City of Melbourne, City of Moreland, City of Port Phillip, City of Yarra
Melbourne Renewable Energy Project
Underpinned by a belief in th epower of coming together, the Melbourne Renewable Energy Project (MREP) marks the first time in Australia that a group of local governments, cultural institutions, universities and corporations have collectively purchased renewable energy from a newly built facility.
Members have committed to purchase 88GWh of electricity per year from the yet to be built Crowlands Wind Farm near Ararat under a long-term power purchase agreement. The agreement will enable owner/operator Pacific Hydro to progress financing and construction arrangements for the project.
Because the wind farm will generate more than the purchasing group's needs, it will bring additional renewable energy into the market. The Crowlands Wind Farm will create more than 140 jobs during construction and eight ongoing maintenance jobs.
The MREP approach enables cities, corporations and institutions to take an active role in securing renewable electricity supply and to take action on climate change. It provides long-term price certainty and will be critical to partner organisations achieving their ambitious CO2 reduction targets. Significantly, it also represents a replicable model for other projects around the world to follow.