{"id":3063,"date":"2013-11-24T17:06:44","date_gmt":"2013-11-24T06:36:44","guid":{"rendered":"http:\/\/www.solarquotes.com.au\/blog\/?p=3063"},"modified":"2017-10-25T10:09:44","modified_gmt":"2017-10-24T23:39:44","slug":"innovation-rules-ok-charitys-approach-clean-energy-fundraising-pays-dividends","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/innovation-rules-ok-charitys-approach-clean-energy-fundraising-pays-dividends\/","title":{"rendered":"Innovation rules OK? Charity’s approach to clean energy fundraising pays dividends"},"content":{"rendered":"
\"CORENA<\/a>

CORENA – Citizens doing it for themselves<\/p><\/div>\n

Two subjects we always like to cover in these pages are good news Australian solar stories and innovation and inventiveness with regard to clean energy fund raising. So the planets must have been in alignment when Finn bailed up your correspondent this week at the SQHQ water cooler and told me about CORENA<\/a>.<\/p>\n

Finn’s enthusiastic re-telling of his meeting with CORENA’s Margaret Hender at a function got your correspondent scampering over to the website<\/a> and Facebook Page<\/a> to find out more. There was a trove of information on a remarkable Aussie charity with a enterprising and innovative approach to funding small and large clean energy projects such as solar power.<\/p>\n

CORENA (Citizens Own Renewable Energy Network Australia) is an organisation designed to energise people power towards a sustainable energy future by raising seed funding projects. The emphasis is on the small project here readers — though funds are also raised for larger projects — where CORENA nominates a small project and concentrates its efforts on realising those aims before moving on to the next fund-raising venture.<\/p>\n

And the beauty of CORENA’a model is that<\/strong> – because Solar PV provides a positive return on investment, your contribution’s cash returns will be pumped into future projects, and in a few years time the whole caboodle should become self funding.<\/strong><\/p>\n

Here’s how CORENA put it:<\/p>\n

Let\u2019s assume one new Small Project each month costing an average of $20,000.<\/p>\n

10 years x 12 projects\/yr x $20,000 = $2.4 million (or 100,000 people each donating $24)<\/p>\n

Assume (very conservatively) a 10 year payback period, meaning quarterly repayments are $500 per project.<\/p>\n

120 projects x $500 = $60,000 per quarter<\/p>\n

That is enough for one new project every month, forever, without ever needing any more donations!<\/p>\n

\"How<\/a>

How the cash flows work in the CORENA model.<\/p><\/div><\/blockquote>\n

Gandhi’s “be the change” you want to see appears to be a motto suited to CORENA as they take the initiative on clean energy funding in Australia.<\/p>\n

However one paragraph in the charity’s “About Us” certainly resonated with us here in the SQHQ bunker. That of direct action towards a clean energy future for Australia rather than dithering around waiting for governments to show any form of leadership.<\/p>\n

From the CORENA website:<\/p>\n

“The CORENA Fund provides a \u2018place\u2019 where people can send their contributions. It enables everyone who wants more renewable energy NOW to collectively get on with the job, rather than just waiting on government action.”<\/p><\/blockquote>\n

Music to our ears readers.<\/p>\n

As always we’d like your opinion on this solar charity. Do you believe it to be the way forward for raising money for small and large clean energy projects in this country? We invite you to drop over to the CORENA website<\/a>, Facebook Page<\/a> and Twitter feed <\/a>if you like what you see and want to find out more. Pop back and comment here or over at our own Facebook Page<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Two subjects we always like to cover in these pages are good news Australian solar stories and innovation and inventiveness with regard to clean energy fund raising. So the planets must have been in alignment when Finn bailed up your correspondent this week at the SQHQ water cooler and told me about CORENA.<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[56],"tags":[87],"class_list":["post-3063","post","type-post","status-publish","format-standard","hentry","category-economics","tag-solar-charities","entry"],"acf":[],"yoast_head":"\nInnovation rules OK? 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It relies on donations and gate takings to operate, but\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Highfields Pioneer Village solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/highfields-pioneer-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/highfields-pioneer-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/highfields-pioneer-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/highfields-pioneer-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/highfields-pioneer-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":52014,"url":"https:\/\/www.solarquotes.com.au\/blog\/synergy-community-solar-mb2073\/","url_meta":{"origin":3063,"position":2},"title":"WA Non-Profits Score Solar Power Systems From Synergy","author":"Michael Bloch","date":"July 13, 2021","format":false,"excerpt":"Synergy has announced its 2021 Community Solar Fund recipients. 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Crossways Community Hub - a cafe, op-shop and low-cost food pantry in Kelmscott.\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Community Solar Fund","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/solar-community-wa.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/solar-community-wa.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/solar-community-wa.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/solar-community-wa.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/solar-community-wa.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":3074,"url":"https:\/\/www.solarquotes.com.au\/blog\/japans-shimizu-really-big-picture-solar-power\/","url_meta":{"origin":3063,"position":3},"title":"Japan puts solar on the moon to solve the world’s energy needs.","author":"Staff Writer","date":"December 2, 2013","format":false,"excerpt":"As regular readers will have picked up, here at SQHQ we enjoy covering the latest innovation in alternative energy sources. Last week we brought you the wonderful work being done in fundraising for solar power by CORENA (Citizens Own Renewable Energy Network Australia). CORENA's ethos of operating through small, community-based\u2026","rel":"","context":"In "Big Solar"","block_context":{"text":"Big Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/utility-scale-solar\/"},"img":{"alt_text":"solar-moon","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2013\/12\/solar-moon.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15768,"url":"https:\/\/www.solarquotes.com.au\/blog\/community-solar-geelong-mb0245\/","url_meta":{"origin":3063,"position":4},"title":"Community Solar Kickstart For Geelong Sustainability","author":"Michael Bloch","date":"October 11, 2017","format":false,"excerpt":"The Victorian Government is providing a $140,000 grant to support the implementation of Geelong Sustainability's community solar investment model. The first Community Owned Renewable Energy (CORE) project to be executed via the fund will be a 149kW solar power system at the Multicultural Aged Care (MACS) facility. The project will\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Geelong Sustainability - Community Solar Power","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/geelong-sustainability-community-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/geelong-sustainability-community-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/geelong-sustainability-community-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/geelong-sustainability-community-solar.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":52717,"url":"https:\/\/www.solarquotes.com.au\/blog\/shoalhaven-solar-farm-mb2106\/","url_meta":{"origin":3063,"position":5},"title":"Shoalhaven Solar Farm To Support Even More Renewables","author":"Michael Bloch","date":"August 6, 2021","format":false,"excerpt":"Upfront rental income paid to Shoalhaven City Council for the site of a solar farm has been earmarked to support new renewable and energy efficiency projects. Shoalhaven Solar Farm is currently under construction in South Nowra, New South Wales. The 3MW(ac) project has been made possible through a partnership between\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Shoalhaven solar fund","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/shoalhaven-solar-fund.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/shoalhaven-solar-fund.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/shoalhaven-solar-fund.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/shoalhaven-solar-fund.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/shoalhaven-solar-fund.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=3063"}],"version-history":[{"count":4,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3063\/revisions"}],"predecessor-version":[{"id":3069,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3063\/revisions\/3069"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=3063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=3063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=3063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}