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IFM Investors and QIC breathe life into new renewable-energy program
MARCH 8, 2022

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IFM Investors and QIC breathe life into new renewable-energy program

by Released

IFM Investors and QIC have jointly led a new renewable-energy program — the largest multi-asset, multi-state program of its kind in Australia — which will help reduce electricity costs and greenhouse-gas emissions at key Australian airports, ports, energy utilities, roads and hospitals.

Renewable Energy Hub designed and executed the scheme of large-scale power-purchase agreements (PPAs), which will be delivered in three stages. The program will facilitate the supply of more than 400 gigawatt hours of renewable energy per year by 2025.

Stage 1 of the program will cover seven critical infrastructure assets across New South Wales and Victoria, including Melbourne Airport, NSW Ports, Southern Cross Station, Ausgrid, Nexus Hospitals, NorthWestern Roads Group’s WestLink M7 and Transurban’s CityLink, which has also joined the program.

In the first stage, these assets are expected to collectively procure 132 gigawatt hours of renewable energy per year. By 2025,

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