Infrastructure NSW has recently concluded a positive milestone with the finalisation of a $48 million green product purchase agreement (GPPA), promising the construction of at least four solar farms to advance Barangaroo precinct’s emission reduction goals.
Under the agreement, INSW partnered with CleanPeak Energy, an Australian renewable energy developer, to supply green products to Barangaroo precinct for 25 years at a fixed and competitive rate, effectively mitigating emissions from the precinct’s grid-supplied electricity use.
In alignment with the NSW Government’s Net Zero Plan, the GPPA not only facilitated the construction of more than four solar farms in regional NSW but also supported broader objectives of emissions reduction, economic growth, and regional employment opportunities.
Barangaroo, with its longstanding commitment to being a Climate Positive precinct, achieved its fourth consecutive carbon-neutral certification from the Commonwealth Government’s Climate Active program earlier this year, according to information available on the precinct’s website.
INSW highlighted that the purchase of green products is funded by levies collected from Barangaroo’s building owners, demonstrating a collaborative effort in supporting environmentally responsible initiatives.
“By entering into this groundbreaking agreement, Barangaroo has ensured both its carbon neutrality and a sustainable energy future for the long term,” INSW outlined in a release.
CleanPeak Energy’s development of solar farms in regional NSW is anticipated to contribute over 50GWh of clean energy to the state’s renewable energy supply.
The construction of the first two solar farms is set to commence early next year near Moama and Hay, with additional projects in the pipeline.
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