Sydney Opera House Retail PPA
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.
Cairns Regional Council
Cairns Regional Council signs PPA with CleanCo
BRC-A member Cairns Regional Council will be the first local government in Queensland to sign a clean energy supply agreement with CleanCo Queensland. The 10-year deal will supply over 24GWh per year of 100% renewable electricity to Council’s 80 largest facilities from July 2024. Facilities to be powered under this…
RES secured Australia's first ever utility scale grid connected corporate PPA.
In early 2017, Australian businesses were facing energy price rises of around 20 percent. Telstra, Australia’s largest telecommunications and media company approached RES to discuss PPA options to achieve price security and improved sustainability. Telstra are one of Australia’s largest energy users – accounting for around 1 percent of the…
Melbourne Renewable Energy Project 2.0 - Renewable PPA transaction advisor (commercial and technical)
The City of Melbourne (CoM) has an ambitious climate action plan that is focused on leading by example and sharing solutions to climate change. Building on the success and insights gained from the inaugural Melbourne Renewable Energy Project (MREP 1.0), the CoM facilitated a second renewable energy buyers group to help…
Dexus - Renewable PPA a transaction advisor (commercial and technical)
Dexus, a leading real estate group with a property portfolio valued at $31.8 billion, secured one of Australia’s first supply-linked renewable Energy Supply Agreements (ESA) in late 2018. The ESA which commenced in January this year powers the base building services of more than 40 buildings in Dexus’ New South…