Industrial tenants reap green power benefits
Clean power for industrial tenants
Frasers Property is extending the benefits of clean energy to industrial tenants, offering clean, green power for no additional cost at two new industrial estates in Victoria and New South Wales. The new estates will feature energy efficient design and renewable energy technology.
reduction in embodied carbon
sustainability linked loan
We are delighted to collaborate with the CEFC. Our work together demonstrates Real Utilities’ commitment to providing innovative and carbon neutral energy solutions for our customers, consistent with our ambition to become an industry leader in sustainability.Paolo BevilacquaGeneral Manager, Real Utilities
The work is financed by Frasers Property’s $300 million sustainability linked loan (SLL). Under the terms of the SLL, Frasers Property will receive a lower interest rate by targeting a minimum 4-star GRESB rating on its development and standing investment Australian properties. The CEFC has invested up to $75 million in the SLL.
Innovative distributed energy generation models will be installed at Rubix Connect in Victoria and The Horsley Park Estate in New South Wales to deliver carbon neutral electricity through onsite solar, battery storage and a biodiesel generator. Frasers Property energy retailer Real Utilities will provide Climate Active certified carbon neutral electricity to the properties’ common areas and tenants.
A range of sustainability features will be adopted to reduce the operating emissions to zero, including passive design, LED lighting with advanced controls, energy monitoring systems, solar PV, battery storage, biodiesel generation, building electrification and 100 per cent carbon neutral energy supply from Real Utilities.
Frasers Property will also target a minimum 15 per cent reduction in embodied carbon when measured against a code compliant new facility. It will use features including steel in the fibre concrete slabs to reduce the amount of concrete used, as well as the procurement of materials with embodied carbon disclosures.