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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.
Jerome Doraisamy
Firm: Baker McKenzie (Fujitsu Australia)
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.
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.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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