Media Release

May 2015

The sun shines on Tyrrell’s Wines

Sunlease, a Solgen Group company, today announced that it is nearing completion of the Tyrrell’s Wines 350kW solar photovoltaic installation, one of Australia’s first commercial solar power purchase projects.

Tyrrell’s Wines, a 5th generation Australian family-owned business located in the Hunter Valley, has an impressive history dating back to 1858.

Managing Director of Tyrrell’s Wines, Bruce Tyrrell said: “We are very happy to add another milestone to the Tyrrell’s history book with the installation of the solar power system at the vineyard. Renewable energy is something we feel very strongly about, and we are happy to be able to keep on producing award-winning wines, powered by the sun.”

Mr Tyrrell continued, “Through a purchase power agreement with Sunlease, I did not pay any up-front fees for the installation of the system. I can also look forward to paying a fixed amount per kWh for the winery’s energy consumption for the next 20 years. In my view, this is a stable opportunity for the business.”

Sunlease will own the 350kW solar array and will sell the output at a fixed cost directly to Tyrrell’s Wines for the term of the agreement.

Sunlease Director David Naismith said the company is “proud to have worked directly with Tyrrell’s Wines on such an iconic project for the industry”.

“As a group, we continue to pursue opportunities for our customers that make financial sense over the long-term. Through Sunlease, we’re investing in on-site solar power generation for our customers so they can purchase power at fixed rates, lower than the grid. The long-term savings potential is enormous.”

Designed and constructed by Solgen Energy, the solar power system is expected to generate approximately 563 Megawatt hours each year and offset a significant portion of electricity for the operating infrastructure of the vineyard. Based on preliminary assumptions, Tyrrell’s Wines will realise savings of around 26% against the standard utility costs, otherwise payable for day-time electricity over the 20 year period.

The official opening of the solar power system will take place on Friday, 5 June 2015 at the Tyrrell’s Wines Vineyard in Pokolbin, NSW.

For further information on Sunlease and the benefits of a purchase power agreement for your business, please visit  www.sunlease.com.au.

About Sunlease

Sunlease is a Solgen Group company and provides large commercial customers and government clients the opportunity to purchase solar power at a fixed long-term rate with no up-front costs. To find out how Sunlease can benefit your business call 1300 660 219 or visit our website and complete our enquiry form.

About the Solgen Group

Solgen Energy the flagship business behind the Solgen Group is a leading commercial solar engineering, procurement and construction (EPC) group. With unrivalled experience in the design and construction of commercial-scale solar electric systems for government and businesses across Australia, Solgen Energy has completed many of Australia’s most iconic solar projects. Further information can be found at:  www.sunlease.com.au.