Charter Hall signs long-term renewable energy supply agreement with ENGIE
Share this page
LINKEDIN
FACEBOOK
TWITTER
EMAIL
2 mins
Share
By proceeding you confirm that you are a resident of Australia or New Zealand accessing this website from within Australia or New Zealand and you represent, warrant and agree that:
- you are not in the United States or a “U.S. person”, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“U.S. Person”), nor are you acting for the account or benefit of a U.S. Person;
- you will not make a copy of the documents on this website available to, or distribute a copy of such documents to, or for the account or benefit of, any U.S. Person or any person in any other place in which, or to any other person to whom, it would be unlawful to do so; and
- the state, territory or province and postcode provided by you below for your primary residence in Australia or New Zealand are true and accurate.
Unfortunately, legal restrictions prevent us from allowing you access to this website. If you have any questions, please contact us by e-mail by clicking on the link below.
Charter Hall Group (Charter Hall or the Group) is pleased to announce it has signed a significant Power Purchase Agreement (PPA) with global renewal energy giant ENGIE Australia & New Zealand, to supply 100 per cent electricity from renewable sources across the Group’s property portfolios, over seven years.
The PPA provides for the procurement of 151GWh of renewable energy per annum from state-based wind and solar renewable energy projects. This is the equivalent of powering about 26,000 average homes with renewable electricity, each year.
Charter Hall Managing Director & CEO, David Harrison, said, “At Charter Hall, we are leveraging our platform-wide scale and ENGIE’s world-leading renewable power capacity to unlock value and secure competitively priced, renewable electricity. This will deliver long-term benefits and mutual success to our partners, customers, communities and the planet.”
“Not only will this PPA reduce Charter Hall’s carbon emissions by 70 per cent when the partnership becomes active in 2024, it will also ensure we remain on-track to reach net zero carbon in operation (Scope 1 and 2), on or before 2030.
“Further, our investment in procurement of renewable electricity will assist Australia’s transition to a low carbon economy and accelerate the industry’s growth and potential to secure new and improved renewable technologies, to benefit generations to come,” said Mr Harrison.
The PPA will provide 151GWh of wind and solar power annually to 152 Charter Hall sites, from ENGIE’s Willogoleche Wind Farm, Lightsource bp's Woolooga Solar Farm and other assets, soon to be announced.
ENGIE Australia & New Zealand CEO, Andrew Hyland, said, “We are delighted to partner with Charter Hall on their journey towards net zero, and bring them our proven expertise in risk and assets management, delivered through our Global Energy Management & Sales (GEMS) team. Innovative, long-term agreements such as this market-leading PPA with Charter Hall also support investment in new, renewable energy capacity, which is a priority for ENGIE.”
Charter Hall is ranked 8th of 200 Climate Leaders Asia Pacific 2022 (Financial Times/Nikkei).
.tmb-news.jpg?sfvrsn=8a256a96_1 "ASX Announcement")
Talk to us
Thanks for your interest in Charter Hall. Fill in your details below and we’ll get back to you as soon as possible.
I am interested in
Enquiry
*Indicates that this field is required.
All personal information submitted will be treated in accordance with our privacy policy.
By registering and/or submitting personal data to Charter Hall, you agree that, where it is permitted by law and in accordance with our Privacy Statement or where you have agreed to receive communications from us, Charter Hall may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.
Talk to us
Thanks for your interest in Charter Hall. Fill in your details below and we’ll get back to you as soon as possible.
I am interested in
Enquiry
*Indicates that this field is required.
All personal information submitted will be treated in accordance with our privacy policy.
By registering and/or submitting personal data to Charter Hall, you agree that, where it is permitted by law and in accordance with our Privacy Statement or where you have agreed to receive communications from us, Charter Hall may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.
-
© Charter Hall Group, 2023.
- Terms of Use
- Privacy Policy
- Complaints Guide
- Feedback
