Baker McKenzie has successfully advised global biotechnology leader CSL in successfully signing a renewable-linked Power Purchase Agreement (PPA) with Australian energy provider, AGL.
AGL was awarded the contract after an extensive review of the energy market. The agreement will significantly advance CSL's Scope 1 & 2 emissions reductions with all electricity used by CSL's Australian manufacturing sites matched by renewable electricity certificates. The PPA includes a provision that gives preference to generators located in Victoria to drive investment in local renewable electricity generation in CSL's home state.
Baker McKenzie's lead partner, Aylin Cunsolo stated: "This is a 7-year agreement to procure from AGL electricity that is 100 per cent matched by renewable electricity certificates. Initially, AGL will provide Large Scale Generation Certificates that are expected to be generated from the Macarthur Wind Farm located in Victoria. The deal underpins our client, CSL's deep commitment to be at the forefront of energy transition and more generally, supports renewable energy generation in Australia."
Aylin was supported by a Baker McKenzie team comprising: Lewis Wolfe and Aimi Tran.
Baker McKenzie has long been a leader in delivering PPAs for some of the world's leading companies, operating in Australia. Recent brands include: Mars, Fujitsu and ALDI.