Cooper Energy Limited
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Cooper Energy Limited is a leading Australian oil and gas exploration and production company that has been operating in the energy sector for over two decades. The company is committed to providing reliable and affordable energy solutions to its customers while also taking steps to reduce its carbon footprint and promote sustainable practices.
Cooper Energy Limited has a strong focus on decarbonisation and is committed to reducing its greenhouse gas emissions. The company has set ambitious targets to reduce its carbon emissions by 50% by 2030 and achieve net-zero emissions by 2050. To achieve these goals, Cooper Energy Limited has implemented a range of measures, including investing in renewable energy and exploring new technologies to reduce emissions.
One of the key ways that Cooper Energy Limited is promoting decarbonisation is through its investment in renewable energy. The company has recently announced plans to develop a 5MW solar farm at its Casino gas project in Victoria. The solar farm will provide renewable energy to power the gas processing plant, reducing the need for fossil fuels and lowering the project's carbon footprint.
In addition to its investment in renewable energy, Cooper Energy Limited is also exploring new technologies to reduce its emissions. The company is currently investigating the use of carbon capture and storage (CCS) technology to capture and store carbon dioxide emissions from its operations. CCS technology has the potential to significantly reduce emissions from the energy sector and is seen as a key tool in the fight against climate change.
Cooper Energy Limited is also committed to promoting sustainable practices in its operations. The company has implemented a range of measures to reduce its environmental impact, including reducing waste and water usage, and promoting biodiversity in its operations. The company has also established a corporate energy team to oversee its energy strategy and ensure that it is aligned with its sustainability goals.
One of the key initiatives of Cooper Energy Limited's corporate energy team is the implementation of corporate power purchase agreements (PPAs). PPAs are agreements between a company and a renewable energy provider to purchase a certain amount of renewable energy at a fixed price over a set period. PPAs are becoming increasingly popular among companies looking to reduce their carbon footprint and promote renewable energy.
Cooper Energy Limited has signed a number of corporate PPAs with renewable energy providers, including a 12-year agreement with Tilt Renewables to purchase the output from the 80MW Salt Creek Wind Farm in Victoria. The PPA will provide Cooper Energy Limited with a reliable source of renewable energy and help the company to achieve its decarbonisation goals.
Overall, Cooper Energy Limited is a leading Australian energy company that is committed to promoting sustainable practices and reducing its carbon footprint. The company's focus on decarbonisation, investment in renewable energy, and use of corporate PPAs demonstrate its commitment to promoting sustainable energy solutions and reducing its impact on the environment.