Water

Snowy Hydro buys up big on solar, wind power

2 November 2018

 

John Ellicot, the Land
2 November 2018

Snowy Hydro’s new buy up of wind and solar energy with with new contracts will “push down future energy prices”, the Federal-Government owned company said today.

Eight new suppliers will give Snowy access to enough renewable power to power 500,000 homes. The solar/power projects will be spread across NSW and Victoria, and one is expected to be Neoen’s Parkes solar farm.

Snowy Hydro boss Paul Broad said the deal – which came after Snowy Hydro sought expressions of interest – was a gamechanger.

“This will create us as the fourth serious player in the energy market in New South Wales and the fifth in Victoria: the added competition will be to the benefit for consumers,” Mr Broad said. “The market will respond.”

Read full article here.