BOC Australia and Zen Energy agree to 10-year renewable supply deal
BOC will replace more than 45 per cent of its grid power use in Queensland, NSW and Victoria with solar energy across the term of one of Australia’s largest multi-state Electricity Retail Agreements (ERA).
Through an innovative tri-party deal with Zen Energy and ACEN Australia, the ten-year ERA involves supplying BOC’s energy needs on the eastern seaboard up to 2035. The deal is supported by a Power Purchase Agreement (PPA) that will see ZEN purchase approximately 23 per cent of the solar generation from ACEN’s 400 MW New England (Stage 1) Solar Farm in NSW.
The new agreement enables BOC Australia to reduce its current carbon emissions by more than 40 per cent by 2035. BOC is a subsidiary of Linde, which has a target to reduce its global emissions 35 per cent by 2035.
“This agreement supports Linde’s global target to reduce its Scope 2 emissions by gradually increasing our use of renewable energy,” said the Managing Director of BOC South Pacific, Theo Martin.
“In addition to lowering BOC’s emissions in Australia, it will also help our customers become more efficient and decarbonise their operations by supplying industrial gases which have a lower carbon intensity at a competitive price.”