Four major shopping centres in Brisbane and the Gold Coast are going green after entering a deal with CS Energy to source 100% of their electricity needs from renewable energy.
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The retail agreement with AMP Capital covers Indooroopilly Shopping Centre, Gasworks and Brickworks, along with other real estate assets managed by AMP Capital in Queensland. The deal also applies to Pacific Fair Shopping Centre, which is now managed by The GPT Group.
Energy, Renewables and Hydrogen Minister Mick de Brenni said the seven-year deal was CS Energy’s first 100% renewable energy contract and marked the acceleration of its diversification in response to customer demands.
“We know that consumers are demanding action on climate, now shoppers at these Queensland icons will be able to enjoy the experience knowing they are creating a cleaner environment,” Minister de Brenni said.
CS Energy CEO Andrew Bills said the company was proud to support AMP Capital to achieve their net zero emissions targets.
“CS Energy is responding to the changing needs of large energy users by developing renewable energy product solutions that specifically meet their decarbonisation goals,” Bills said.
“We currently have almost 300MW of contracted renewables in our portfolio to support the requirements of our large commercial and industrial customers.”
CS Energy has an offtake agreement for 100% of the output of the 162MW Columboola Solar Farm, which it is on-selling to AMP Capital and other large commercial and industrial customers.
The deal between CS Energy and AMP Capital covers the following assets:
- Retail: Pacific Fair Shopping Centre (now managed by The GPT Group), Indooroopilly Shopping Centre, Gasworks and Brickworks.
- Commercial: Milton Green (incorporating Cribb Street), 199 Grey Street and Stanley House.
- Industrial/logistics: Acacia Gate Industrial Park.
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The 94GWh/year deal means 61,801 tonnes of CO2-e avoided each year, equivalent to 5,374 houses brought to zero emissions, 21,496 cars taken off the road, and 4,039 hectares of plantation forest.
