July 5 (Renewables Now) - Australia's Monash University said today it has signed a long-term power purchase agreement (PPA) as part of the 226-MW first stage of the Murra Warra wind farm in Victoria. With the deal, the university joins a consortium of electricity buyers, led by Australian telecommunications group Telstra Corporation Ltd (ASX:TLS), that was set up in late 2017. The agreement is in line with the university's efforts to reach net zero emissions by 2030. It will see Monash buy the rights to both electricity and large-scale renewable energy certificates (RECs) generated by the wind farm. The wind power plant is currently under construction near Horsham, western Victoria and is expected to be fully operational next year. UK-based project developer Renewable Energy Systems (RES) announced in March it had achieved financial close for the Murra Warra first stage, with RES and Macquarie Capital providing equity finance.
Monash University in Australia has joined a consortium of energy consumers signing a supply agreement with the new Murra Warra wind farm under construction near Horsham in Victoria state. The deal is part of an effort to reduce carbon emissions and boost renewable energy. It's due to be operational next year. Monash joins buyers led by telecoms group Telstra in the consortium, which has signed a long-term power purchase agreement for rights to electricity and renewable energy certificates from the wind farm.