Does Community Solar Scale? We have asked ourselves the same question, and it’s a good one. Why would you want to throw time and resources at a financial model for clean energy...
Renewable Newstead signs MOU with Powercor
Renewable Newstead went public today, having signed an MOU with Powercor. Why is this news?
Because the community of Newstead is in transition to 100% renewable energy, and Powercor is going on the journey. It may be the first community to have signed such an MOU with a network company, it may not be. This isn't about being first necessarily, it's about changing the game for energy supply
The community of Newstead is an ambitious town, located in Central Victoria, and has long held the aspiration of transitioning to 100% renewable energy. With a commercial high street and population nudging 500 people, it's the perfect size for a community-led energy project.
Importantly Newstead has form, having established a community managed swimming pool, community gardens and perhaps most significantly, community water infrastructure that supplies secure water to sports grounds, the local school, and community gardens. This is a community that knows how to come together around a shared ambition.
For Newstead, transitioning to 100% renewable energy is not just about climate change. Newstead sees an opportunity to reduce energy costs, and create social and economic benefits locally. There is a long way to go, but having secured an MOU with Powercor, the process of data sharing and collaboration around a commercial model that aligns interests of the community and Powercor can begin.
Will this be Victoria's first solar powered micro-grid? We think there is a good chance it will, and we think there is a good chance there will be plenty more to come.
It's an exciting time to be creating new futures for Australia's energy market.