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Woolworths enters into its 1st corporate PPA
Supermarket giant Woolworths has been advised on its first corporate power purchase agreement for a wind farm 30 kilometres north of Yass in NSW.
Jerome Doraisamy
Firm: Ashurst (Woolworths).
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Deal: Woolworths has entered into its first corporate power purchase agreement, for the offtake of electricity and green products from the Bango 999 Wind Farm in NSW.
This is Woolworths’ first corporate PPA, Ashurst said in a statement, and “will help it achieve its commitment of powering its entire operations with 100 per cent renewable electricity by 2025.”
Value: N/A.
Area: Energy.
Key players: The Ashurst team was led by partner Dan Brown, who was assisted by partners Ratha Nabanidham, Corey McHattan, counsel Douglas Fung and senior associates Tristan Shepherd, Emily Tuffey, Manisha Pannu and Andrew Grant.
Deal significance: Mr Brown said that the firm was “very excited” to have advised the supermarket giant on its first corporate PPA.
“Woolworths is a major Australian retailer and this PPA is a significant development in achieving its goal of being 100 per cent renewable energy powered by 2025,” he said.
“Agreements like this with major corporations will continue driving the energy transition.”
