HOW IT WORKS
L’Oréal’s Australian renewable energy targets will be met by a combination of green energy supplied through our Willogoleche Wind Farm
and the purchase of large-scale certificates from Willogoleche which help underpin new investment in renewable energy.
By committing to a 5 year power purchase agreement (PPA
) through our retail arm, Simply Energy
, L’Oréal Australia will experience many benefits. Not only will they be powered by 100% renewable energy, they will also enjoy long-term affordability, improved price visibility and expense certainty.
WHY WE BELIEVE PPAS ARE THE WAY OF THE FUTURE
ENGIE is committed to a future powered by renewable energy and we’re exploring all kinds of innovative solutions to achieve this goal.
PPAs are great because they deliver real cost savings to customers while supporting the transition to renewables – a win for both business and the environment.
Often, steps taken to improve efficiency come at a cost, requiring an initial investment to be paid back over the long term. But PPAs require no upfront investment by the customer and the savings and benefits to the environment start at day one.