Snowy Hydro owned Red Energy will provide off site renewable energy to more than 40 Dexus buildings in New South Wales through a new deal signed on Thursday.

The real estate group Dexus claims the seven year deal is one of Australia’s first supply linked renewable energy supply agreements.

Starting in 2020, the deal will cover 50 percent of the energy load with the option to extende that 100 percent. The company expects to source more than 300 gigawatt hours of renewable energy to power the base building services of the 40 buildings.

Source: The Fifth Estate
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