1. Greater Shepparton - Environmental Upgrade Agreements
Michael Carrafa – Economic Development – Team Leader Business & Industry Development

2. What is an EUA?
An Environmental Upgrade Agreement (EUA) is an agreement between a building owner, a bank and the building owner’s local council that facilitates a building upgrade to improve environmental performance.
In other words:
A finance lender provides a loan and the building owner/tenant pays it back through Council (Council rates).

3. Examples In Shepparton
SCS Plastics:
300kw solar system
Rokez Constructions:
60kw solar system
The environmental benefits alone will be a saving of tonnes of CO2 annually and tonnes respectively.
Saving of tonnes of CO2 annually and tonnes CO2 respectively.
These projects will provide energy cost savings of over $70K per annum.

4. So why do businesses and property owners care?
Competitive Interest Rates
Extended repayment periods – This makes repayments more affordable and hopefully (at least) cost neutral with current energy (or water or waste) expenditure. Maybe even cost positive!
Involve the tenant in paying off the loan when in reality they are paying their normal amount for energy (or water or waste).
Significant cost savings!
Increased value of property

5. Process
Presentation from Sustainable Melbourne Fund to relevant Managers at Council.
Presentation to Relevant Directors which included CEO and Finance Manager - Delivered by SMF.
Presentation to Councillors and Exec Team (at Council Briefing) delivered by SMF.
Standard process for Council endorsement. Exec, Council Briefing and Council Meeting. 1 2 3 4 5

6. Challenges and Opportunities
Silo operating
Hard for some to grapple with what ‘EUA’s’ are
Getting people to reconsider energy, waste and water saving projects.
Resources – Marketing and Communications, Rates team
Opportunities
Working together in clusters to promote EUA’s
Working together to fine-tune the communication and marketing strategies to demonstrate the benefits of EUA’s.

7. Thank you for your time For more information: Phone: (03) Website: sustainablemelbournefund.com.au