Victoria is on a big rebuild and reboot of its economy kick and solar is a big focus for the year. According to Stan Krpan, chief executive of Solar Victoria, it’s all systems go.
What’s happening in job news this week.
Loans for environmental upgrades have come a long way in the past 10 years. Owners can now enjoy one of three tailored products, including the Capital Fund, which becomes part of a developer’s capital stack, reduces cost and provides a greater return on equity.
Environmental upgrade agreements are on the cards as part of the North Sydney Council’s program for reducing greenhouse gas pollution and the cost of living in apartments.
Bank Australia has partnered with Sustainable Melbourne Fund to take the original environmental upgrade agreement (EUAs) program for buildings national.
Exclusive: An industry-led program to improve commercial building energy efficiency has struck its first deal, and the company behind the model says if expanded it could deliver $100 million a year in savings to Australian businesses.
Trust a small city with a legacy reputation as a rust belt capital to stir up enough competitive juices to take on the rest of country, and outperform.
Google “Queensland’s future” and you’ll be inundated by government and soft media sites promising a sleek, modern Sunshine State.
There’s an old question about grants. Some funding is great but is it ever enough? The issue recently rose to the fore with the recent announcement from Sustainability Victoria that had a new program of grants for energy efficiency, called Better Commercial Buildings.
About 50 per cent of all local councils in Victoria will now be able to offer Environmental Upgrade Finance, with an expansion of the partnership between the Australian Renewable Energy Agency (ARENA) and the Sustainable Melbourne Fund (SMF).
Analysis: Environmental Upgrade Agreements were always a brilliant idea. A way to fund sustainability upgrades with the cost paid back as part of council rates. The tenant saves money on the energy bills that come from the upgrade; the owner gets better infrastructure. Everyone wins.
In great news for Environmental Upgrade Agreements, wholesale fund manager Trust Capital Advisers and its advisers have negotiated a $1.8 million energy upgrade of an office building in Bourke Street.
Victoria’s commercial buildings will get a boost to their sustainability potential following the announcement of a new collaboration between the state government and the Sustainable Melbourne Fund. The program involves help to take up Environmental Upgrade Agreements, the benefits of which include reduced energy costs and emissions. Energy, environment and climate change minister Lily D’Ambrosio […]
Beon Energy Solutions: A 365-kilowatt solar system has been installed on the factory roof of plastic manufacturer Class Plastics, in what is believed to be the largest solar environmental upgrade agreement in Australia. Through EUAs, building owners are able to get access to long-term finance for building upgrades at low interest rates, which can lead […]
With a near vacuum on climate change action at the federal level, and federal ministers even agitating to further reduce already paltry efforts, attention is increasingly being placed on the states to pick up the baton. And for the most part, they’re not disappointing. NSW, Victoria, South Australia and the ACT have all set net […]
Notice the rising tide of thinking that new buildings are … maybe necessary at times, but that it’s the upgrade of our existing structures that will be increasingly valued?
The retrofitting game is getting easier. The price of technology and energy-efficient plant trending down in response to growing demand, finance models such as Environmental Upgrade Agreements are resolving the split incentive barrier and state and territory governments are inspiring action and competition with each other. It’s just as well, according to Matthew Lee, regional […]
The Greens have released a buildings plan that sets a target for all commercial buildings to hit net zero by 2040.
Local councils across Victoria can expect better access to Environmental Upgrade Agreements following a funding partnership between the Australian Renewable Energy Agency and the Sustainable Melbourne Fund.
A large-scale LED upgrade, extra funding for Environmental Upgrade Agreements and a swathe of rooftop solar projects will be rolled out following a $30 million financing agreement between the City of Melbourne and the Clean Energy Finance Corporation.
Victoria’s state government has announced it will introduce legislation that will extend Environmental Upgrade Agreements to every Victorian councils. The agreements, which finance upgrades through a council rates-based financing mechanism, are currently only available within the City of Melbourne and the industry has pushed long and hard to have these mechanisms extended. The Local Government […]
UPDATED 16 June 2015 – A fourth Environmental Upgrade Agreement in City of Sydney was signed this week, to fund a $1.2 million energy efficiency infrastructure upgrade for the historic Readers Digest Building in Surry Hills. The upgrade will be done by NuGreen Solutions and PM Fox with support from AG Coombs and Lumex and is expected […]
On tides turning our way The tide is turning and heading our way. It’s now unmistakable.The mood on sustainability has lifted in Victoria, there’s a chirpiness around Queensland, and South Australia has some good news to report on energy efficiency, social housing and green ambitions that include making Adelaide carbon neutral. Along the east coast […]
The South Australian government has introduced legislation into parliament to legalise building upgrade finance, also known as environmental upgrade agreements, as part of an election commitment to deliver retrofit opportunities to Adelaide’s ageing commercial building stock.
A new investment company that recently managed an environmental upgrade agreement for a building in Parramatta has launched a new business to offer similar expertise to other owners of B and C grade buildings.
A $2 million refurbishment of a brutalist C grade commercial office tower at 20 Macquarie Street in Parramatta has halved energy use and attracted new tenants prepared to pay higher rents for improved office spaces.
The New South Wales Government has produced a guide and set of online tools and calculators to assist property owners, facilities managers and businesses to navigate the financial aspects of energy efficiency and renewable energy projects.
A proposal to develop an open-source roadmap for how to finance and deliver a zero net energy town in a regional New South Wales area is currently out to tender. And among the finance options under consideration is the Environmental Upgrade Agreement model. The NSW Office of Environment and Heritage has provided $80,000 for the […]
A $700,000 Environmental Upgrade Agreement has been signed for the Anglican Church’s St James’ Hall building at 169-171 Phillip Street, Sydney.
By Alexi Lynch, Ironbark Sustainability
1 July 2014 — There has been a lot of discussion in council land about the impact of the (relatively) new federal government, the near-coast-to-coast Coalition state governments (the exceptions being South Australia and ACT) and the impact on energy efficiency and renewable energy projects and investment.