Australian Airports Join A$700m Renewable Energy Pact [Yahoo! Finance Canada]
IBERDROLA SA S/ADR (IBDRY)
NASDAQ:AMEX Investor Relations:
iberdrola.com/shareholders-investors
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The power purchasing deal covers Sydney and Adelaide airports, the port of Melbourne, oil and gas company Lochard Energy Group Plc, and a network of medical and health facilities across the country. ADVERTISEMENT Clean energy firms Iberdrola SA and Squadron Wind Energy Development Pty are set to join others in supplying 500 gigawatt hours of power a year under agreements ranging from seven to nine years. IFM Investors Pty and QIC Ltd., two of Australia's largest infrastructure funds, helped broker the deal, which is in its final stage, as investors race to cut emissions across their portfolios. The government has proposed new laws to be phased in from next year that will require large businesses and financial institutions to disclose information such as greenhouse gas emissions and reduction targets. “Importantly, it provides a blueprint to help more infrastructure assets switch to renewable energy and accelerate the sector's emission reduction effo
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