ABC News reports on the massive appetite for community-funded renewable energy and interest from investors. Investors “pitch in” for solar panel installations on top of small businesses or organisations.
“The company Bakers Maison will pay investors for the solar energy it uses over a period of between seven to 10 years. The investors get a 7 per cent return on the money they put in. After that time, the business owns the panels and will use its energy for free.” (ABC News)
Perhaps the integration of battery systems with these investments would negate the need for massive industrial gas-fired power plants such as AGL’s proposed Dalton project.
However, once again Australia remains behind other countries – such as Denmark, Germany and Scotland – in our uptake of these projects due to government regulation.