La Trobe University announced its commitment to becoming Net Zero by 2029, with plans to purchase 100 per cent renewable energy to power its campuses in a bold step towards sustainability.
The university has forged a Power Purchasing Agreement (PPA) with global energy leader Iberdrola, ensuring that by 2028, all electricity procured will be sourced from renewable, emissions-free sources.
This landmark agreement is set to eradicate La Trobe’s single largest emissions contributor, the university said in a news release.
Professor Theo Farrell, vice-chancellor of La Trobe University, hailed the move as a testament to the institution’s dedication to environmental stewardship, highlighting that the initiative is backed by its Sustainable Finance Program.
“This commitment will significantly contribute to our 2029 Net Zero target, which we are already well on the way to achieving,” Professor Farrell stated.
“Sourcing renewable energy enables the reduction of carbon emissions by 27,000 tonnes – the equivalent of over 2,000 homes – an emissions reduction of more than 50 per cent,” he noted.
The renewable energy, harnessed from the Cherry Tree Wind Farm in Seymour, Victoria, by Iberdrola Australia, underscores La Trobe’s strategic plan to tackle pressing environmental concerns, including climate change.
Ross Rolfe, chairman and CEO of Iberdrola Australia, expressed delight in supporting La Trobe University’s sustainability objectives, affirming that the agreement will aid in achieving decarbonisation goals while fostering a greener future for Victoria.
“Their long-term renewable energy supply agreement with Iberdrola Australia will help achieve their decarbonisation objectives and contribute to a brighter future for the Victorian environment and economy,” Rolfe remarked.
The agreement, facilitated by Energetics, follows a series of sustainable initiatives by La Trobe, including the launch of a green bond offering last July, valued at AUD 175 million, exclusively allocated to fund eco-friendly projects such as renewable energy infrastructure and biodiversity conservation.
Additionally, La Trobe is embarking on the development of Victoria’s largest urban solar farm, expected to reduce total university emissions by 15 per cent and eliminate household emissions equivalent to an entire neighbouring suburb.
Already, La Trobe’s regional campuses in Bendigo, Albury-Wodonga, Shepparton, and Mildura have achieved Net Zero emissions status, with further sustainability efforts underway, including the installation of rooftop solar panels, LED lighting, solar carports, EV chargers, and transitioning to electric vehicles and heating systems.
