Telecoms giant Telstra has inked a power purchase agreement (PPA) with Naturgy’s Global Power Generation (GPG) to secure renewable energy generation for its operations in Australia. The PPA will enable Telstra to obtain power from a 100-megawatt peak (MWp) solar park to be constructed in Queensland by GPG, a subsidiary of Spanish utility Naturgy Energy Group.
By entering into this agreement, Telstra aims to attain renewable energy equivalent to its entire power consumption by 2025. The company plans to develop a solar park near Bundaberg, a city in coastal Queensland, which will generate up to 153 gigawatt-hours (GWh) of electricity annually. With an estimated cost of AUD 130 million (USD 87.2m/EUR 80.1m), the solar park is scheduled to start operations in late 2025.
During the project’s construction phase, more than 100 job opportunities will be created in the Bundaberg area. Telstra’s commitment to this PPA follows a similar agreement signed in September with a unit of Greece’s Mytilineos for 50% of the output from a 120 MW solar project also located in Queensland.
Telstra has set ambitious environmental targets, aiming to reduce its absolute greenhouse gas emissions by at least 50% by 2030. These renewable energy PPAs contribute significantly to the company’s efforts to transition to a more sustainable business model.
By partnering with GPG and Naturgy, Telstra demonstrates its commitment to embracing clean energy solutions and reducing its carbon footprint. These renewable projects not only benefit Telstra but also drive the growth of the renewable energy sector in Australia, contributing to the country’s overall sustainability goals.
Telstra’s strategic focus on renewable energy procurement aligns with the global trend of large corporations adopting renewable energy strategies to combat climate change and meet sustainability targets. As one of Australia’s leading telecom providers, Telstra’s commitment to renewable energy is expected to have a positive impact on the country’s clean energy transition.
As the Telstra-GPG PPA progresses, it serves as a notable example for other organizations considering renewable energy procurement as a means of reducing environmental impact and ensuring a more sustainable future.
Please note: This article has been generated using an AI language model. The information provided may not be completely accurate and should not be treated as factual or relied upon without further verification.
