CEFC has the potential to "supercharge solar"25th May 2012
Legislation has been passed to establish the Clean Energy Finance Corporation (CEFC), which could bring all sorts of benefits to the Australian solar power industry.
Now, we understand that the CEFC isn't likely to have you jumping in your seat, but has the Australian Solar Energy Society (AuSES) very excited about the industry's future.
In basic terms, the CEFC is designed to leverage $10 billion of financing from the private sector for clean technology and renewable energy projects, potentially leading to more large-scale solar power systems.
To an everyday consumer, this might not seem relevant, but what if you could receive your electricity from renewable sources and pay less for it at the same time?
AuSES chief executive John Grimes explained further: "Big Solar makes economic sense in many parts of Australia with the cost of solar declining rapidly and the price of polluting power continuing to rise."
This latest investment is essential for making sure that technology continues to improve and develop - solar panel manufacturers all over the world are striving to make their products as effective as they can!
It could only be a matter of time before Australia becomes a world leader in solar power - and this is the latest step in the right direction.
Posted by Mike Peacock