The not-for-profit group behind the campaigns that raised enough community funds to install two solar PV systems at a disability services centre in Bega, NSW, has turned its energy to another cause – to build Australia’s first citizen-funded and owned solar thermal plant with storage.
CORENA – or the Citizens Own Renewable Energy Network Australia Incorporated – calls it the Big Win project (as compared with the “Quick Wins” mentioned above), and to fund it, has recently launched the 50,000 People Campaign.
The campaign, says CORENA, aims to connect the 50,000-odd people who regularly turn up at climate rallies and the like with the opportunity to invest in the solar thermal plant.
“The idea is that if 50,000 people chip in an average of $100 each, or set up smaller recurring contributions, we’d soon have the $5 million we need for Stage 1 of the project,” a CORENA spokesperson told RenewEconomy.
According to the website, the stage 1 $5 million would be spent on initial planning, approvals, site acquisition, and construction of 0.5MW auxiliary power to provide on-site power during subsequent construction stages.
So far, the campaign seems to be resonating well, with most contributors over recent weeks taking up one funding option or the other and contributing just over $27,000 at publication (the amount is going up all the time).
We’ll keep you posted on the funding campaign’s progress.
As for Quick Win, CORENA says it is currently three-quarters of the way towards completing funding of its third project, with a fourth currently queued for funding after that.