Thursday, December 8 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Snowy Hydro Signs New Renewable Energy Deal

    June 21, 2022 - Gulf Oil & Gas


      Snowy Hydro has signed a contract to purchase power and renewables certificates from a new CWP Renewables wind farm development in New South Wales, extending its renewable energy portfolio once further.

      The deal with the Uungula wind farm near Wellington is the 12th for Snowy Hydro, a leader in clean energy and Australia’s renewable energy transition.

      Managing Director and CEO Paul Broad said the agreement to purchase 200 megawatts of Uungula’s output for a 15-year term supported Snowy Hydro’s commitment to providing affordable, reliable and clean energy to its commercial and industrial customers.

      “Renewables are the future and by combining our contracted wind and solar projects with our on-demand hydro assets we can provide ‘firm’, secure, low-emissions energy to the market, while keeping the lights on,” Mr Broad said.

      “This new deal with CWP Renewables is targeted to start in 2026 after construction of Uungula is completed and will increase the total energy that Snowy purchases from renewables projects to 4.1 terawatt hours each year.” CWP Renewables CEO Jason Willoughby welcomed the second partnership with Snowy Hydro and said the agreement confirmed the ongoing demand for renewables. “At 414 megawatts, Uungula will be our largest wind farm to date and provide enough clean electricity to power more than 200,000 homes,” Mr Willoughby said. “It’s great to have Snowy Hydro on-board as a foundation offtaker for the project, which in turn helps us continue to develop our pipeline of renewable projects.” CWP Renewables currently operates and owns 650MW of renewable energy assets in the National Electricity Market and has another 5GW of wind, storage and firming projects in its near-medium term development portfolio. Snowy Hydro already partners with CWP Renewables through an offtake agreement for power from its Bango wind farm, north of Yass. “We are pleased to be working again with CWP Renewables and growing our clean energy business,” Mr Broad said. “This partnership is another example of Snowy Hydro securing greater investment in renewables across Australia, which is a win-win for everyone.”

      Uungula Wind Farm has received development approval and construction is planned to start this year, supporting more than 260 jobs.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.