August 4 (Renewables Now) – Australian property funding administration firm Constitution Corridor Group will procure wind and photo voltaic electrical energy from Engie Australia & New Zealand as a part of a plan to modify to 100% renewable power to energy its operations.
The businesses have signed an influence buy settlement (PPA) that may see Constitution Corridor obtain 151 GWh of electrical energy yearly for 152 of its properties over a seven-year interval, the Aussie agency mentioned on Wednesday. The contracted energy quantity is the same as the electrical energy consumption of about 26,000 common properties per yr.
The deal will come into impact in 2024.
The photo voltaic and wind era will come from a mixture of native tasks, together with Engie’s 119-MW Willogoleche wind farm in South Australia and the 214-MW Woolooga photovoltaic (PV) farm in Queensland of Lightsource bp. The opposite websites are but to be introduced.
“Not solely will this PPA cut back Constitution Corridor’s carbon emissions by 70 per cent when the partnership turns into energetic in 2024, it is going to additionally guarantee we stay on-track to succeed in web zero carbon in operation (Scope 1 and a couple of), on or earlier than 2030,” mentioned Constitution Corridor’s managing director and CEO David Harrison.
The Aussie property investor is in search of to energy all of its websites solely with renewable power by 2025. The corporate can be investing in photo voltaic tasks and has 41 MW of put in capability, in keeping with its 2021 sustainability report.