AGL will source electricity for 90,000 homes from the wind farm. Credit: Kshithij Chandrashekar/Unsplash.

Australian energy company AGL Energy has signed a 15-year power purchase agreement (PPA) with Tilt Renewables to buy power from the 396MW Rye Park wind farm in New South Wales (NSW), Australia.

AGL will offtake 45% of Rye Park’s power output, equating to 513 gigawatt-hours of energy annually.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This is equivalent to the removal of 400,000 tonnes (t) of greenhouse gas emissions, or taking 110,000 internal combustion engine cars off the streets every year.

This is the first PPA for AGL and its partners QIC and the Future Fund since their purchase of Tilt Renewables’ Australian operations in 2021.

Powered by 66 of Vestas’ EnVentus V162-6.0MW turbines, the Rye Park wind farm will generate 1.18 terawatt-hours of clean energy, enough to power 215,000 homes, while offsetting 960,000t of CO₂ emissions annually.

See Also:

Located north of Yass in NSW, construction on the wind farm began in December 2021. The project will be fully operational in the middle of 2024.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

AGL chief operating officer Markus Brokhof stated: “This deal marked another significant step in the company’s energy transition journey as it continues to expand its portfolio of renewable generation assets and assists AGL to further decarbonise its customer demand.

“We are focused on continuing to build out our renewables pipeline as we work towards our interim target of adding 5GW of renewables and firming [stabilising the grid] by 2030 as part of our ambition to be net zero for operated scope 1 and 2 emissions by 2035. This PPA with Tilt Renewables is an important milestone in our transition journey and our partnership with Tilt.

“Through this agreement, AGL will source electricity to power approximately 90,000 Australian homes with renewable energy from April 2025 for 15 years.”