{"id":62318,"date":"2022-05-31T06:18:30","date_gmt":"2022-05-30T19:48:30","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=62318"},"modified":"2022-05-31T06:18:30","modified_gmt":"2022-05-30T19:48:30","slug":"grong-grong-solar-crowdfunding-mb2494","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/grong-grong-solar-crowdfunding-mb2494\/","title":{"rendered":"Grong Grong Community Solar Crowdfunder Cranks Up"},"content":{"rendered":"

\"Grong<\/p>\n

Psst! Ever wanted to own a stake in a solar farm? Here’s your chance – but DYOR (do your own research). <\/p>\n

The proposed battery-ready Grong Grong Solar Farm project, to be situated 4 kilometres from the village of Grong Grong<\/a> in the Riverina Region of New South Wales, is being developed by Komo Energy. As solar farms go, it’s not going to be a big ‘un – just 1.7MWdc\/1.5MWac capacity and built on a 5-hectare site. Sub-5MW solar farms can be pretty attractive to developers as the red tape involved with getting them over the line is far less onerous.<\/p>\n

It was originally intended work on the $4 million project would kick off in July 2022, with the clean power station operational in December this year. I’m not clear on the timelines now, but once up and running the solar farm will generate around 3,700,000 kWh of green electricity per annum and avoid 3,100 tonnes of emissions each year.<\/p>\n

The project web site notes the facility will use 3,192 bifacial solar panels<\/a> – this is a type of panel that not only harvests from the face of the module as with conventional solar panels<\/a>, but also reflected light hitting the rear of it.<\/p>\n

Grong Grong Buy-In Starts At $250<\/h2>\n

From a development approvals point of view, Grong Grong Solar Farm<\/a> is ready to rock and Komo is now looking for more community investment.<\/p>\n

Retail equity investments start at $250, with a limit of $10,000; but there are no limits on sophisticated or wholesale investments. According to Komo Energy Director Jonathan Prendergast, 100 expressions of interest were registered in the first 24 hours after the crowdfunding campaign kicked off last week.<\/p>\n

“Opening up investment directly into Grong Grong Solar Farms allows everyday Australians to make their own judgement whether to back the company and project it is developing,” said Komo Energy. “Grong Grong Solar Farm is at finance stage, with planning and grid modelling approvals in place, nearing shovel readiness.”<\/p><\/blockquote>\n

According to the firm, this is Australia’s first community crowd-equity invested solar farm.<\/p>\n

Grong Grong And The Haystacks Solar Garden<\/h2>\n

Back in 2020 we mentioned Sydney’s Inner West Council was promoting an initiative whereby residents locked out of solar energy savings could access them through a proposed solar farm.\u00a0 This was called the Haystacks Solar Garden initiative<\/a>. The idea is residents can buy 3kW plots at Haystacks, with the electricity generated from their share appearing as credits on these “solar gardeners'” electricity bills.<\/p>\n

That project and Grong Grong Solar Farm are one and the same; just an added financing strategy has been launched with the crowdfunder. While investors won’t get on-bill credits, they will receive distribution of whatever profits are generated.<\/p>\n

Komo Energy is also aiming to establish other contracts to sell power into the NSW wholesale electricity market.<\/p>\n

You can find out more about the Grong Grong Solar Farm crowdfunder here<\/a>. And as the page advises, always consider the general CSF risk warning and offer document carefully before investing.<\/p>\n","protected":false},"excerpt":{"rendered":"

Psst! Ever wanted to own a stake in a solar farm? Here’s your chance – but DYOR (do your own research).<\/p>\n","protected":false},"author":17,"featured_media":62319,"comment_status":"open","ping_status":"closed","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":[678],"tags":[],"class_list":["post-62318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nGrong Grong Community Solar Crowdfunder Cranks Up<\/title>\n<meta name=\"description\" content=\"Psst! Ever wanted to own a stake in a solar farm? 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The solar garden concept seeks to address this\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":"Haystacks Solar Garden","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/haystacks-solar-garden.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/haystacks-solar-garden.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/haystacks-solar-garden.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/haystacks-solar-garden.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/haystacks-solar-garden.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":42811,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-garden-inner-west-mb1669\/","url_meta":{"origin":62318,"position":1},"title":"Sydney’s Inner West Council Residents Can Become “Solar Gardeners”","author":"Michael Bloch","date":"September 3, 2020","format":false,"excerpt":"Some of the many residents of Sydney's Inner West Council area currently locked out of solar savings will have the opportunity to access them through a proposed PV project 500 kilometres away. 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Energy Minister Matt Kean said seven projects will be supported by the Regional Community Energy Fund, which provides grants to community energy projects that create\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":"NSW Regional Community Energy Fund grants","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/community-energy-grants.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/community-energy-grants.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/community-energy-grants.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/community-energy-grants.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/community-energy-grants.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":63302,"url":"https:\/\/www.solarquotes.com.au\/blog\/inner-west-solar-mb2543\/","url_meta":{"origin":62318,"position":3},"title":"Solar Helps Inner West Council Further Distance From Fossil Fuels","author":"Michael Bloch","date":"July 7, 2022","format":false,"excerpt":"Sydney's Inner West Council has taken another big step back from fossil fuels, switching to 100% renewable energy for its electricity supply yesterday. In 2019, Inner West became the first council in the state to totally divest from fossil fuels. Since that time the organisation has been engaged in other\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":"Sydney's Inner West Council and solar energy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/inner-west-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/inner-west-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/inner-west-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/inner-west-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/inner-west-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":65687,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-garden-expands-mb2644\/","url_meta":{"origin":62318,"position":4},"title":"Haystacks Solar Garden Broadens Horizons","author":"Michael Bloch","date":"September 22, 2022","format":false,"excerpt":"A pioneering solar garden initiative in Australia geared towards renters and apartment-dwellers has expanded its potential \"gardener\" pool to several other states. While millions of Australians are enjoying the many benefits of having solar panels on their homes' rooftops, millions of others are still locked out of the savings -\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":"Haystacks Solar Garden","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/haystacks-solar-garden-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/haystacks-solar-garden-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/haystacks-solar-garden-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/haystacks-solar-garden-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/09\/haystacks-solar-garden-1.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":47720,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-strata-nsw-mb1884\/","url_meta":{"origin":62318,"position":5},"title":"NSW Government Makes Going Solar Simpler For Strata Owners\u00a0","author":"Michael Bloch","date":"February 18, 2021","format":false,"excerpt":"New amendments passed in NSW's Parliament on Tuesday will make it easier to install solar panels, batteries and other renewable energy technologies on strata buildings. In 2019, the Berejiklian Government committed to making regulatory changes removing barriers that prevent people living in apartments from benefiting from solar power, energy storage\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":"Solar for strata buildings in New South Wales","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/solar-strata-nsw.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\/solar-strata-nsw.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/solar-strata-nsw.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/solar-strata-nsw.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/solar-strata-nsw.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/62318","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\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=62318"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/62318\/revisions"}],"predecessor-version":[{"id":62321,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/62318\/revisions\/62321"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/62319"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=62318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=62318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=62318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}