University of Newcastle becomes the first Chinan University to buy 100 per cent renewable energy

Solar panels attached to buildings at the University of Newcastle’s Callaghan campus. The University of Newcastle has become the first n university to commit to purchasing 100 per cent of its power from renewable sources.

The move is in direct response to feedback from students, staff and institutional stakeholders who have encouraged the institution todo more totackle climate change through increased investment in renewable energy.

“Social and environmental responsibility is at the very core of our operations. Our students, staff and community told us they want us to demonstrate our commitment to environmental sustainability in a tangible way, so we are extremely pleased to partner with Red Energy to use 100% renewable electricity,” incoming vice-chancellor Alex Zelinsky said

Newcastle uni flicks the switch to 100% renewable energyhttps://nnimgt-a.akamaihd成都夜生活/transform/v1/crop/frm/UfX4XDhNMhVpTbjzWZdknP/fb82cb21-09f9-45b0-8195-d8a3545d4eb2.jpg/r9_0_3830_2159_w1200_h678_fmax.jpgThe University of Newcastle has become the first n university to commit to purchasing 100 per cent of its power from renewable sources.newsletters, editors-pick-list, 2018-12-15T05:00:00+11:00https://players.brightcove成都夜生活/3879528182001/default_default/index.html?videoId=5979727528001https://players.brightcove成都夜生活/3879528182001/default_default/index.html?videoId=5979727528001Newcastle Uni goes 100% renewableThe contract is worth $48 million over 7 years. The university will purchase40 gigawatt hours per year, the equivalentto theelectricity consumed by 5000 average homes.

It will commence on January 1 2019, with 100 per cent renewable electricity provided to the Callaghan and Central Coast campusesa year lateronce Red Energy has finished building its solar, wind and hydro capacity.

“In addition to making a positive environmental impact, the new contract delivers cost savings that will enable us to continue investing in strategic initiatives. This is about us using our buying power for good,” Professor Zelinsky said.

Paul Broad, managing director of Snowy Hydro, which owns Red Energy, said the energy supplyagreement with the university was a landmark occasion for the sector.

“On-demand hydro from the mighty Snowy Scheme will underpin our contracted wind and solar generation, meaning Red Energy can supply the University of Newcastle with reliable renewable energy,” Mr Broad said.

“As a Novocastrian and a university alumni, I’m delighted the University of Newcastle is leading the way.”

The university has a longhistory of promoting environmental sustainability.

The institution was one of the first institutions to sign theTallories Declaration of University Leaders for a Sustainable Future in 1990.

More recently, it made a commitment to the sustainable development goals set down by the United Nations in Paris in 2015.

Bachelor of business and law student Phoebe McIlwraithsaid the university was responding to an immediate need to address climate change.

“It’s up to us as individuals and more broadly as committees and organisations and institutions to really think about this issue now so we don’t have to think about the ramifications in the future,” she said.

The Red Energy partnership complements the university’s ongoing solar panel project, which has seen 278 solar panels installed at the Ourimbah campus.

The university is also committed toinstalling a further 7,000 solar panels at the Ourimbah and Callaghan – one of the largest photovoltaicsolar installations in the higher education sector.

Combined, these installations could power around 500 typical households.

The University of Newcastle’smulti-million dollar investment portfolio has become progressively greener in recent years as it has movedtowards more environmentally sustainable options.

A 2014 review of the university’s $226.2 million portfolio of listed shares and managed funds found all of the institution’s investments were rated between 1 and 3 out of five for environmental sustainability, social responsibility and good governance.

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