Adelaide-headquartered renewable energy developer ZEN Energy has signed a 10-year power purchase agreement (PPA) with developer Enel Green Power Australia to secure green energy produced from 98MW solar PV project in New South Wales.
Nestlé is the sole tax equity investor of the 326MW Stampede solar-plus-storage project and will also acquire the renewable energy attributes from the whole capacity of the solar PV plant.
According to data from the US Energy Information Administration (EIA) latest report “Preliminary Monthly Electric Generator Inventory”, solar PV accounted for 59% of all additions.
The Shallow Basket Energy project is built on land leased from the Jicarilla Apache Nation and includes a 50MW dedicated battery energy storage system (BESS).