Dexus has agreed terms for one of Australia’s first supply-linked renewable Energy Supply Agreements (“ESA”), which will purchase renewable energy off-site to power the base building services of more than 40 buildings in its New South Wales property portfolio. This will be achieved through the procurement of renewable energy generation and presents a new lever for Dexus and the property industry to achieve net zero emissions.
Dexus, Australia’s largest office landlord, and Red Energy, which is 100% owned by Snowy Hydro, have signed a Memorandum of Understanding for a seven-year renewable ESA, to commence from January 2020.
The ESA is a key pillar in Dexus’s New Energy, New Opportunities strategy which aims to eliminate emissions from its portfolio and create value for Dexus’s customers and investors.
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