Spanish renewable firm Acciona has signed a corporate power purchase agreement (PPA) with Australian company Viva Energy to support the strategically important Geelong Refinery in Victoria, New South Wales.
Under the PPA, the refinery will buy power from the Acciona’s 132MW windfarm at Mount Gellibrand, to meet one-third of the refinery’s electricity requirements.
Acciona Energy Australia managing director Brett Wickham said: “Companies like Viva Energy understand the value alternative energy supply solutions, such as this wind-backed corporate PPA, offer in reducing electricity price volatility and costs.
“We take a strategic approach to understand the needs of commercial and industrial clients and are pleased to be working with Viva Energy on this corporate PPA. We share their commitment towards greater energy productivity and the environmental benefits the windfarm brings.”
Based in Melbourne, Victoria, Viva Energy is engaged in supplying liquid fuels in Australia and sells Shell products under licence across the country.
Viva Energy CEO Scott Wyatt said: “Access to reliable and affordable electricity is critical for our refining operations, which need to operate continuously and be able to compete with large-scale refineries overseas.
“Over the last few years, the cost of electricity supply in Victoria has more than doubled and has become increasingly subject to pricing spikes due to weather and reliability events causing disruptions to generation and supply.”
With this new PPA agreement, Acciona has further expanded its strategic partnership with commercial and industrial clients.
The company now has more than 500 contracts in place with its customers operating in a wide variety of sectors such as transport, telecommunications, infrastructure, industry, consumer goods and health services.
Earlier this month, Acciona received a contract to supply 345GWh of renewable power to Spanish telecom company Telefónica.