Singtel eyes buying renewable energy from Australia

It expects to land a deal by mid-2020.

Southeast Asia’s biggest wireless carrier, Singapore Telecommunications, is eyeing to cut its carbon footprint by turning to renewable energy in Australia, according to Bloomberg.

The 140-year-old company will sign an agreement by mid-2020 to purchase renewable power in Australia, a market that accounts for half of the telecommunications firm’s revenue, according to Andrew Buay, head of sustainability at SingTel group.

The economics of using renewable energy in Australia is “at par or is better” than power generated from fossil fuels, Buay says in an interview.

SingTel aims to achieve its goal to become carbon neutral by 2050, and the planned Australian pact will help the company meet as much as a fifth of the electricity needed to power its wireless networks in the country.

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