❓ A WA parliamentary question probes the details of Power Purchase Agreements (PPAs) for renewable energy projects, Synergy's LRET strategy, and potential alternative market approaches. Several questions were unanswered citing commercial confidentiality or requiring clarification.
AnsweredQoN 4013Legislative Assembly
Asked
11 September 2018
Member
Portfolio
Treasurer; Minister for Finance; Energy; Aboriginal Affairs
QuestionView source ↗
(1) What is the current Power Purchase Agreement term for each the Greenough River Solar Farm and the Albany Grasmere Wind Farm? (2) If answer to (1) is beyond 2030 for either project; what is the justification for this term? (3) Can Synergy confirm that if Bright Energy Investments was not constrained by contracted versus uncontracted revenues the Power Purchase Agreement price to 2030 would be less? (4) Why is the Government building up to 210MW of additional capacity in an oversupplied market? (5) Has Synergy considered writing a bundled Power Purchase Agreement on the National Energy Market to sell the energy at a profit and attain Large-scale Generation Certificates (LGCs) at no cost? (6) If no to (5), what is the reason this has not been considered?
AnswerView source ↗
Answered
11 October 2018
Response time
8 days
(1) This information is commercial in confidence.
(2) This information is commercial in confidence.
(3) Please provide further clarification about this question, it is not clear what the question is asking for.
(4) Synergy has an obligation to meet its Large Scale Renewable Energy Target (LRET) obligations. After a detailed assessment of the options by which Synergy could achieve its LRET commitments, it was determined that the construction of new renewable plant in partnership with private equity within the SWIS was the best commercial decision for Synergy and the State.
(5) Yes
(6) Not applicable
(2) This information is commercial in confidence.
(3) Please provide further clarification about this question, it is not clear what the question is asking for.
(4) Synergy has an obligation to meet its Large Scale Renewable Energy Target (LRET) obligations. After a detailed assessment of the options by which Synergy could achieve its LRET commitments, it was determined that the construction of new renewable plant in partnership with private equity within the SWIS was the best commercial decision for Synergy and the State.
(5) Yes
(6) Not applicable
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