Sydney Opera House Retail PPA

CASE STUDY | 20 Jul 2020

Organisation: Presync

Buyer: Government/Institution

State: New South Wales

Deal type: Retail

Technology type: Solar/Wind hybrid

Presync was engaged by Sydney Opera House to develop carbon neutral strategy and assist with renewable electricity procurement. Presync analysed the load and reviewed opportunities for further efficiency measures, finding that most impact could be achieved by procuring electricity from new renewable projects. Presync conducted a market sounding for a renewable PPA, built the business case with extensive stakeholder engagement, and provided expertise during the tender development and assessment process. The Opera House secured offtake from two NSW renewable projects, Sapphire (wind) and Bomen (solar), via a seven-year retail PPA with Flow Power commencing January 2019. Presync tracks electricity spend, which is  a function of load, generation and wholesale prices. The deal provides budget stability and is working as forecast.

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