ZEN continues its PPA expansion, this time into New South Wales.
18 May 2023
ZEN continues its PPA expansion, this time into New South Wales. ZEN Energy announced its first agreement with MYTILINEOS for offtake from its Wagga Wagga South solar farm. MYTILINEOS, a leading developer of utility-scale solar and energy storage projects, entered the Australian market in 2019 and has financed and built five solar farms across NSW and Queensland, with two more under construction.
“We are delighted to be working with MYTILINEOS on expanding our portfolio. ZEN is continuing to expand our PPA profile, now on a monthly basis,” said ZEN Energy’s Executive General Manager of Future Energy, Mark Sinclair. “We actively seek to work with innovative partners with a laser focus on delivering renewable projects as fast as we can.”
ZEN and MYTILINEOS have agreed to a long-term contract with ZEN taking 80% of the electricity and LGCs generated from the 18.7MW plant. The plant is now in commissioning phase and is expected to enter commercial operation in Q2 2023.
“Bringing on a series of mid-range assets enables us to support the regional aspirations of our customers. It means they can access offtakes where they are located, like regional distribution centres. We are continuing to focus on creating agreements with progressive companies like MYTILINEOS, taking on PPAs across regional Australia,” Mark added.
Image Credits: https://waggawaggasolar.com.au/
MYTILINEOS Energy & Metals, founded in Greece in 1990, is an industrial and energy multinational company, listed on the Athens Stock Exchange, with a consolidated turnover of €6.3 billion and EBITDA of €823 million and employs more than 5.442 direct and indirect employees in Greece and abroad. Through the Energy Sector, the company is strategically positioned at the forefront of the energy transition as an integrated “green” utility, while through the Metallurgy Sector the Company is establishing as a benchmark for competitive “green” metallurgy in the European landscape. Focused on sustainability, it has set a target to reduce CO2 emissions by at least 30% by 2030 and achieve by 2050 net zero carbon footprint in all its operations in accordance with ESG criteria for Environment, Society and Governance.