Renewable Energy Solutions

Deemed Solar VEECs for C&I: Save 35% On Upfront Cost of Solar

A new incentive announced under the Victorian Energy Upgrades (VEU) program will reduce the upfront cost of installing solar systems for C&I sites by up to 35%. Hear more from Smart MD Huon Hoogesteger, and Julian Fr...

The recent announcement of Sydney-based craft beer brewery, 4 Pines, has successfully crowdfunded $100,000 to build solar panels at its brewery is a positive step towards a greener future. We are thrilled to announce that we'll be undertaking this project alongside of notable solar investment managers and engineers from Pingala and ClearSky Solar Investment.
 
Here is an excerpt, as covered by The Australian Financial Review:

Having raised the money in 17 minutes, 4 Pines' brewery, offices and pack line in Brookvale in Sydney's north shore will enjoy cheaper solar energy from a newly installed 100kW solar system.

In return, investors get a return of roughly 8 per cent, a figure that is determined using 20-year historical data on sunshine radiation and usage patterns. That work is undertaken by 4 Pines' crowd funders and solar investment managers and engineers, Pingala, ClearSky Solar Investment and Smart Commercial Solar.

"4 Pines' brewery, offices and pack line in Brookvale in Sydney's north shore will enjoy cheaper solar energy from a newly installed 100kW solar system", said Thomas Klockseth.

4 Pines is owned by the world's largest brewer, Anheuser-Busch InBev, which bought it in September 2017.

"It's really a new class of investment because it is not like the stock market or the money market or house prices. It is something we can predict within an accurate range and the only risks are if the end users go bankrupt," ClearSky's Warren Yates said.

With rising energy costs, property developers and owners are seeing the benefits of setting up their own renewable energy sources, which also benefit buyers and tenants.

 

Climate action

Stockland has placed solar installations at its residential communities and shopping centres. Mirvac and Clean Energy Finance Corporation have built a range of clean energy sources at Mirvac's communities.

For 4 Pines, the company will pay cheaper electricity prices – it did not reveal the amount – through a 10-year Power Purchase Agreement. The solar panels will provide 40 per cent of 4 Pines' electricity needs; the company hopes to fully source all its energy from renewable sources by 2025.

"To brew beer for the next 100 years we understand our need to take climate action now. We see the value and importance in renewable energy but didn't want to be the only ones to benefit from the solar system set to power our brewery," 4 Pines sustainability manager Kiera Murphy said.

Pingala and ClearSky raised monies from 4 Pines' employees, its beer club members, and mum and dad and self-managed superannuation fund investors across the country.

Pingala invested a single parcel of $76,000, raised through its co-operative of members buying $250 units each. The rest was raised by ClearSky from investors buying units in its trust at a minimum investment of $2000.

Access the full article here

 

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Written by
Anastasi Kotoros

Head of People & Culture

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