Telstra has signed a Power Purchase Agreement (PPA) to procure solar power.
The Australian telco has signed a PPA to offtake from a new solar farm in Glenellen in New South Wales, 16km north of Albury.
The PPA has been signed with Global Power Generation Australia, the Australian subsidiary of Global Power Generation - which is part of Spanish multinational energy firm Naturgy.
Work is underway to build the farm. Telstra’s agreement covers 50 percent of 260MW project's output.
Kim Krogh Andersen, Telstra’s product & technology group executive, said: “We’re proud to support the 260MW Glenellen solar farm as it will not only power homes with cleaner energy, but also provide local employment opportunities to the Riverina region.”
This is the organization’s seventh PPA, and brings its total renewable energy investment to AU$1.4 billion (US$933m).
Telstra signed a PPA with Global Power Generation late last year to offtake from a 100MWp solar park in Bundaberg, Queensland.
September 2023 saw the company sign a PPA to purchase the output of a solar farm in Queensland with Munna Creek Solar Farm Investments.
The telco signed a PPA with Ark Energy in 2022 to procure from the 923.4MW MacIntyre Wind Farm in Queensland, and has previously signed deals with RES Australia to procure the outpost of a solar farm in Queensland, and wind farms in New South Wales and Victoria.
