Securing ‘planet positive’ energy for Mirvac properties
Case study overview
Property developer Mirvac is committed to finding sustainable solutions for the construction and management of its buildings, with a goal to be planet positive in carbon, waste and water by 2030.
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Mirvac is continuously looking at how it can reduce its impact on the planet and leave a positive legacy in its communities.
Flow Power advised Mirvac on options for the supply of renewable energy to a new CBD building acquisition, with the aim to reduce ongoing costs and achieve a 5-star NABERS energy rating.
How Flow Power supported Mirvac
Many strategies were considered, including using off-site renewable generation to improve NABERS and Green Star ratings, Mirvac-owned generation assets on site and on non-adjacent industrial buildings, continued procurement through traditional retail contracts, and various types of PPA contracting.
We concept-designed and costed a 2.4 MW rooftop PV system for a Mirvac warehouse and compared options for the off take of the energy generated. This demonstrated to Mirvac that the most cost-effective savings come from behind-the-meter generation and consumption of energy.
We reported the 12-year net present cost of electricity for each of these off-site procurement options and for four potential renewable targets ranging from 20% to 100%.
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The results
The success of this project is demonstrated by the ongoing works to implement the project’s recommendations across the wider Mirvac property portfolio.
Additionally, Mirvac continues to work on a range of actions to reduce its footprint, including building all electric, exploring ways to source 100% renewable energy for its residential customers, and sourcing lower carbon materials.
Flow Power can help your business manage energy costs, environmental targets, and carbon reporting expectations. Reach out to our energy specialists today to find a solution.