The milestone underpins a first-of-its-kind 25-year green energy deal and secures the precinct's net zero future through to 2050. The Green Product Purchase Agreement (GPPA) with CleanPeak Energy is described as one of the largest long-term renewable energy procurement agreements in NSW history. It also coincides with Barangaroo marking its 10th consecutive year of carbon neutral certification under the federal government's Climate Active program.

THE GREEN PRODUCT PURCHASE AGREEMENT

Aligned with the NSW Electricity Infrastructure Roadmap, the GPPA delivers new renewable energy generation in NSW, supporting a reliable electricity network and helping transition the state to clean energy.

The GPPA is not a traditional electricity supply contract, it secures renewable energy certificates centrally, allowing Barangaroo to benefit from renewable energy generation supplied into the NSW electricity network without requiring individual tenants to negotiate separate arrangements.

The agreement represents a $48 million investment in a sustainable future and is funded entirely through Barangaroo residents and businesses, at no cost to taxpayers.

CleanPeak Energy Chief Executive Officer Philip Graham says completing the fourth and final solar farm represents a defining milestone in the long-term partnership with the NSW Government.

“Completing the fourth and final solar farm is a defining milestone in this long-term partnership with the NSW Government. Together, we’ve delivered new renewable generation capacity that not only supports regional communities and jobs, but also underpins the transition to a cleaner energy future for NSW.”