Charter Hall signs renewable PPA with ENGIE Australia & New Zealand
Charter Hall Group has signed a significant power-purchase agreement (PPA) with global renewable energy giant ENGIE Australia & New Zealand to supply 100 percent electricity from renewable sources across the group’s property portfolios for seven years.
The PPA provides for the procurement of 151 gigawatt hours 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.
“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,” said David Harrison, managing director and CEO of Charter Hall. “This will deliver long-term benefits and mutual success to our partners, customers, communities and the planet.”
Harrison said the PPA will reduce Charter Hall’s carbon emissions by 70 percent when the partn