Close to 60 industry leaders have gathered in Brisbane for a workshop on using corporate renewable power purchase agreements (PPAs) to reduce electricity costs and de-risk operations.

The workshop was hosted by Trade and Investment Queensland and involved large energy users across the mining, utilities, manufacturing and food sectors and other industry.

Trade and Investment Queensland Chief Executive Officer Paul Martyn opened the workshop that provided detailed insights from project developers, energy service providers, energy market and contracting specialists and renewable energy experts.

“Since 2016, the number of corporate renewable PPAs concluded in Australia has grown dramatically as large energy users have sought to manage their energy costs and risks at a time of uncertainty in the national electricity market,” Mr Martyn said.

“By engaging with renewable energy project proponents via a corporate PPA, energy users can take a more active role in managing their energy spend.”

Workshop participants heard that a well-structured, well-designed corporate renewable PPA with an appropriate contracting and pricing model can yield significant savings and provide a hedge against future energy market volatility.

There are also significant sustainability and reputational benefits.

Speakers included Stacey Vacher, Managing Director, Edge Energy Services, Dean Travers, General Manager, ENGIE Renewables Australia and Brad Hopkins, Director, Infrastructure & Projects, KPMG.

Mr Martyn said these types of workshops were just one of the ways that Trade and Investment Queensland, the government’s global business agency, was helping businesses innovate to create new opportunities.

Future industry relevant workshops are being considered and will be promoted on the Trade and Investment Queensland website at www.tiq.qld.gov.au

ENDS

Media Contact:  Greg Sweetnam, Director Corporate Communications, Trade and Investment Queensland 0447 972 744 or greg.sweetnam@tiq.qld.gov.au

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