Ranges Energy Co-operative Ltd.Become a solar farmer!
' Ranges Energy Co-operative Limited ' was formed in August 2011.
It is a joint project between Sustainable Engineering and the Dandenong Ranges Renewable Energy Association.
This co-operative was formed in order to build Victoria’s first, community owned solar farm.
The solar farm is planned to be about 80 kW (350 panels).
It will be sited on the roof of a large commercial or civic building. The power will be sold directly to the business / organization occupying the building. There is currently one likely building.
One share in the co-operative will cost $1.00 with a minimum purchase of 100 shares.
Shareholders will be paid an annual dividend from the electricity produced minus costs. We expect that the initial investment will have been repayed by year 7 or year 8 of the 25 year project.
Our aim in this project is to demonstrate a successful solar farm model which can then be replicated throughout Australia. We believe in a more distributed energy system where more electricity is produced close to where it is used.
To become a member please read our disclosure statement, then complete a membership application form.
Send that and a cheque for the number of shares you wish to purchase to: PO Box 1002, Upwey, Victoria 3158.
Disclosure Statement Membership Application