Cbus Property powers up for City of Melbourne’s second renewable energy deal

JUNE 2020

Cbus Property is proud to be working alongside ISPT, Fulton Hogan, Citywide Asphalt Group, Mondelēz International, Deakin University and RMIT University on the second Melbourne Renewable Energy Project. 

Facilitated by the City of Melbourne, the MREP2 agreement with Tango Energy is equivalent to taking 28,000 cars off the road every year or powering 22,000 households. For Cbus Property, this means the carbon emissions from our Melbourne assets are forecast to be reduced by 70 per cent, which equates to a 24 per cent carbon reduction across our entire portfolio — a fantastic milestone towards our business achieving our long-time goal of Net Zero Carbon by 2030.