SmartestEnergy Secures Power Deal from 400-MW Aussie PV Park

• SmartestEnergy Australia secures 25% of output from New England Stage 1 solar park, powering commercial and industrial customers across Australia.

SmartestEnergy Australia, a subsidiary of Marubeni Corp, has signed a deal with ACEN Corporation to purchase 25% of the output from the 400-MW New England Stage 1 solar park in New South Wales, Australia. The agreement is for an eight-year power purchase agreement (PPA) and the electricity will be supplied to SmartestEnergy's commercial and industrial customers throughout Australia.

The New England Stage 1 park is part of the larger 720-MW New England photovoltaic project in the state's Renewable Energy Zone. The plant, which came online last year, is equipped with one million solar panels and is planned to be paired with a battery energy storage facility. Once fully operational, the solar complex is expected to generate 1,800 GWh of electricity annually, enough to power around 300,000 Australian homes.

What is the significance of SmartestEnergy Australia's deal with ACEN Corporation?

• The deal between SmartestEnergy Australia and ACEN Corporation is significant as it helps to support the growth of renewable energy in Australia.
• By purchasing 25% of the output from the New England Stage 1 solar park, SmartestEnergy is contributing to the reduction of greenhouse gas emissions and the transition towards a more sustainable energy system.
• The eight-year power purchase agreement (PPA) provides stability for both parties involved, ensuring a consistent supply of renewable electricity for SmartestEnergy's commercial and industrial customers.
• The New England Stage 1 park is part of a larger solar project in New South Wales, highlighting the increasing investment in renewable energy infrastructure in the region.
• The integration of a battery energy storage facility with the solar plant demonstrates the potential for renewable energy to provide reliable and flexible power generation, supporting the grid stability and energy transition in Australia.