A collective of 18 New South Wales councils has signed a landmark agreement that will seek to source 35% of all retail power use through renewable energy production.
The Southern Sydney Regional Organisation of Councils (SSROC) signed a Power Purchase Agreement (PPA), which the organisation claims will shield the participating councils from market volatility while also providing ‘significant cost savings’.
The agreement will see the participating councils source the majority of their renewable energy from the Moree Solar Farm until the end of 2030.
The agreement will see around 440,000 MWh of renewable energy produced over the lifetime of the contract.
The SSROC has said that the agreement will see the councils procure their renewable energy at a fixed price, while at the same time having access to the competitive retail energy market.
“This is a huge achievement by local government. Councils will save money, lower their risk and reduce carbon emissions. It will also give a much needed boost to the renewable energy industry in NSW. It is a major part of the regional Renewable Energy Master Plan, Our Energy Future,” SSROC President Councillor John Faker said.