The contract linked to New England Solar Farm marks a practical step in Evolve Housing’s ESG strategy, with lower common-area electricity costs forecast in the first year.
Australian community housing provider, Evolve Housing, has signed its first renewable energy backed contract with innovative electricity retailer, Flow Power, marking an important step in its commitment to reducing its environmental impact and strengthening long-term sustainability.
Under the Power Renewable contract, 100% of the electricity used in Evolve Housing’s common areas will be linked to an allocation of renewable energy generated by ACEN’s New England Solar Farm. Flow Power announced its 40 MW offtake agreement with New England in 2024, which allows it to provide customers with retail agreements backed by renewable energy generated in their state.
The new contract supports Evolve Housing’s efforts to address electricity-related emissions and puts into practice commitments outlined in its Environmental, Social and Governance (ESG) Strategy.
Alongside the environmental objectives, first year forecasts indicate a reduction in common-area electricity costs, demonstrating how environmental responsibility and financial management can work together.
Lyall Gorman, Group CEO at Evolve Housing, said:
“Signing this contract is a practical step towards embedding environmental and social responsibility into the way we operate.
“Our ESG Strategy is grounded in understanding our impact, taking meaningful action and measuring our progress. Linking our common-area electricity use to renewable generation supports that approach, while the forecast cost savings reinforce the value of considering environmental and financial sustainability together.”
Evolve Housing’s ESG Strategy places residents and communities at the centre of its approach. It identifies reducing the organisation’s carbon footprint, strengthening sustainable procurement and supporting a resilient housing portfolio as key priorities.
The contract with Flow Power demonstrates how everyday operational decisions can contribute to these priorities and support Evolve Housing’s broader purpose: enabling more people in need to live in quality homes in thriving and inclusive communities.
“Responsible management of our resources helps strengthen our organisation for the long term,” Melissa Scardino, Group General Manager, Growth, Governance, Legal & CoSec said.
“As we continue to embed ESG principles across our operations, partnerships like this help us act on our environmental responsibilities while keeping the communities we serve at the heart of our decisions.”
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