A NEW GENERATION OF ENERGY
Melbourne Renewable Energy Project (MREP2)
ISPT has joined forces with some of Melbourne’s most prominent universities and businesses for the Melbourne Renewable Energy Project (MREP2). Facilitated by City of Melbourne, the project brings large energy users together and combines our purchasing power to support renewable energy from a portfolio of Victorian renewable energy facilities.
Through this collaboration, we’ve secured a long-term electricity contract that delivers value for our Investors while significantly reducing carbon emissions across our portfolio. From July 2020, all electricity we procured for our Victorian portfolio has been carbon neutral.
We have 22 properties in MREP2 and we’ll be using the knowledge gained to expand the procurement of renewable energy across our portfolio, while we pave the way for more Australian corporations to take bold action on climate change.
To learn more about MREP2, click here