Telstra signs solar deal
Telstra will rely on a Queensland solar farm to help it achieve 100 per cent renewable energy by 2025.
Telstra has announced a groundbreaking power purchase agreement (PPA) with Global Power Generation (GPG) to construct a solar farm near Bundaberg, Queensland.
The Bundaberg solar farm is slated to commence operations in late 2025, with an expected annual renewable energy output of 153GWh, representing a total investment of $130 million.
The project will also contribute to Australia's target of 82 per cent renewable energy by 2030 and is set to create more than 100 jobs during its 12-18 month construction phase.
In addition to the Bundaberg project, Telstra has inked PPAs with various renewable energy facilities in Queensland, Victoria, and New South Wales.
The company says these agreements will collectively support around 1,300 local jobs during construction and provide ongoing employment opportunities for regional communities.
Telstra's investments in renewable energy projects exceed $1.2 billion and are projected to generate 1.3TWh of electricity by 2025, enough to power 200,000 homes and prevent 750,000 tonnes of emissions annually.
CEO Vicki Brady says Telstra is committed to a sustainable future and the reduction of greenhouse gas emissions by 50 per cent by 2030, covering Scope 1, 2, and 3 emissions.