Dexus - Renewable PPA a transaction advisor (commercial and technical)
State: New South Wales
Deal type: Retail
Technology type: Solar/Wind hybrid
Dexus, a leading real estate group with a property portfolio valued at $31.8 billion, secured one of Australia’s first supply-linked renewable Energy Supply Agreements (ESA) in late 2018. The ESA which commenced in January this year powers the base building services of more than 40 buildings in Dexus’ New South Wales property portfolio. This style of renewable energy agreement presents a new lever for Dexus and the property industry to achieve net zero emissions.
The ESA is a key pillar in Dexus’ New Energy, New Opportunities strategy which aims to eliminate emissions from its portfolio and create value for Dexus’ customers and investors.
David Yates, Executive General Manager for Sustainability at Dexus stated: “The ESA satisfies the demand from customers and investors for more reliable, environmentally responsible energy. “Over seven years, we expect to source more than 300 gigawatt hours (GWh) of renewable energy via this ESA, which is equivalent to the energy consumed by 38,000 households for a year.”
Energetics was engaged by DEXUS to assess the financial value of the offer based on expected future electricity market trends, as well as provide strategic commercial advice on the commercial terms during negotiations with Red Energy.
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