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Sunman Energy Scores $9.6Mn Australian Gov. Investment (Int'l.)
Sunman Energy
Date: 2020-11-11
In the Land Down Under, the Clean Energy Finance Corporation reports it has invested $9.6 million in the NSW-based solar tech company Sunman Energy.

The company's "eArc" solar cells are 70 pct lighter than glass solar cells, cheaper and easier to transport and install, malleable and durable enough to be glued onto roofs, incorporated into building materials and even shaped to fit refrigerated trucks.

The new funds will be used to expand the applications for the already proven technology and to ramp-up the company's international growth. (Source: Sunman, Sydney Morning Herald, 11 Nov., 2020) Contact: Sunman Energy, Shi Zhengrong, CTO, + 61 402 064 445, sales@sunman-energy.com, www.sunman-energy.com; Clean Energy Finance Corporation, Ian Learmonth, CEO, www.cefc.com.au

More Low-Carbon Energy News Sunman Energy,  Solar Cell,  


Aussie PM says Zero-Emissions Achievable but Won't say When (Int'l. Report)
Australia, Zero Emissions
Date: 2020-09-21
Further to our Jan 15, 2020 coverage when Australian Prime Minster Hon. Scott Morrison (Lib) claimed Australia's carbon emissions will be slashed by 42 pct within this decade -- a far greater reduction than the Australian Department of Environment's latest projection of just 4 pct by 2030 -- the PM now says Australia can achieve net-zero emissions by 2050 but won't commit to making that an explicit target.

Morrison notes reaching the goal will require more lower emissions technologies and energy sources such as carbon capture and storage (CCS) and hydrogen and to that end his government has pledged to put $1.9 billion into the Australian Renewable Energy Agency (ARENA) and the Clean Energy Finance Corporation (CEFE) while allowing them to back CCS projects which they are presently prohibited from making. (Source: Office of Australian Prime Minster Hon. Scott Morrison, PR, Sydney Morning Herald, 20 Sept., 2020) Contact: Office of Australian Prime Minster Hon. Scott Morrison, www.pm.gov.au/contact-your-pm; Australian Renewable Energy Agency, www.arena.gov; Clean Energy Finance Corporation, www.cefc.com.au

More Low-Carbon Energy News AREA,  Australia Climate Change,  Zero Emissions,  Scott Morrison,  


Clean Energy Finance Corp. Touts Green Home Loan Program (Int'l.)
Clean Energy Finance Corporation
Date: 2020-01-13
In the Land Down Under, the Clean Energy Finance Corporation (CEFC) is launching a green home loan program at 2.44 pct interest for borrowers who meet a minimum seven-star energy rating, which it says is the first loan to use energy efficiency measurement tools to determine eligibility. The Bank Australia -- the first lender to offer the scheme -- will draw on up to $60 million in CEFC finance, providing the interest rate discount to mortgages below $1.5 million

A minimum of seven stars under the Nationwide House Energy Rating Scheme (NatHERS) -- which rates the energy efficiency of a home based on its design -- exceeds the minimum standards of the National Construction Code, and homes built to this rating require less energy for heating and cooling.

At a later date, Bank Australia is expected extend the discounted loan program to finance green home improvements, including energy monitoring, energy storage systems, solar hot wate, energy efficient air conditioning and others. (Source: Clean Energy Finance Corp., Domain, 14 Jan., 2019) Contact: Clean Energy Finance Corporation, www.cefc.com.au

More Low-Carbon Energy News Clean Energy Finance Corporation,  Energy Efficiency ,  


Aussie Waste-to-Fuel Facility Announced (Int'l Report)
Clean Energy Finance Corporation
Date: 2018-08-03
In the Land Down Under, waste companies Cleanaway and ResourceCA are reporting plans for a new facility in the city of Sydney that will convert around 250,000 tpy of non-recyclable garbage into fuel which will be used for cement manufacturing and for export to Asian markets.

The facility , which will be co-owned by waste companies Cleanaway and ResourceCo, was supported by $30 million in funding from the Clean Energy Finance Corporation. A portion of the $30 million will be used for a second plant at a location yet to be identified. The NSW government provided $5 million in funding. The plant will process dry waste such as plastic, dirty paper and cardboard, and non-recyclable wood into small solid material -- processed engineered fuel (PEF) -- that can be burnt for power. Over the lifetime of the facility, it is forecast to reduce carbon emissions by about 4 million tonnes. (Source: CEFC, Sydney Morning Herald, 30 July, 2018) Contact: CEFC , Ian Learmonth, CEO, www.cefc.com.au

More Low-Carbon Energy News Waste-to-Fuel,  Clean Energy Finance Corporation,  


CEFC Trumpets Aussie Renewable Energy Investments (Int'l Report)
Clean Energy Finance Corporation
Date: 2018-08-01
In the Land Down Under, the Clean Energy Finance Corporation (CEFC) has confirmed that during the 2017-18 financial year, it provided $1.1 billion towards renewable energy projects, including 10 large-scale solar projects.

In FY18, CEFC set a new record in investment commitments, 53 pct of which went into renewable energy. In the 12 months to 30 June 2018, the Australian government's green bank invested in 10 large-scale solar projects and four wind farms, to deliver an additional 1,100MW in clean energy across Australia. This included $94 million for the Kennedy Energy Park, Australia's first fully integrated hybrid project that will combine 43.2 MW in wind capacity, 15 MW of solar PV, and 2 MWh of battery storage, as well as projects delivering low-cost energy to large industrial and commercial energy users through innovative power purchase agreements.

Overall, the CEFC made commitments of $2.3 billion, with 39 direct investments in renewable energy, energy efficiency, transport and waste-related projects -- $939 million in energy efficiency, $100 million in transport and $127 million in waste-related projects. Since its founding in 2013, CEFC has financially underpinned 2,400 MW of renewable energy projects, including more than 20 large-scale solar farms and 10 wind farms Australia-wide. (Source: CEFC, July 30, 2018) Contact: Clean Energy Finance Corporation, www.cefc.com.au

More Low-Carbon Energy News Australia Renewable Energy,  


Australia's CEFC Invests $35Mn in Smart Meters (Int'l Report)
Clean Energy Finance Corp.,Landis+Gyr
Date: 2018-07-09
The Clean Energy Finance Corp (CEFC), an Australian government owned "green bank", reports it has invested $35 million in debt funding into smart meter technology provider intelliHUB -- a joint venture between Pacific Equity Partners and the Swiss-based global smart meter company LandisGyr.

The CEFC investment is part of a debt finance package to support intelliHUB's growth plans. The CEFC was established to facilitate increased flows of finance into the clean energy sector.

According to CEFC grid solutions and storage lead Simon Brooker, there are approximately 9 million metering points in the national electricity market and by accelerating their conversion to smarter technologies, consumers will benefit from more meaningful information relating to their energy consumption. (Source: CEFC, CIO, Twitter, 4 July, 2018) Contact: CEFC, Ian Learmonth, CEO, www.cefc.com.au; Landis+Gyr, Mike Cooper, General Manager of Distributed Generation and Energy Storage , http://landisgyr.com

More Low-Carbon Energy News Clean Energy Finance Corp ,  Smart Meter,  LandisGyr,  

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