DC Power Co attracts 15,000 Investors.

Australian based ‘solar retailer’ DC Power Co has attracted 15,000 investors, reached and exceeded its minimum crowdfunding target of $1.75m so it’s now able to start trading and offering solar-power generated electricity to customers. The company is built “for solar system owners, by solar owners” and promises to offer an eco-friendly alternative to traditional retailers. 

About the DC Power Co. 

DC Power Co
DC Power Co ‘Why you should invest’ (source: dcpowerco.com.au)

Having received initial funding from the Australian Renewable Energy Agency (ARENA) as part of ARENA’s Advancing Renewables Program, they’re now looking to raise another round of money to get the company going. Co-founder Nic Frances Gilley discussed with ARENA the way DC Power Co’s business model is designed around solar transparency:

“Until now, solar users have had to make do with whatever their energy company has offered them, with very little transparency about how much they are saving or could be saving, because their business model relies on customers consuming more energy,” Mr Frances Gilley says.

“Because we don’t have to sell them energy to make money, we can help them reduce their energy costs and use their system better,” he says. “We are about people making the most from their solar panels.”

Back in February in an interview Mr Frances Gilley said DC Power Co. were hoping to raise $4.75m. It doesn’t look like they’re going to make that much but the campaign has reached $2.15m so far.  There is still enough money to get the company going and there are still two days left in their crowdfunding campaign at OnMarket. 

Shouldn’t be too long until we see the next steps from these guys – where they’ll be offering a free solar performance check to ensure your rooftop solar panels are working correctly. DC Power Co. research shows that 57% of solar users (“tens of thousands of households”) don’t know what their solar system is even doing (or if it’s even on at all!). 

If you want to invest in their crowdfunding (you have until midnight on Sunday the 15th of April) or learn more about the business model please click here to visit the DC Power Co. website. Otherwise we have embedded a video below which will explain more about the company and what their goals are. It’ll be interesting to see how how this solar IPO goes. 

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Wesley Vale Solar Farm – Latrobe.

Epuron Projects Pty Ltd have a proposed solar farm, to be known as the Wesley Vale Solar Farm, which will supply energy to Latrobe and the national grid. It will be able to produce up to 25,600MWh of electricity per annum, which is the equivalent of 2900 households. 

Wesley Vale Solar Farm

Wesley Vale Solar Farm
Wesley Vale Solar Farm (source: epuron.com.au/solar/wesley-vale-solar)

The Wesley Vale Solar Farm is still in the planning stages, but it will be located at 213 Mill Road and, according to The Advocate, is going to be the biggest solar farm in the state. 

According to Epuron project manager Shane Bartel via the application the farm hasn’t decided on fixed or tracking arrays for the panels, which will be located on the 35 hectare property.  They’re currently waiting on TasNetworks who are upgrading the local network to see if they’re able to connect directly to the Wesley Vale substation. 

If the application is approved, the Wesley Vale solar farm will commence construction this year and will be built over multiple stages, which may include energy storage in the future. 

Powercom’s Application – Latrobe solar farm

Powercom, according to their general manager Rohan Windsor, are applying to build a smaller fixed array PV system for the landowner of 32 Cherry Hill Road. It’s understood that this is a farmer looking to insulate themselves from the rapidly rising cost of electricity. Windsor discussed this further and was quoted by the Advocate thusly:

“The main factor in all this is the cost of energy is more than doubling. Usually you can off-set 30 to 40 per cent of your bill.

“The larger (farms) may have costs of $500,000, so then there’s a big saving. In agriculture, if you can reduce ongoing costs by 30 per cent, that’s a big saving.

“Since the introduction of the energy price increase recently, and as peoples’ (power) contracts came up for negotiation, we’re seeing more interest in solar.”

According to their website Powercom have created the largest solar installation in Tasmania to date:  1200 solar panels and 317kw at a commercial premises.

You can watch a video about the installation here:

Solar Farms in Tasmania

We don’t get to write that much about solar farms in Tasmania so it’s great to see some news. Renewable energy in Tasmania has been a hot button issue lately, as the state announced plans to be totally self-sufficient by 2022. The vast majority of renewables are generated by hydropower and wind farms. 

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Shepparton solar: council to install

Shepparton Solar Farm Proposals / Council Solar

Shepparton solar – the regional Victoria town is going to follow the trend of councils going renewable and install solar power at some of their local facilities, the Greater Shepparton City Council voted this week. The jury’s still out on a number proposed solar farms in Shepparton which are being opposed by some.

Shepparton solar – council investment.

Council solar has been a hot topic over the past 12 months and it’s fantastic to see the Greater Shepparton City Council following suit – Renew Economy are reporting that at a council meeting last week a $225,500 contract to install solar panels on multiple council buildings had been awarded to True Value Solar from Melbourne. 

Cr Bruce Giovanetti made a statement about how important councils doing their part in utilising renewable energy is:

‘‘It’s great to see council is taking a proactive approach to ensuring we can reduce energy consumption costs as much as we can,’’ he said.

Shepparton Solar Farms

Shepparton Solar Farm Proposals / Council Solar
Shepparton Solar Farm (source: greatershepparton.com.au)

The Shepparton News are reporting that five solar farms in Shepparton have been proposed:

  • Tatura East solar farm (45MW)
  • Tallygaroopna solar farm (30MW)
  • Lemnos solar farm (100MW)
  • Congupna solar farm (68MW)
  • Mooroopna solar farm (12MW)

These five farms total more than $300m of investment and will produce over 250MW of power for the area – but not everybody is happy about it. 

According to Greater Shepparton Councillor Chris Hazelman:

‘We’ve heard the relevant objections from people nearby, which indicates concerns about the science, about amenity, about the alienation of agricultural land,”

Hazelman elaborated on how he thinks the dispute will end up in the courts: 

‘‘And in the absence of (state government) guidelines, it would appear that regardless of what decision council makes, either for or against … it will inevitably end up in VCAT. It’s going to make it difficult.’’

We’ve heard the NIMBY argument about ‘prime agricultural land’ from ‘concerned residents’ before (remember Photon Energy’s Brewongle solar farm?) – so it’ll be interesting to see how this plays out in court. 

A spokesperson for Planning Minister Richard Wynne said the Department of Environment, Land, Water and Planning had prepared advice for the minister to consider, and he would make his ruling in due course.

You can read more detailed information about the solar farm planning permit applications by clicking here

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Solar Energy Australia Statistics – 2017

Solar Energy Australia Statistics – The Clean Energy Regulator released their report on solar power uptake in Australia in 2017. A record 3.5m solar panels were installed on rooftops last year, with their combined output of 1057MW around the same as a mid-sized coal-fired power station. 

Solar Energy Australia Statistics

Small-Scale Renewable Energy in Australia 2016 – 2017(source: cleanenergyregulator.gov.au)

The 1057MW was installed by Australian homes and businesses in 2017, mostly from rooftop solar. That’s the equivalent of 9,500 solar panels being installed in Australia every day of 2017! Commercial solar had a huge influx of big solar systems installed which helped with the numbers. Here are some of the many businesses that installed solar power in 2017: 

Clean Energy Regulator Executive General Manager Mark Williamson was pleased to see the solar uptake in all industries:

“We are seeing a wide cross-section of Australians – households, community centres, schools, and small businesses – receiving incentives under the small-scale renewable energy scheme,” Williamson said.

“Our data shows consumers are embracing renewable energy to take control of their electricity bills” Williams said on the CER website

According to Wikipedia, as of December 2017, Australia had over 7,024 MW of installed photovoltaic (PV) solar power. The CER report shows that in 2017 there was a 41% increase in installed renewable energy capacity compared to 2016. Queensland had the most solar panels installed (295MW), and the ACT showed the greatest annual increase – showing a massive 57% change from its 2016 figures. The CER report also showed that the average solar system size in Australia has increased by 200% – from 3kW to 6kw – as prices continue to decrease and technology increases rapidly. 

The small-scale Renewable Energy Scheme which created financial incentives for homes and small businesses to install small scale renewable energy systems has obviously had the desired effect. It’ll be interesting to see how 2018 fares as it’s already off to a roaring start. 

 

Solar Energy Australia Statistics

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Tailem Bend solar farm reaches financial close.

The 127MW Tailem Bend solar project will begin construction later this month. A financial close has been achieved by Singapore energy company Equis Energy and a 22 year purchase power agreement (PPA) has already been signed with Snowy Hydro. There are now plans in the pipeline to create Tailem Bend 2.

Tailem Bend Solar Project

Tailem Bend Solar Farm
Tailem Bend Solar Farm (source: http://equisenergy.com/newsroom/)

The $200m project is 100km south-east of Adelaide and will begin construction in February, according to Equis.

The Australian Financial Review noted that there were initial plans for a 28.8MW diesel generator to support the solar farm, but these were scuppered by the Australian Energy Market Operator who placed “unreasonable technical demands” on the project.  

Equis, who are also planning on building a 1000MW project in Queensland’s part of the Surat Basin (the Wandoan solar farm), said they have a huge amount of projects in the pipeline:

“Australia represents one of the most exciting solar power generation markets globally and Equis expects to build over $1 billion of new projects over the next 24-36 months,” director David Russell said in the press release. 

“As Asia’s largest renewable energy developer, Equis is able to leverage its economies of scale to deliver large scale, low-cost, reliable renewable energy, which Australia needs, as well as providing employment opportunities and supporting economic growth in local communities.” Mr Russell continued. 

According to Deal Street Asia, the project is expected to start generating power and feeding it to the grid in the first quarter of next year. 

The Tailem Bend solar projects will generate around 413,000MWh/year, which is equivalent to 82,600 homes and will save over 200,000 tonnes of CO2 annually compared to the same generation from South Australia’s current non-renewable power plants. 

Equis Energy are also building a  250MW DC solar photovoltaic power plant with energy storage installed in NSW’s Sunraysia region (the Sunraysia solar farm)

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