Our Community-Owned Renewable Energy (CORE) Geelong project has reached a considerable milestone attracting vital funding from the Victorian Governments New Energy Jobs Fund.
The CORE Geelong task group has been meeting since early 2015 to establish community owned renewable energy projects where community investors raise capital to fund the installation of solar PV systems on the roofs of Geelong businesses and not-for-profit organisations. Hosts sites receive the benefits of the solar system without having to fund the upfront capital of the system, while community investors receive a return on their investment and the environment benefits from more clean energy being generated on Geelong’s roofs.
The $48,000 grant will fund a six month scoping study for the CORE Geelong business case. The project will provide the capacity to undertake strong and diverse community and stakeholder engagement, identify potential host sites around Geelong for future projects and develop our community solar financing model.
This grant is a significant step forward for Geelong Sustainability and has meant for the first time we have been able to employee a paid project coordinator to progress the CORE project.
After a vigorous recruitment process Dan Cowdell was selected for the role. Dan has volunteered for the group since 2013 and served two years as president. Dan has chaired and later co-chaired the CORE Geelong task group since its inception in April 2015, his background in solar energy, community organising, and business development puts our project in good hands.
Dan is thrilled to be working on this project, saying “It’s an absolute privilege to be able to work for Geelong Sustainability and especially on a community renewables project that has so many environmental and community benefits.”
“Our focus is on the development of our community solar financing model for 30-100kW behind the meter solar systems. The model will see community investors being able to earn better than bank returns on local solar projects and solar host sites accessing all the benefits of solar power for zero upfront costs.”
For more information and to register your interest to invest in or host a community solar project visit our Community Owned Renewable Energy (CORE) Geelong project page