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CleanCo, BHP strike deal to ‘substantially reduce greenhouse gas emissions’

A five-year deal has been agreed to whereby CleanCo will provide BHP with electricity from renewable sources for the latter’s coal mines in Queensland.

user iconJerome Doraisamy 22 September 2020 Big Law
Baker McKenzie
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Firm: Baker McKenzie (CleanCo).

Deal: CleanCo and BHP have entered into a five-year deal whereby CleanCo will provide BHP with electricity primarily from renewable sources sufficient to provide half the power BHP requires for its coal mines in Queensland.

This will lead to a substantial reduction in greenhouse gas emissions that would otherwise be produced, Bakers said in a statement, given that BHP currently sources 100 per cent of electricity supply from the largely coal-fired Queensland grid. BHP estimates there will be an overall reduction of 1.7 million tonnes in carbon equivalent emissions between 1 January 2021, when the supply agreement kicks in, and 2025, the firm noted.

Value: N/A.

Area: Renewables.

Key players: The Bakers team was led by partners Tanya Denning and Aylin Cunsolo.

Deal significance: “This transaction supports projects which will create high-quality jobs in Queensland, as well as take tangible steps to safeguard Queenslanders’ future by supporting the transition to renewable energy,” Ms Denning said.

“This transaction demonstrates the Queensland government’s role as a crucial participant in the state’s growing renewables market, and Baker McKenzie is delighted to support our client CleanCo from our office in Brisbane, in close collaboration with our national renewable energy team.

“This agreement is an example of a contractual structure that has evolved to support businesses to transform their impacts on climate change, through reducing their greenhouse gas emissions from the electricity they use, while also realising financial benefits,” Ms Cunsolo added.

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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