Another piece of good news – renewable energy for much less than the wholesale electricity price!

The ambitious renewable energy-focused power retailer Powershop Australia has signed a huge deal for the output of a 200MW solar farm and
two big wind farms, after being “stunned” by the low prices offered after it went to market for proposals last year.

“We have gotten an overwhelming response from the market,” McManus told RenewEconomy. “I can’t disclose the price but I am happy to tell you that prices we are getting these PPAs at is well below wholesale price of energy.

“We will prove to people that renewables is the cheapest form of generation, because we will be able to pass on corresponding lower prices
to customers”

Read more: Powershop signs huge deal for solar, wind projects – “stunned” by low prices | RenewEconomy