We do this by implementing energy efficiency and renewable energy projects that reduce both your operating expenses and greenhouse gas emissions. If you don't have funding available, that's perfectly fine – we provide government-approved loans to help.
For Public Non-Financial Corporations we can arrange cheaper finance for eligible projects.
GGB operates as a loan funding mechanism to enable:
- government agencies to complete eligible projects where the agency does not have funding available.
- PNFC’s to complete eligible projects with cheaper finance.
Since its establishment in 2009, GGB has facilitated over $300 million in energy efficiency and renewable energy projects across 49 projects. Combined, these projects are estimated to achieve annual savings of $46 million and abate over 222,000 tonnes of GHG per year.
Case Studies
What is an Energy Performance Contract?
An Energy Performance Contract (EPC) is a process where an energy services company (ESCO) is engaged to identify, design, implement, and guarantee energy efficiency upgrades in buildings.
The process involves an initial energy audit to identify potential improvements, followed by the execution of agreed-upon measures such as installing energy-efficient systems.
EPCs include a critical verification phase, during which the ESCO ensures a guaranteed level of energy savings over a specified period. EPCs are considered low risk and widely accepted worldwide.
In the GGB program an EPC aims to achieve a 5-year simple payback for all project, i.e., projects must pay for themselves with 5 years of achieved savings.
EPCs are not suitable for all facilities and are typically only used for large and/or complex buildings, e.g. hospitals, TAFEs, large office buildings, sporting complexes, etc. For smaller sites such as schools, alternative approaches may be preferable.
View more information on Energy Perfomance Contracts(opens in a new window)
Alternatives to EPC
In instances where department or agency’s total energy consumption is too small to attract the market to deliver an EPC (usually less than 1 GWh annual electricity consumption), or the building services are relatively simple, an alternative project delivery method to EPC may be considered. In these instances, departments/agencies should contact the GB team for further advice.
More information
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