Sustainable Urban Precincts Program (2017)
RMIT delivered a $128M investment into energy efficiency through two large energy performance contracts, this was broken into over 60 separable packages of work delivered by Siemens and Honeywell. Over 3 years the program delivered 4.4MW of on-site generation, 11 high-efficiency boilers, 12 high-efficiency chillers, over 40,000 LED light fittings, BMS and HVAC system upgrades. The program of work has led to RMIT realising a 30,000-tonne reduction in emissions annually.
Solar Photovoltaic Rollout (2018)
RMIT rolled out over 600kW of solar PV across University rooftops within inner-city Melbourne. Sites were selected through a rolling program of living laboratory projects where RMIT Masters students assessed and ranked the most suitable sites – which can be difficult with a number of high-rise apartment towers around Melbourne. The student work became the basis of a capital project the following year and was used in the tender documentation development. Resultingly, RMIT installed over 600kW of solar across 19 systems with remote monitoring and an expected payback of four and a half years.
Melbourne Renewable Energy Project 1 (2018)
RMIT was a key partner in the world-first group renewable energy power purchase agreement, signing a 10-year renewable energy supply contract with Pacific Hydro. The contract supported the construction of the 39-turbine, 80MW Crowlands Wind Farm in western Victoria, bringing more renewable energy into the national grid. The project also provided a blueprint for future power purchase agreements in Australia, with the publication of a guide to procuring off-site renewable energy. The agreement provides RMIT with carbon neutral electricity and an 8,000-tonne emissions reduction.
Melbourne Renewable Energy Project 2 (2020)
Following the outstanding success of MREP1, RMIT took bold leadership to establish and lead a second group of corporate and University partners through a power purchase agreement process. Ultimately the group contracted a further 1 terrawatt hour (TWh) of renewable energy over 10 years from the Yaloak South Wind Farm in western Victoria. As the lead customer RMIT guided the partners through the procurement process and market testing, sharing lessons from previous experience, contracting and coordinating all external advisory services through to the successful contract execution. The renewable energy supply agreement provides RMIT with more carbon neutral electricity and provides a further 16,000-tonne emissions reduction.
Fossil Fuel Free Investments (2021)
Following over five years of work to move the investment market for small-scale investors, RMIT worked with its external investment manager Russell Investments to launch a new sustainable global fund. This marked the final step in minimising the exposure to companies with a material impact on climate change. The initiative is in line with RMIT’s Responsible Investment Principles, which guide the University’s investment managers to ensure that the portfolio minimises activities that have an impact on climate change and fossil fuels, while also screening for broader ESG issues including those relating to public health and wellbeing. Following the mid-year reporting from both these products, the University’s External Fund Managers confirmed that the entire RMIT Portfolio had no exposure to fossil fuels as at 31 March 2021.