Story image

Community project: Everyday Aussies skew energy market

02 May 17

The number of community-owned energy projects in Australia is on the rise as Australians pump millions of dollars into community-owned energy projects.

Everyday Australians are on a mission to wrestle back control of their electricity supply, according to the Climate Media Centre.

A recent announcement from the Climate Media Center emphasised a snapshot of the burgeoning sector to support these claims. The snapshot shows everyday people have financed more than 30 wind and solar projects to the tune of almost $24 million.

So far, almost 8000kW of renewable energy has been installed. This is enough energy to power a small town.

Nicky Ison, founding director of the Community Power Agency, says, that most of the recent projects were financed within hours of going out to the community. According to Ison, this is because investor demand is outstripping supply.

“Hundreds of investors are effectively missing out on getting a slice of the action every time a community energy project is seeking capital because there’s so much interest,” Ison comments.

Ison adds, “Australians know renewable energy is the future. Business and governments should take heed: mum and dad investors love clean energy and they’re putting their money where their mouth is.”

Ison continues, “projects are selling out in the blink of an eye because they’re offering great returns, giving businesses and communities more control over their power bills and helping the environment.”

According to Ison, more than 90 community energy groups across the country were preparing to build and run their own projects. Ison says that if governments invested capital to support them then the sector could more than treble.

“Australians are saying loudly and clearly – we want to invest in renewable energy in this country, and we want to invest in our own communities.”

“This means that jobs and investment stay local, and communities have ownership over their own power again. We think for these reasons community energy is shaping as major disruptor of our energy system,” Ison says.

According to the Community Power Agency, one way the government can support these new projects through investment is with the establishment of support hubs across the nation.

These hubs would be a rich source of support for community projects – offering legal and technical advice to local volunteers and help them overcome the hurdles that are stalling their projects.

This snapshot of data and reflection on the burgeoning numbers of community fuelled projects was released this week.  

Why A/NZ organisations need to improve compliance protocols
Only a mere 4% of IT decision makers and data managers surveyed said their organisation faced no data management challenges. 
AWS tops all four global markets, APAC a unique case
The order of proceedings remains relatively the same in three of the four major regions for public cloud services providers, but the APAC market is bolstered by the prominence of China.
How artificial intelligence is transforming finance teams
"Organisations using cognitive ergonomics and system design in new AI projects will achieve long-term success four times more often than others.” 
Pure Storage launches new cloud data services
“Customers should be able to make infrastructure choices based on what’s best for their environment, not constrained by what the technology can do."
Is self-service BI living up to the hype?
the explosion of data available to a business and self-service BI tools is transforming how everyone works - but is self-service living up to expectations?
What the people say - Gartner’s November Customers’ Choices
A roundup of the latest Gartner Peer Insight Customers’ Choices from Backup and Recovery to Business Intelligence and Analytics, and more.
How organisations can use AI to generate business insights
DataRobot’s automated machine learning enhanced Precision Marketing’s predictive modelling capabilities.
WA council first to adopt new Datacom tech for local government
The early adopter Shire of Majinup’s initial priority is to use Datascape to help it engage more closely with its community.