Australian energy firm AGL said on Thursday it has signed a power purchase agreement with wind farm operator Tilt Renewables, marking the first long-term wind-energy offtake deal for its Western Australian division.
Under the agreement, AGL will purchase the full 105 MW of expected generation from Tilt’s onshore Waddi Wind Farm for a term of 15 years.
No financial details of the deal were disclosed.
“This renewable energy PPA will add important portfolio diversification for AGL Perth Energy and enable the team to offer a broader range of products to our customer base in Western Australia,” AGL Chief Commercial Officer David Moretto said.
The Waddi Wind Farm, located in Western Australia and currently under development, is scheduled to begin supplying power under the agreement in the second half of 2028.
Source: Reuters.com