NAB joins group bid to underwrite wind farm

Original article by Ben Potter
The Australian Financial Review – Page: 8 : 23-Nov-17

The National Australia Bank, Australia Post and the City of Melbourne are among 14 entities that have entered into an electricity-purchase agreement with Pacific Hydro. The agreement, which will see the group acquire 88,000 megawatt hours of energy over the 10 years of the agreement, will underwrite Pacific Hydro’s construction of a wind farm near Ararat in Victoria. NAB chief customer officer Mike Baird says the agreement will help it to meet its goal of getting 50 per cent of its energy needs from renewable sources by 2025.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA POST, CITY OF MELBOURNE, CITY OF MORELAND, CITY OF PORT PHILLIP, CITY OF YARRA, ZOOS VICTORIA, BANK AUSTRALIA, FEDERATION SQUARE MANAGEMENT PTY LTD, RMIT UNIVERSITY, MELBOURNE CONVENTION AND EXHIBITION CENTRE, NEXTDC LIMITED – ASX NXT

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