Landmark carbon-neutral development to deliver 50% saving on strata levies

This article was first published on Power Ledger - Medium
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  • Residents in 39-apartment complex in Fremantle to save 50% on strata levies under renewable energy deal between OP Properties and Power Ledger.
  • Montreal Commons to be one of the first ever carbon-neutral apartment buildings in Australia and set a benchmark for sustainable apartment design.
  • Project will use developer-funded 75kW solar rooftop PVs and local battery storage, topped up with 100% green energy from the grid.

Fremantle, Australia — September 4, 2020: Residents in a planned new apartment complex in Fremantle will save 50 percent on their annual strata levies under a landmark renewable energy partnership between technology company Power Ledger and developer OP Properties.

OP Properties’ five-storey development, Montreal Commons, will comprise 39 apartments, a ground floor cafe and basement parking, and will be one of the first ever carbon-neutral apartment buildings in Australia.

“Montreal Commons pays homage to the area’s industrial heritage and will contribute to the character of the East Village at Knutsford Mixed-Use precinct, while giving its residents a greener, more sustainable lifestyle,” said OP Properties Co-Founding Director Nic Osboine.

The project, which is expected to set a global benchmark for sustainable apartment design, will use developer-funded 75 kW solar rooftop PVs and local battery storage, topped up with 100 per cent green energy from the grid through local electricity retailer Change Energy.

The apartment owners within Montreal Commons will be able to sell excess solar electricity they generate back to the 670 kWh on-site battery using Power Ledger’s energy trading platform. During times of peak demand they can then buy back electricity, as required, from the on-site battery at an agreed price.

OP Properties Co-Founding Director Luke Parker said OP Properties will cover the full cost of installing the rooftop solar system, ensuring no debt or pay-back period for apartment owners, with ownership and full benefits of the system then handed over to ...

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Power Ledger - Medium

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