Allens has advised the Southern Sydney Regional Organisation of Councils (SSROC) on its long term power purchase agreement (PPA) with Origin Energy.
Under the terms of the agreement, 20 councils will acquire a fixed amount of renewable electricity and associated environmental certificates from Moree Solar Farm at a fixed price, with Origin supplying the remainder of the electricity from the grid.
Through the PPA, the councils have secured their electricity supply up to 2030, which includes a fixed volume of renewable electricity at a fixed price.
The agreement also provides councils with the opportunity to approach the market again in three years to amend the firming arrangements or to increase their offtake of renewable energy.
Allens has advised the Southern Sydney Regional Organisation of Councils with a team including Anna Collyer (Picture), Danielle Jones, Dale Straughen and Mohamed Khairat.
Law Firms: Allens;