Lightsource bp has announced that through a PPA with Snowy Hydro, its West Wyalong solar farm will supply renewable energy to 88 of bp’s service stations across New South Wales, Australia.
This milestone is the result of a power purchase agreement (PPA) with Snowy Hydro which owns, operates and maintains the Snowy Scheme and is the fourth largest energy retailer in the Australian National Electricity Market given the strong growth of its retailer Red Energy in New South Wales in recent years.
The PPA will enable the construction of a 107 MWp solar farm in West Wyalong, New South Wales. Snowy Hydro will purchase electricity generated from the solar farm through a 15-year agreement PPA. Under this arrangement Snowy-Hydro will in turn supply renewable energy through Red Energy to bp for 10 years to meet the power requirements of all its service stations throughout the state of New South Wales – saving 18,400 metric tonnes of carbon emissions per year, the equivalent of removing 6,100 fuel-burning cars from the road.
New South Wales residents can expect the 88 bp service stations to be powered by 100% renewables from January 2023. Lightsource bp has secured a contract with an EPC company and is now working to bring the project portfolio to financial close.
Adam Pegg, country manager, Lightsource bp – Australia, says, “Being able to facilitate powering bp’s service stations in New South Wales with renewable electricity from our West Wyalong solar farm is an achievement which demonstrates our commitment to provide sustainable and affordable energy to our communities. We are delighted to be able to leverage our existing relationship with Snowy Hydro on our project in Wellington, to deliver a solution that will contribute to bp’s net zero ambitions.”
Frédéric Baudry, president, bp Australia and SVP fuels & low carbon solutions, Asia Pacific says, “Powering these bp sites using renewable energy is a demonstration of our strategy in action and is another step towards our ambition to be a net zero company by 2050 or sooner and to help the world to get to net zero. We are proud to be advancing solar in Australia in partnership with Lightsource bp.”
Paul Broad, Snowy Hydro’s CEO says, “We are pleased to be able to keep facilitating the deployment of renewable energy into the grid and providing innovative solutions to help our customers meet their sustainability needs.”