Welcome to the March 2018 issue of the CORE Geelong Update.
In this issue:
- MACS community solar project update
- Geelong Children’s Centre goes solar
- CORE Team next meeting
MACS community solar project update
Our community solar project at the Multicultural Aged Care Services Geelong (MACS) is progressing well and is nearing the exciting stage of being open for community investment.
Community members on our investor register of interest will be notified with more information in the coming month. You can register your interest here.
A local solar installer has been selected for the supply and installation of the 149kW solar system at MACS, this was the result of a competitive tender process carried out by six members of the CORE Task group. The winning offer demonstrated excellent value for money, a comprehensive design and plan for installation along with an impressive track record of experience in similar works, and a very robust management approach. The successful installer will be announced when the project is open for investment.
The new entity ‘CORE Geelong One’ which is needed to gain community investment and to run the project has now been incorporated and an ABN has been applied for - this moves us into a very exciting phase of the project!
In other progress, the legal agreements for the project are currently being finalised, there are seven legal agreements required to carry out the project! The community solar lease agreement with MACS is currently being negotiated and we aim to have the agreement signed in the next 2-3 weeks.
Finally, an Offer Information Memorandum with full project and investment details if being drawn up and will be accessible once the project is open for community investment in the coming months. In order to access the Offer Information and to attend an investor information briefing you’ll need to be a member of Geelong Sustainability.
Please stay tuned for more news and if you haven’t already please register your interest to receive more information about the investment offer when it is ready. And become a member of Geelong Sustainability so you can attend the investor info briefing and access the offer documents.
Powershop Your Community Energy Grant
Geelong Sustainability has received a grant from Powershop to support our community energy projects.
Powershop are an electricity retailer committed to supporting the growth of renewable energy in Australia by helping to grow the pool of renewable energy assets that their group owns or supports. One of the benefits of their approach is that the more customers they attract, the better able they are to invest in renewables and continue their aim to keep dropping their prices.
Through their Your Community Energy initiative, Powershop will contribute $10,000 in funding towards our project at the Multicultural Aged Care Centre in Geelong. To date the Powershop Your Community Energy initiative has raised over $300,000 for community energy projects across Victoria and New South Wales. It gives Powershop customers a unique way of supporting community energy projects and the program will continue to contribute to our other community energy projects as they emerge.
Visit Powershop’s Your Community Energy webpage to read more about the 16 community energy projects that have already been installed or commissioned.
Do you have a community energy project in the Geelong region you think would benefit from a Your Community Energy grant? Please contact firstname.lastname@example.org
Geelong Children’s Centre goes solar!
The Geelong Children’s Centre has recently installed a 15kW solar power system with the help of Geelong Sustainability. We made the process of getting solar easy for the Centre by conducting an independent solar feasibility assessment which outlined the business case for getting solar. We also ran a competitive solar tender process to assist with the evaluation of solar quotes and the selection of a solar installer. The system was installed in March 2018 by local solar installation business City to Surf Solar+
Next CORE team meeting
During 2018 the CORE Geelong task group will be meeting regularly on the 1st Thursday of the month.
Our next meeting is Thursday 5th April, 7pm – 9pm, in Belmont.
Please contact Dan for more info about attending the meetings email@example.com
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