Allens advises Orora on corporate PPA

Allens has acted for Orora Limited on its long term power purchase agreement (PPA) with global renewable energy provider, Pacific Hydro.

Under the terms of the agreement, Orora will acquire renewable energy from Pacific Hydro's Clements Gap wind farm for Orora's electricity demand for its South Australian operations, including the Gawler Glass facility.

Commenting on the PPA, partner Kate Axup said the work with Orora builds on the experience the Allens team has negotiating corporate PPAs, which are an emerging trend in the Australian renewable energy market.

'Corporate PPAs are helping large consumers of electricity to hedge their exposure to high electricity prices, at the same time as adding to their green credentials. This emerging form of PPA in the Australian market is great for both generators and large customers'.

'We were delighted to work with the team at Orora on this important step ', Kate said.

Orora is a leading packaging solutions business.

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