Aula Energy has announced the signing of a long-term Power Purchase Agreement (PPA) with Snowy Hydro for the Carmody's Hill Wind Farm in South Australia's Mid North. Under the agreement, Snowy Hydro will procure 120 MW of clean wind energy annually, representing 47% of Carmody's Hill Wind Farm's generation capacity, for a 15-year term.

This announcement marks another major milestone as the project works towards financial close, following its recent success in the Australian Government's Capacity Investment Scheme (CIS) Tender 4. Additionally, the project recently received approval for its Negotiated Generator Performance Standards (NER 5.3.4A) from ElectraNet and AEMO.

Project Specifications and Location

Located near Georgetown in South Australia's Mid North, Carmody's Hill Wind Farm will deliver 256 MW of clean wind energy through 42 turbines and a 275kV transmission line. The project has been shaped by extensive community consultation and is designed to deliver long-term economic and social benefits to the Georgetown, Gulnare, Caltowie, Bundaleer, Washpool, Gladstone, and Nukunu communities.

A dedicated Community Benefit Fund will support local initiatives throughout construction and operations. The project developers have expressed gratitude to these communities and the project landowners for their continued support and feedback.

Executive Leadership Perspectives

Chad Hymas, CEO of Aula Energy, emphasised the importance of enduring strategic customer relationships to help lead Australia's energy transition faster, smarter, and with shared value for all. “Securing this PPA with Snowy Hydro is a major step forward for Carmody's Hill Wind Farm and for our commitment to deliver reliable, renewable energy in South Australia. Snowy Hydro's leadership in the energy market reflects their position as a key customer driving change as we work towards a sustainable future,” Hymas stated.

Hymas further commented that “As long-term owner and operator of renewable energy projects, Aula Energy will continue to work with customers as both the market and their growth needs change over the long term.”

Dennis Barnes, CEO of Snowy Hydro, provided his perspective on the agreement: “South Australia is a leader in Australia's energy transition, and this agreement with Aula Energy reflects our confidence in the quality and strategic importance of Carmody's Hill Wind Farm and the South Australian market.”

Barnes explained Snowy Hydro's strategic position: “Our unmatched mix of on-demand power and pumped hydro energy storage is what makes renewables work, enabling three times the clean wind and solar to come online. This new contract enhances our role as an end-to-end generator and retailer, supporting the strong growth of Snowy's retail brand, which now serves more than 1.6 million retail customers.”

Company Background

Aula Energy is described as a new Australian-headquartered renewable energy business that plans to develop and operate onshore renewable energy projects across Australia. The company was established by Macquarie in 2023 and brings together a proud Australian heritage, a specialist team with decades of experience in onshore renewables, and a shared mission to provide energy for the future.

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