Ingenia secures a $75 million debt facility from Clean Energy Finance Corporation as part of commitment to reduce carbon emission

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Ingenia Communities has received a $75 million 7-year debt facility from the Government backed CEFC as part of the organisation’s goal to reduce its carbon emissions by 30% over the next five years.

The CEFC invest in a wide range of industries to help meet emission challenges, now including senior living, hospitals and health care.

Ingenia Communities Group CEO, Simon Owen, said the $75 million 7-year facility will diversify their funding sources and extend the tenure of the Group’s debt.

‘’Reducing our emissions not only improves environmental outcomes but will generate savings for the business and, importantly, reduce ongoing costs for our residents,” Mr Owen said.

Ingenia announced a move towards green energy when it published its first sustainability disclosures report in July 2020.

The provider will pilot the Green Building Council of Australia’s Green Star Homes Standard across 30 new villages.

Ingenia’s measures include rooftop solar on existing homes and replacing low-efficiency lighting, hot water systems, and air conditioners with more efficient models.

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Adam is an experienced journalist who worked across a range of print and digital media before joining the DCM Group. He covered an extensive series of topics in his past roles and now provides editorial support for the DCM Group’s mastheads.