More than 1,700kW of solar PV has been installed across 17 buildings at Charles Sturt University (CSU) in Wagga Wagga, NSW. Verdia enabled Charles Sturt University to access finance for the 1.77MW of solar PV through Westpac’s Energy Efficient Financing Program.
The systems will reduce electricity consumption by almost 20% each year. No upfront capital was required, so the solution was cash flow positive from the start.
Verdia manages Westpac’s Energy Efficient Finance Program, which is tailored for approved energy efficiency and renewable energy projects.
Keith Hogan, CSU Director of Procurement and Risk Management says…
“Verdia’s understanding of the equipment being financed – and the different finance options – meant that we were able to commission a solar energy system three times the size of the one we were originally considering. As a result, we’ll achieve considerably higher energy cost savings and a bigger reduction in our carbon footprint.”
To discuss how Verdia can help you finance your energy project, please email Simon Drumm or call 0447 174 555 for more information.