The firm has helped its long-standing client go green
Baker McKenzie has helped Mars Australia go green.
The maker of M&M’S chocolate, MasterFoods, Extra sugar-free gum, and Pedigree dog food has signed a 20-year power-purchase agreement (PPA) with Total Eren, the renewable energy company.
Under the PPA, Total Eren will generate the equivalent of all Mars’ electricity need from renewable sources by 2020. Total Eren is currently at work on the Kiamal Solar Farm near Ouyen, Victoria, which is planned to go online by mid-2019. The PPA will also allow Total Eren to build another renewable energy project in New South Wales.
Financial details of the PPA were not disclosed.
“The energy procured through the corporate PPA will cover the energy requirements of Mars’ six Australian factories and two sales offices,” said Zoe Hilson, Baker McKenzie’s lead partner on the deal.
The Mars factories are located in Asquith, Ballarat, Bathurst, Wacol, Wodonga and Wyong, while the sales offices are in Melbourne and Sydney.
Paul Currow, who heads the firm’s Asia-Pacific renewable energy and clean technology practice, also acted on the deal. Hilson and he were assisted by special counsel Teresa Ientile, partner Lewis Apostolou, and associates Bryce Clarke, Lauren Drake, and Aditya Shivam.
