2022 and sees ZEN’s partnership with ACCIONA Energía continue until at least December 2033.

“This new agreement underscores our commitment to long-term, sustainable growth and the role we play in Australia’s renewable energy sector. By securing 400,000MWh per year, we are doubling down on our partnership with ACCIONA Energía, supporting our growth plans and our customers on their journey to 100% renewables,” said Anthony Garnaut, CEO of ZEN Energy.

The enduring partnership with ACCIONA Energía manifests ZEN’s resolve to support large-scale renewable developments and the delivery of sustainable power to its customers.

“Demand for renewable energy from commercial partners continues to grow as businesses respond to shareholder and customer expectations,” said ACCIONA Energia Managing Director Brett Wickham.

“Partnerships with ZEN are critical for businesses such as ours and help underwrite investment in future domestic renewable energy projects and deliver upon the energy transition,” said Mr Wickham.

This deal acts as a catalyst for ZEN’s further diversification and strengthening of its renewable energy portfolio, as part of its sustained growth strategy. It illustrates an enduring partnership ethos and signals confidence in renewable infrastructure investment as a mechanism for leadership in the transition to a zero-carbon world.

About ACCIONA Energía

ACCIONA Energía is the largest 100% renewable energy company with no fossil legacy in the world. It has 12.9GW of renewable energy and commercial operations in 20 countries. With 30 years of experience, ACCIONA Energía offers a complete portfolio of tailor-made energy solutions for its corporate and institutional clients to meet their decarbonization goals. ACCIONA Energía is committed to the highest environmental, social and corporate governance (ESG) standards. ACCIONA S.A., a leading global company in the provision of regenerative solutions for a decarbonized economy, is the reference shareholder of ACCIONA Energía.