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The wine maker has agreed a 10-year PPA with Flow Energy for more than 9,000MWh of power each year at its New South Wales asset.
High energy prices are eating up increasing amounts of farmers' cash at a time when policy is in flux, warn two distinct pieces of research.
The fund will invest primarily in startups transforming renewable raw materials, one focus being the conversion of agricultural waste or C02 to renewable end-products.
The California Energy Commission will provide an additional $5 million in December 2017 for the execution phase of the project, but it will require a $5 million match from additional investors.
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