Telstra: Telstra signs power purchase agreement in Queensland, Australia

Oct 05, 2023 | Posted by Abdul-Rahman Oladimeji

Australian telecommunications firm Telstra has signed a power purchase agreement with Munna Creek Solar Farm investment to support the development of the 120 MW Munna Solar Farm undergoing construction near Gympie in southeast Queensland. Following this agreement, Telstra will buy half of the output generated by this solar plant. 

Mytilineos, which acquired the 470-hectare project from Renewable Energy System Technologies Pty Ltd (REST Energy), owns four solar farms across Australia. This agreement also marks Telstra’s fifth PPA, taking it closer to its goal of meeting 100% of its power consumption with renewables by 2025.

 Kim Krogh Andersen, a Telstra group executive, wrote on LinkedIn, “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. This adds to the more than $1.1bn worth of renewable energy projects we’ve supported across Queensland, Victoria, and New South Wales.”

He added, “We’ve supported more than $1.1 billion worth of renewable energy projects across Queensland, Victoria, and New South Wales (NSW) as a way to reduce Australia’s reliance on non-renewable energy from fossil fuels. Once these projects are fully up and running, our share of their renewable energy output will be equivalent to more than 80% of our consumption.”