The company this week announced a deal with Munna Creek Solar Farm Investments. Under the agreement, Telstra will buy half of the output of the 120MW Munna Creek Solar Farm outside Gympie in Queensland.
Mytilineos, which owns four solar farms across Australia, acquired the 470-hectare project earlier this year from Renewable Energy System Technologies Pty Ltd (REST Energy). Construction on the farm began over the summer
“Partnering to help get more renewable energy projects off the ground is one of the ways we’re playing our part to build a more sustainable future and cleaner energy for Australian homes,” Telstra group executive Kim Krogh Andersen said on LinkedIn. “This adds to the more than $1.1bn worth of renewable energy projects we’ve supported across Queensland, Victoria and New South Wales.”
Telstra is targeting to meet 100 percent of its power consumption with renewables by 2025, and by 2030.
This is the company’s fifth PPA. Last year it signed a PPA to with Ark Energy to procure from the 923.4MW MacIntyre Wind Farm in Queensland. The company has previously signed deals with RES Australia to procure the outpost of a solar farm in Queensland, a wind farm in Victoria, and a wind farm in New South Wales.
