The University of New South Wales (UNSW) has signed an agreement with Maoneng Australia and Origin Energy to purchase photovoltaic (PV) solarpower for 15 years.
The tripartite deal includes an off-site solar PV corporate power purchase agreement (solar PPA).
Under the contract, UNSW will buy up to 124,000MWh of renewable energy per annum from Maoneng’s Sunraysia solar farm near Balranald in south-western NSW.
UNSW aims to achieve its goal of carbon neutrality on energy use by 2020.
UNSW president and vice-chancellor professor Ian Jacobs said: “This landmark initiative is an exciting step towards realising UNSW’s goal of carbon neutrality on energy use by 2020 and reflects our commitment to making a positive global impact.
“The Solar PPA arrangement will allow UNSW to secure carbon emission-free electricity supplies at a cost that is economically and environmentally attractive when compared to fossil fuel-sourced supplies.
“Over the past six months, UNSW has collaborated with our contract partners Maoneng and Origin to develop a solar PPA model that leads the way in renewable energy procurement and reflects our commitment to global impact outlined in our 2025 strategy.”
The university also reached a three-year retail firming contract with Origin to manage the intermittency of solar production.
Construction of the Sunraysia Solar Farm is expected to begin later this year, with completion scheduled for Q2 2019.