LOGOS and Solar Bay partner to establish huge rooftop solar installation at Sydney’s Moorebank Logistics Park
LOGOS and a consortium of heavyweight pension funds have unveiled a 30-year partnership with renewables fund Solar Bay to establish Australia’s largest rooftop solar installation.
Asia-Pacific logistics specialist LOGOS and a consortium of heavyweight pension funds have unveiled a 30-year partnership with renewables fund Solar Bay to establish Australia’s largest rooftop solar installation.
Solar Bay is a renewables fund with capital partners that focus on decarbonisation, such as Skip Capital, Grok Ventures and Soletto.
The nation’s largest intermodal freight facility, Moorebank Logistics Park in Sydney, will host a precinct-wide solar micro-grid that will allow its tenants to run their operations wholly on renewable energy.
MLP is anticipated to be able to generate enough clean energy to power about 40,000 homes in NSW, eliminating an estimated 67.2 kilotonnes of CO2 emissions annually.
In the next three years, MLP has been approved to build out more than 800,000sq m of roof space that will house about 120,000 solar panels installed by Solar Bay, capable of generating up to 130MW of rooftop solar and 183GWh of electricity a year.
The rooftop solar and battery energy storage will supply the network and MLP tenants such as Catch Of The Day and Qube with renewable energy, and help tenants achieve a carbon-neutral mandate.
Since its acquisition, LOGOS has built four warehouses at MLP and another four are under construction.
LOGOS head of Australia and New Zealand Darren Searle said the implementation of the green infrastructure at MLP would accelerate their achievement of green scale and ensure operations are running at net-zero emissions by the time the site is fully developed in 2030.
“The impacts of the infrastructure that we will develop with Solar Bay at MLP will extend far beyond the site itself and play a key role in the state, regional and local economies given the size, scale and influence of our market-leading site,” he said.
In the later development stages of the micro-grid, solar power will be used for electric truck fast charging, thermal storage, hydrogen generation and supply, and other related low emission infrastructure.
Solar Bay’s investment director James Doyle said with over 800,000sq m of rooftop solar possible, the renewable infrastructure at MLP will be able to assist in the decarbonisation of transport and use surplus generation to produce low emission fuels like Hydrogen.
“Solar Bay is the renewables fund of Scott Farquhar’s Skip Capital – responsible for leading energy infrastructure across Australia and NZ,” he said.
LOGOS with consortium partners AustralianSuper, AXA IM Alts, Ivanhoé Cambridge and TCorp (NSW Treasury Corporation) completed a $1.67bn acquisition of MLP in December 2021.
The estimated value of MLP by the time the site is fully developed is $4.2bn, and it will be Australia’s largest logistics warehousing infrastructure project.
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