01Performance

CEFC ANNUAL REPORT / 2015–16

University of Melbourne

The University of Melbourne is using $9.1 million in CEFC finance for emissions reduction and cost-saving initiatives to reduce energy bills and increase productivity and sustainability.

Project scope

The University of Melbourne is accelerating its application of innovative energy efficient and renewable energy technologies, including voltage optimisation, freezer upgrades, solar photovoltaics, solar thermal and micro-turbines. The University expects these initiatives to reduce its grid electricity consumption by about eight per cent.

Progress report

The CEFC-financed program is being carried out in stages. Part of the program’s first stage is the installation of voltage optimisation equipment which is expected to produce the greatest energy savings, reducing consumption by more than four gigawatt hours (GWh) per annum, through initiatives such as the controlled reduction of incoming power voltage to increase building energy efficiency.

Looking to the future

Energy efficiency and renewable energy technologies offer university campuses a way to demonstrate their commitment to sustainability leadership while reducing energy costs and increasing productivity.

Around half of the energy consumption on a typical university campus is directly related to heating, ventilation and air conditioning requirements, with about one third relating to equipment and almost 20 per cent relating to lighting.

The CEFC is looking to work with other Australian universities to help them also achieve increased sustainability through energy efficiency and renewable technologies that reduce energy consumption and costs.

CEFC finance can be structured over a longer term and is tailored to match the cost savings delivered through the reduction in grid energy usage.

As a public-spirited university, Melbourne is committed to promoting sustainability through our operations, as well as in our research and education programs. We are taking significant steps to reduce our environmental impact with the aim to move to zero emissions electricity and ultimately achieve carbon neutrality by 2030. University Vice-Principal, Administration and Finance, and Chief Financial Officer
Allan Tait