Investment spotlight: melbourne airport
The next time you fly into Melbourne Airport, keep an eye out for the shimmer of 30,000 solar panels located near the north-south runway. The 12MW solar farm is part of Australia Pacific Airports Corporation’s (APAC) efforts to reduce its carbon footprint and energy costs and Active Super is a proud investor.
In January 2022, APAC announced an accelerated target of net zero Scope 1 and Scope 2 emissions by 2025 – the most ambitious carbon emissions reduction plan of any capital city airport in Australia.
This will be achieved by meeting half of Melbourne Airport’s energy needs through onsite solar generation by 2030, securing green energy from the Victorian grid via a Green Power Purchasing Agreement (PPA) and reducing energy consumption through continued energy efficiency programs in terminals across the airport estate.
Melbourne Airport’s 12MW solar farm is delivering over 15GWh of electricity each year, almost 15% of the airport’s energy needs and enough energy to power all four of the airport’s terminals.
Melbourne Airport is in the process of almost doubling on-ground solar from 12MW to 20MW. This is expected to be completed in FY24. Additionally, the airport has committed to ensure the roofs and footprint of future business park developments are designed to support future solar installation.
Source: APAC Annual Report 2022
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