The Australian Government will provide the University of Melbourne with financing of $9.1 million to fund energy efficiency and renewable energy projects at the University.
This investment will help the University of Melbourne to reduce their grid electricity use by around 8 per cent. That’s a massive saving in both energy costs and emissions for an institution of this size.
The types of projects financed under the arrangement could include voltage optimisation, freezer upgrades, solar PV, solar thermal and roof-mounted micro wind turbines – an innovative new renewable technology to harness wind power in urban environments.
Universities are an integral part of our cities infrastructure and in many ways their campuses can resemble mini-cities.
Universities are well placed to lead the way on energy productivity and demonstrate innovations in building technology.
Most universities have buildings that were built decades ago. Taking action on energy efficiency and putting in place some of the features of modern buildings will help universities save on energy costs.
This loan of $9.1 million from the Clean Energy Finance Corporation is designed to demonstrate to Australia’s universities just what can be achieved on campus with energy efficiency and the innovative use of renewables.
Today’s announcement comes less than a week after the Australian Government committed to a new $250 million program to provide affordable, energy efficient housing to low income earners.
These significant initiatives will help to make Australia’s great cities greener and more liveable.