The launch of an Australian-first trigeneration project linking two commercial office properties can serve as a game changer in curbing conventional energy demand.
“The generation of lower-emission electricity at Coca-Cola Place at North Sydney will be shared with Deutsche Bank Place in the Sydney CBD,” NSW Executive Director Glenn Byres said today.
“The deal between Investa Property Group and Origin Energy is a smart initiative that showcases the property sector’s capacity for innovation.
“It opens the door to precinct-based solutions that can drive energy efficiency and curb our dependency on conventional electricity sources.
“The need to provide alternatives to the use of coal-generated energy is urgent.
“The recent IPART report estimates that over 80% of the increase in electricity prices this year is due to increasing costs of transporting electricity from the generators to customers.
“Much of the cost of transporting electricity could be deferred or avoided through local energy generation.
“Solutions that cut costs, provide a reliable service for users and slash carbon emissions should be actively embraced.
“We hope policy makers understand the opportunities available for innovation and the desire of the property sector to be collaborators in advancing them.”
Media contact: Glenn Byres, NSW Executive Director, 0419 695 435.