This article is from the Australian Property Journal archive
LEND Lease has launched a new dedicated renewable energy business, Lend Lease Solar.
Lend Lease Solar will utilise its integrated property capabilities to develop and deliver solar Photovoltaic installations across the residential, commercial and energy generation sectors.
Products will range from domestic installations to large solar power stations exceeding $500 million in value. Lend Lease Solar has established supply partnerships with US-based First Solar, which is the largest manufacturer of thin film PV panels in the world, and Norwegian-based REC, the world’s third largest Solar PV company, which will provide silicon PV panels.
The company is also involved in two of the four shortlisted PV proponents for the Federal Government’s Solar Flagships Program for the country’s first solar power stations.
Bovis Lend Lease’s Australia managing director Australia Tony Costantino said the Australian Government’s Renewable Energy Targets legislation will require an investment of some $60 billion over the next 10 years to achieve its target.
“We believe solar PV will be a key contributor to the RET especially with the solar credits regime and feed-in tariffs available in most states.
“There are over six million detached dwellings in Australia and less than 100,000 of those have solar. With energy prices predicted to increase 20 per cent year-on-year over the next three to five years, we see enormous potential in the solar PV market,” he added.
The new entity will be headed up by long term Lend Lease executive, Chris Carolan who was instrumental in the project teams which delivered Australia’s first 5 and 6 star Green Star as-built ratings for 30 The Bond and The Gauge and also acted as Project Director for the ANZ Centre in Melbourne which is now considered one of the leading green buildings in the world.
Australian Property Journal
