Chamaeleon light features in Sydney EUA project

Released: 03-Dec-2014

A fire stair lighting upgrade was among the energy efficiency measures undertaken at a 50 year old 15 storey B grade Sydney CBD commercial office tower. The $700,000 project was financed through a new Environmental Upgrade Agreement between the City of Sydney,owners the Anglican Church,  Eureka Funds Management and the Clean Energy Finance Corporation.  

The building owners found themselves in a position of owning a 50 year old building with major mechanical plant reaching the end of its life. Working closely with building managers Jones Lang Lasalle, the Anglican Church commissioned  $700K worth of capital works & it will only cost them $628K over 7 years.

How?

The simple answer is by using tenant contributions. The building's 8 tenants, mostly barristers chambers, will use a portion of the energy savings to contribute $280K over 7 years, or 40%  of the project value.

Energy savings from year one are $56K.

The scope of works averaged a 9.73 year payback, itemised below:

Scope
Project  Payback (yrs)
 Lighting upgrades Car park lighting occupancy sensor upgrades  4.09
  Replacement of low voltage downlights with LEDs  1.17
  Replacement of T8 Fluorescent with Chamaeleon dual circuit LED light in fire stairs  2.53
Chiller replacement
   14.88
Pump motor replacements & VSD installation
 
BMS replacement
   4.34

 The attractions of the Environmental Upgrade Agreement  financing for the Anglican Church were

  • the availability of longer term funding than traditional bank funding 
  • Ability of savings accrued to tenants to be recovered
  • No mortgage was required

Related articles

Anglican Church enters into Sydney's third EUA

www.buildingbetterfinance.com.au