Remote communities finding success with renewable energy tech

Indigenous Australians are becoming key players in the renewable energy market, with stakes in two groundbreaking projects.

Renewable energy is finding a place in remote Australia.

In Western Australia (WA), a new model of renewable energy investment is being pioneered with Indigenous enterprises as equity partners.

Carnegie Clean Energy Limited selected the Perth Noongar Foundation (PNF) and Indigenous Business Australia (IBA) as co-equity investors in the $17 million 10 MW Northam Solar Farm.

The project was designed to offer profit to investors from a range of revenue streams in addition to power sales. These include sales of renewable energy certificates, reserve capacity credit payments, a project development fee when the project reaches financial close and a share of the Engineer Procure Construct (EPC) as well as operation and maintenance margins.

Read Nadine Cranenburgh’s create engineering story - “Remote communities finding success with renewable energy tech.