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Lend Lease to launch solar business

Australian property developer Lend Lease has announced the launch of Lend Lease Solar, a dedicated renewable energy business that will seek to establish market leadership in the delivery of high quality solar solutions.

Lend Lease will utilise its integrated property capabilities to develop and deliver solar Photovoltaic (PV) installations across the residential, commercial and energy generation sectors. Products will range from domestic installations to large solar power stations exceeding A$500million in value. To facilitate this, Lend Lease Solar has established supply partnerships with US-based First Solar, which is the largest manufacturer of thin film PV panels in the world, and Norwegian-based REC, the world's third largest Solar PV company, which will provide silicon PV panels.

Strategic sales alliances have been developed with two major Australian corporations in the banking and energy sectors providing direct access to over three million households. Lend Lease Solar is also involved in two of the four shortlisted PV proponents for the Federal Government's Solar Flagships Program for the country's first solar power stations. In addition, the customer base of Bovis Lend Lease will be accessed as the foundation for the solar rooftop offering focussing on retail, office and industrial assets.

The new entity will be headed up by long term Lend Lease executive, Chris Carolan who was instrumental in the project teams which delivered Australia's first 5 and 6 star Green Star as-built ratings for 30 The Bond and The Gauge and also acted as Project Director for the ANZ Centre in Melbourne which is now considered one of the leading green buildings in the world.



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