Jun 15 2009
Building on its leadership position in the delivery of sustainable property solutions, Lend Lease today announced a supply agreement with First Solar, Inc.,(Nasdaq:FSLR) one of the world’s leading solar technology providers. Lend Lease’s project management and construction business, Bovis Lend Lease, has signed a contract with First Solar for the supply of 10 megawatts (MW) of solar panels.
Lend Lease is looking to leverage this relationship across its Australian construction business, as well as its existing development portfolio.
Tony Costantino, Bovis Lend Lease’s Australian CEO, said this relationship is a significant step forward in the provision of solar technology not only for Lend Lease but also Australia.
“We are pleased to be working with First Solar, one of the leading solar companies, and to be entering the solar procurement market. This relationship allows us to meet the growing demands in renewable energy for our clients and ensures that solar energy is a consideration on every project. We look forward to working together on future opportunities.”
Solar energy is the most readily available form of renewable energy in Australia and First Solar’s innovative technology provides access to this abundant resource via the most cost-effective form of photovoltaic (PV) technology available in today’s market.
“First Solar’s panels are perfectly suited for Australia’s climate because they perform better than other PV technologies in high temperatures,” Costantino said.
“First Solar is proud to work with Lend Lease, a company that is clearly dedicated to sustainable solutions,” said John Carrington, First Solar executive vice president of marketing and business development. “We are pleased they have chosen our technology for these projects. Together, we are investing in Australia’s green energy future.”
First Solar will begin supplying the solar panels immediately. Once installed, the solar panels will save approximately 15,000 tonnes of carbon dioxide equivalent (CO2e) from entering the atmosphere per annum—the equivalent of taking approximately 3,500 cars off of the road each year.