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Fujitsu signs first power purchase agreement

Baker McKenzie had advised Fujitsu Australia on the signing of its first power purchase agreement, marking a “key step” towards decarbonising its operations and providing lower-emissions services.

user iconJerome Doraisamy 21 April 2022 Big Law
Fujitsu
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Firm: Baker McKenzie (Fujitsu Australia)

Deal: Fujitsu Australia has signed its first power purchase agreement to offset around 30,000 tonnes of carbon emissions each year with renewable energy sourced from CWP Renewables’ Sapphire Wind Farm.

The transition to renewables, Baker said in a statement, will support the Fujitsu Group’s progress towards its global carbon reduction target of 71.4 per cent by 2030, compared with 2013 levels.

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Area: Energy and resources

Value: N/A

Key players: The Baker team was led by partner Aylin Cunsolo, who was supported by lawyer Aimi Tran.

Deal significance: Speaking about the agreement, Ms Cunsolo said: “From June 2022, the renewable energy purchased annually through this agreement will equate to around 40 per cent of Fujitsu’s data centre load in New South Wales, or about 30 per cent of Fujitsu’s annual Australian electricity consumption. This also equates to the yearly energy needs of approximately 9,000 NSW homes.”

Fujitsu Australia and New Zealand chief executive Graeme Beardsell added: “Fujitsu Australia is proud to be leading Fujitsu globally with this PPA. Our purpose is to make the world more sustainable by building trust in society through innovation, and this agreement is a firm marker of our purpose in action.

“As a large energy user in Australia, we want to use that scale to support renewable energy generation and the NSW regional economy. Data centres are energy-intensive to run and by increasing our sourcing of renewable energy our data centre customers will also benefit from a reduction in their own carbon footprints, specifically their scope three emissions. Looking forward, we will continue to explore opportunities in our region to invest in power purchases from renewable projects.”

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