On 15 June 2021 the Australian Competition and Consumer Commission (the ACCC) received an application for authorisation from Equinix (Australia) Enterprises Pty Ltd (Equinix), HSBC Bank Australia Limited (HSBC), Nike Australia Pty Limited (Nike), J.Aron & Company LLC (Goldman Sachs) and H&M Hennes & Mauritz Finance AB (H&M) (the Applicants).
This application relates to a proposed joint procurement process for an aggregated hedged volume of electricity and equivalent volume of Green Products from a solar or wind electricity generation facility connected, or to be connected, to the National Electricity Market, likely in New South Wales (Facility). Authorisation was sought for 24 years. The Applicants also requested interim authorisation to enable the joint tender process to commence.
On 15 July 2021, the ACCC issued a draft determination proposing to grant authorisation and granting interim authorisation.
On 11 August 2021, the ACCC issued a final determination granting authorisation for 24 years, until 30 September 2045.
|Final Determination ( PDF 534.39 KB )||11 Aug 2021|
|Draft Determination and Interim Authorisation Decision ( PDF 540.61 KB )||15 Jul 2021|
|ACCC to Interested Parties re Draft Determination and Interim Authorisation Decision ( PDF 237.28 KB )||15 Jul 2021|
|ACCC to Interested Parties re Consultation Process ( PDF 369.95 KB )||22 Jun 2021|