8 April 2024

ZEN Energy and RATCH-Australia Corporation (RAC) have signed a 10-year agreement for 200 gigawatt-hours (GWh) annually of renewable energy from wind farms operating in NSW and South Australia.

With the addition of the long-term offtake agreement with RAC, ZEN has marked a significant milestone in its business growth, securing a total to date of 1.5TWh per annum of contracted solar and wind PPAs, and a deeper expansion into NSW.

The new 10-year offtake agreement includes:

• 20.6 per cent of the generation and LGCs from RAC’s 226.8MW Collector Wind Farm, NSW, delivering approximately 110 GWh per annum.
• 100 per cent of the generation and LGCs from RAC’s 33MW Starfish Hill Wind Farm at Cape Jervis, South Australia, delivering approximately 90 GWh per annum.

Collector Wind Farm is RAC’s first project in NSW and the largest wind farm that the company has built in Australia. The wind farm consists of 54 turbines and collectively produces 528GWh each year, which is capable of powering 80,000 NSW homes and saves close to 320,000 tonnes of CO2 emission each year.

Starfish Hill was the first major wind farm built in South Australia in 2003.

Quotes attributable to ZEN CEO, Anthony Garnaut:

“RATCH-Australia is an outstanding example of the sustainability-driven businesses that ZEN is seeking to partner with as part of an eco-system of renewable energy suppliers.

“Bilateral power offtake agreements between retailers such as ZEN and renewable project owners like RATCH-Australia are creating significant and growing demand for utility-scale wind, as well as solar, energy in Australia.”

Quotes attributable RATCH-Australia Corporation CEO, Sahachthorn Putthong:

“There is a strong synergy between RATCH-Australia and ZEN and we look forward to working together in the long term.

“We have shared aims to continue to grow as leading value-orientated energy companies in Australia, similar cultures of caring for the communities in which we operate and commitment to driving emissions reduction.”

ENDS.