PRESS RELEASE: FRIDAY 26 JULY 2015
Renewable Energy and Property Development —
Presentation to the Round Table Group (Brisbane)
Our director Gerald Arends presented on Friday 26 July 2015 at Tattersall’s Club to about 25 attendees of a lunch organised by the Round Table Group (Brisbane) on the potential of deploying for renewable energy in property development. James Stott, director of Viva Property Group presented on recent town planning developments affecting the Brisbane property market.
The Round Table Group was set up and brings together the experience of Michael Alcorn (Commex Concepts), Daniel Boucher (Truform Construction), John Biggs (Conquest Accounting), Shane Lockland (Brislec Data & Electrical) and Aaron Alcorn (Commex Concepts). It encourages professionals and business owners to bring together their experiences, skills and interest in investment opportunities. The lunch was an inaugural session with a wider audience exploring property development opportunities in the Brisbane market.
Property development offers an opportunity to deploy renewable energy (such as solar), battery technology and energy efficient technologies (such as combined heat and power (CHP) or trigeneration (heating, cooling, electricity)) consistently across a development site and thereby avoids onerous consensus requirements that arise in brownfield sites. Where arrangements are in place prior to development being launched, “green” features can become a significant marketing benefit. Property developers also have the opportunity to reap a financial benefit from providing, or from creating the opportunity to provide, essential services through “on-selling” arrangements to the occupants of the developments, which form a “captive” audience.
The regulatory context for the Brisbane and Queensland has recently changed. 1 July 2015 saw the introduction of the National Energy Customer Framework in Queensland. On-selling is now regulated by the Australian Energy Regulator (AER). The AER itself has tightened the rules on on-selling as of 1 January 2015 and it is these tighter rules that now govern new property developments looking at on-selling opportunities. While the requirements have tightened and increased the compliance burden, the requirements are navigable.
Please contact Gerald Arends should you wish to discuss this topic further.