Monday, January 20, 2020

Investors snapping up Commuity Energy Projects

  • Posted on:  Monday, 01 May 2017 08:53
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The public appetite for community funded renewable energy appears to be limitless, with projects proving so popular they are selling out within minutes of being offered to investors. The latest initiative — a massive solar panel system on top of a wholesale bakery in western Sydney — saw people flocking to invest. Within six hours, 20 investors had pitched in almost $400,000 to install a huge 230 kilowatt solar system on the bakery's roof. The project has been set up by volunteer-run ClearSky Solar Investments. Here's how it works 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 [read full storu]

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