Westpac revealed the solar off-take deal alongside news it had signed up to the global RE100 movement, becoming the fourth Australian company and the third major bank to do so.
The PPA commits Westpac to purchase just over a quarter of the 120MW solar farm’s output under a 10 year agreement covering both the electricity and LGCs.In an interesting twist to the deal, the $188 million Bomen solar project was at around the same time bought by major network owner Spark Infrastructure, as a first move beyond owning regulated network assets and into renewables.
For Westpac, the deal puts the big-four Australian bank well on the path to 100 per cent renewables, delivering a 45 per cent transition by 2021 for the bank globally.“We see our move towards the use of renewable energy in our operations as being key to delivering on our existing climate change and sustainability commitments,” said Westpac chief operating officer Gary Thursby
“When it comes to renewable energy, the advancement of technology and reduction in cost has presented a great opportunity to make this transition in a cost effective way.”
Hi, my name is julien
I’m French and I want to work in solar farm. I’m in Australia and I want to stay one year more. I’m in working holiday visa and I need to work 3 months in a specific job. Is for that I contact you because I wan to work in solar farm. My English is not perfect. I have already my white card.
Thanks to take time to read my message.
Envoyé de mon iPhone
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