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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,  


CEFC Funds Zen Ecosystems Smart Thermostat Growth (Funding)
Zen Ecosystems,Clean Energy Finance
Date: 2018-04-30
A company that has developed a "smart thermostat" to allow businesses and homes to remotely control and reduce their energy consumption has received a In the Land Down Under, Zen Ecosystems -- which has developed intelligent energy management solutions that could save Australian businesses as much as 25 pct on their energy consumption -- reports receipt of $5 million (AUS) in equity funding from the Clean Energy Finance Corporation's (CEFC) innovation fund. The funds will be used to help the company expand their product roll-out in Australia and the US where they have already gained a foothold.

Zen Eco Systems' two main products are Zen Thermostat that allows homes to remotely control and reduce their energy consumption, and the Zen HQ, a low-cost cloud-based platform for smaller businesses trying to manage energy-intensive assets across single and multiple sites.

Zen Eco Systems is one of 10 companies working on a demand response trail with the Australian Energy Market Operator and Australian Renewable Energy Agency. As part of the project, Zen Ecosystems will deploy a network of connected, smart thermostats in commercial buildings and households in Victoria and South Australia. The network can then be controlled to reduce energy consumption when called upon by AEMO. (Source: Zen Ecosystems, Financial Review, 29 April, 2018) Contact: Zen Ecosystems, James McPhail, CEO, info@zenecosystems.com, www.zenecosystems.com; Clean Energy Finance, info@cefc.com.au; www.cefc.com.au

More Low-Carbon Energy News Zen Ecosystems,  Smart Thermostat,  Clean Energy Finance,  


CEFC Commits $250Mn to Energy Efficient Community Housing (Funding)
Clean Energy Finance Corporation
Date: 2018-02-12
In the Land Down Under, the Clean Energy Finance Corporation (CEFC) reports it will invest $250 million on a new , 1,000 home energy efficient community housing program in Sydney.

The new homes will be built to an average 7 star Nationwide House Energy Rating Scheme (NatHERS) rating. A higher rating means less energy goes to heating, cooling and powering appliances. The Australian government requires all new homes to have at least a 6 star NatHERS rating. However, a 7 star rating should translate into a 25 per cent cut in energy use compared with the average home.

According to the Australian Department of the Environment and Energy, Australian households are responsible for about 20 pct of greenhouse gas emissions. The average household generates more tham 7 tpy of greenhouse gas emissions. (Source: Clean Energy Finance Corporation, Energy Matters, 9 Feb., 2018) Contact: CEFC, info@cefc.com.au, www.cefc.com.au

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


Aussie Oakey 2 Solar Farm Reaches Financial Close (Ind. Report)
Canadian Solar
Date: 2018-01-03
Guelph, Ontario-headquartered Canadian Solar Inc.reports the 70 MW Oakey 2 Solar Farm in Queensland, Australia has reached financial close with the Clean Energy Finance Corporation (CEFC) for a facility commitment of approximately A$55 million (US$42.8 million).

Canadian Solar has a EPC contract to complete the construction of the Oakey 2 Solar Farm as well as a 2 year O&M services contractfor the Oakey 2 Solar Farm which is expected to begin commercial operation in November 2018. Once operational, the project will generate approximately 138,800 MWh of clean solar power per year powering over 23,000 homes in Queensland.(Source: Canadian Solar Inc., PR, 2 Jan., 2018)Contact: Canadian Solar, Dr. Shawn Qu, CEO, www.canadiansolar.com

More Low-Carbon Energy News Solar,  Canadian Solar,  


Canadian Solar Selling Interests in Aussie Solar Farms (M&A)
Canadian Solar
Date: 2017-10-20
Guelph, Ontario-headquartered Canadian Solar Inc reports it has agreed to sell interests in three Australian solar farms with an aggregate 117 MWp to Foresight Solar Fund Limited ("FSFL"). The portfolio includes Longreach Solar Farm (17 MWp), Oakey 1 Solar Farm (30 MWp) and Oakey 2 Solar Farm (70 MWp) with FSFL acquiring 49 pct interests in each of Longreach and Oakey 1, and a 100 pct interest in Oakey 2. The Oakey 1 and Longreach facilities have 20-year PPAs with the Queensland Government and are under construction with connection to the grid expected in March and September 2018 respectively.

Both Oakey 1 and Longreach have been funded to date by equity from Canadian Solar, grants from the Australian Renewable Energy Agency (ARENA) , and senior debt from the Clean Energy Finance Corporation (CEFC) and Bank of Tokyo-Mitsubishi UFJ. (Source: Canadian Solar Inc., PR, 16 Oct., 2017) Contact: Canadian Solar, Dr. Shawn Qu, CEO, www.canadiansolar.com; Foresight Group, www.foresightgroup.com

More Low-Carbon Energy News Canadaian Solar,  Solar,  

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