$80 million investment to lower energy bills in new apartments
Sydney’s Hills Shire will be home to two new energy efficient apartment towers, thanks to a $80 million loan from the Clean Energy Finance Corporation (CEFC).
The dual apartment towers, part of Mulpha Australia’s $1 billion zero-carbon Norwest Quarter development, will deliver 196 net zero-ready apartments in stage one, and will be fully powered by renewable energy, and feature all-electric, high-performing appliances.
Other features of the apartments include waste management initiatives such as rainwater tanks and onsite organic waste treatment, adding to the building’s sustainability.
The apartment towers’ design means residents are expected to use half the electricity and a one third less water than those living in a comparable development.
The federal budget delivered more than $1.7 billion for energy saving upgrades for homes, social housing, local government, and businesses, and the upcoming National Energy Performance Strategy will accelerate energy performance across the economy.
Assistant Minister for Climate Change and Energy Jenny McAllister said this investment is another example of the Albanese Government investing in energy performance to help put downward pressure on energy bills.
“The Government is working with the CEFC to improve residential energy performance. We want more Australians to have access to homes that are more comfortable and cheaper run, all while reducing emissions. This project will deliver 196 net zero-ready apartments in stage one.
“Australia’s residential houses and apartments are responsible for around 23% of overall electricity use and 11% of total carbon emissions nationally. The Albanese Government wants to make homes more comfortable to live in and cheaper to run.
“The National Energy Performance Strategy will help households and businesses make every watt count, focusing on easing pressure on energy bills, improving energy reliability and reducing emissions.”