Chamaeleon light features in Sydney EUA project
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.
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:
||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|
|Pump motor replacements & VSD installation
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
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