ARENA and SMF Announcement

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Councils across Victoria can now benefit from a funding partnership between the Australian Renewable Energy Agency (ARENA) and Sustainable Melbourne Fund (SMF) to capitalise upon recent legislative changes made by the Victorian Government to unlock investment into renewable energy projects within their communities.

This project aims to expand the EUA marketplace across at least 15 Local Government Areas, where it is estimated that between 500 – 700 Megawatts (MW) of rooftop space exists within the manufacturing, warehouse, distribution and storage industry sector. If just five per cent of those buildings landlords were to install solar renewable energy upgrades, they could generate an estimated 25MW of clean energy.

EUAs are a product created by the City of Melbourne, with the model now replicated across 3 States in Australia.  This partnership makes it easier for the marketplace to grow in Victoria for this innovative product.

For more information click on the announcement below:

ARENA Media Announcement