105 MWp of solar power to be supplied via Power Purchase Agreement (PPA)
Lightsource BP, a global developer, owner and operator of solar energy projects announced today that they have been successful in a bid to provide renewable energy to Snowy Hydro in New South Wales via a solar PPA.
Snowy Hydro, a government owned entity which owns, operates and maintains the 4.1GW Snowy Mountains hydro scheme, is the fourth largest energy retailer in the National Electricity Market.
The Lightsource BP bid was one of eight projects to win across this tender and will take the form of a ground-mounted solar installation that is fully funded, constructed and maintained by Lightsource BP, providing power to Snowy Hydro via a 15-year PPA.
Adam Pegg, Lightsource BP Country Manager for Australia, says: “At Lightsource BP, we pride ourselves in offering global solar energy solutions that are competitively priced to our customers. Our success in this bid, reaffirms that capability. This project will further establish ourselves as a key solar developer, owner and operator across the Australian energy market”
Snowy Hydro’s CEO, Paul Broad, said it was great to sign a solar offtake agreement with Lightsource BP. “Snowy Hydro’s Renewable Energy Procurement Program was massively oversubscribed. More than 17,600 megawatts of projects were submitted through the competitive process and 888 megawatts across eight contracts were signed. Snowy Hydro selected those projects that offered competitive pricing and had credible pathways to commissioning in the next few years.”
David Windle, President for Solar Energy globally at BP said, “Next year marks 100 years of BP operations in Australia. Solar is one of the fastest growing sources of energy worldwide. We are excited that Lightsource BP is part of this growth and that, through Lightsource BP, we are extending our portfolio in the country to include renewable energy”.