The Victorian Government is helping households and businesses in multi-tenanted buildings cut their energy costs through a new investment in microgrid projects.
Minister for Energy Lily D’Ambrosio has announced a $980,000 grant towards the Ovida Community Energy Hub project, as part of the state government’s Microgrid Demonstration Initiative.
The $2 million Ovida project will install shared solar PV and battery systems in three buildings in Melbourne to help cut energy costs for tenants.
The initiative will benefit approximately 650 customers, generate 5000kWh of solar energy and support 11,000kWh of energy storage.
“Microgrid projects are part of our plan to drive down energy prices, reduce emissions and create a pipeline of investment in renewable energy,” Ms D’Ambrosio said.
“This initiative will allow more households and businesses in multi-tenanted buildings to take control of their energy bills.”
Ovida will work with Moreland Energy Foundation, RMIT University, Allume Energy and Jemena to deliver the project, which will deliver affordable, dispatchable and reliable energy for occupants of apartment and commercial buildings.
The Microgrid Demonstration Initiative grant program is providing $10 million to support eight statewide microgrid projects totaling more than $37 million in value.
The Microgrid Demonstration Initiative was announced in 2017 as part of the government’s $146 million Renewable Energy Action Plan.
Victoria has set renewable energy targets of 25 per cent by 2020 and 40 per cent by 2025.