Telstra has announced it has signed a Power Purchase Agreement with Global Power Generation for a $130 million solar farm to be constructed in the Bundaberg Region.
The project is expected to generate enough renewable energy to power around 30,000 homes, contributing to nationwide efforts to achieve 82% renewable energy by 2030.
It will secure Telstra up to 153 GWh per annum of renewable energy output to the grid.
The agreement means Telstra is now contracted to enable renewable energy generation equivalent to 100 per cent of its consumption by 2025, one of its three major climate goals.
Telstra CEO Vicki Brady said partnering to help get more renewable energy projects off the ground is just one of the ways Telstra is working to help decarbonise Australia's economy.
“We're committed to playing our part in building a more sustainable future and providing cleaner energy for Australian homes,” she said.
“Investments like these also help boost regional employment, with this project expected to create over 100 jobs during the 12-18 months construction phase.”
Vicki said Telstra to date has supported more than $1.2 billion worth of renewable energy projects across Queensland, Victoria, and New South Wales to help decarbonise Australia's electricity grid.
“Once these projects are fully up and running, our share of their renewable energy output will be equivalent to our own electricity consumption,” she said.
“We also have a significant focus on reducing our own emissions and working with our customers, business partners and suppliers to support their emissions reduction efforts.
“As of June , we have reduced our combined scope 1 and 2 emissions by 30% and our scope 3 emissions by 28%, from a FY19 baseline.”
Telstra's climate and energy targets include:
- Enable renewable energy generation equivalent to 100% of their consumption by 2025.
- Achieve at least a 50% reduction in absolute greenhouse gas (GHG) emissions from a FY19 baseline by 2030.
- Achieve net zero GHG emissions by 2050, in line with the Paris Agreement.