A university in Australia will receive an investment worth $9.1 million (£4.5m) to be more energy efficient.
The money from the Clean Energy Finance Corporation (CEFC) will support projects which will help the University of Melbourne reduce its energy bills and increase sustainability.
They include implementation of innovative efficient and renewable energy technologies such as solar panels, voltage optimisation and micro-turbines.
The university, which aims to be carbon neutral by 2030, expects to reduce its electricity comsuption by 8% and carbon emissions by 9,000 tonnes per year.
Paul McCartney, Executive Director at the CEFC said: “Australia’s 39 universities make a major contribution to the national economy and to the Australian community. Yet they face the ongoing challenges of public budget restraint, intensifying global competition and the need to use cutting edge technologies to meet increasing student expectations.
“Clean energy installations like those being undertaken by the University of Melbourne can help universities meet these challenges through an investment that results in reduced environmental impact, higher productivity and stronger financial performance.”
In the UK, an energy efficiency scheme run across universities is expected to provide savings worth £210 million.