MYTILINEOS’ Renewables & Storage Development (RSD) Business Unit and QEnergy (part of ION Holdings) have executed a Power Purchase Agreement (PPA) on WePower’s renewable energy procurement and trading platform.

Under the 10-year contract, QEnergy has purchased the energy production from the 18.7MW Wagga 2, the second stage of the Wagga North Solar Farm in New South Wales.

The transaction is based on WePower’s standardised contractual architecture, which not only enables easier transaction execution but also provides offtakers with the ability to offer innovative retail energy products based on this PPA – so-called Retail PPAs.