Australian news, and some related international items

Clean Energy Finance Corporation helping irrigators to buy renewable energy

Aust-sunFunding for irrigators to buy renewable energy made available through Clean Energy Finance Corporation ABC Rural  By Sarina Locke , 29 May 15 Irrigators, furious with power price rises, are pushing hard to install renewable energy on their farms.

To date the financial backing from banks has been largely missing.

Now the Government backed Clean Energy Finance Corporation is poised to announce a partnership with a major bank, to help irrigators invest in more efficient energy. It is just the tip of renewable energy projects in agriculture, worth $3 billion that will need financial assistance from the Corporation in future……..

The Clean Energy Finance Corporation is responding. It has a program with the Commonwealth Bank, called the energy efficient loan for mid-sized companies, available nationwide. It offers small loans of $100,000 up to $5 million plus.

But the CEFC is poised to rollout more programs with other banks offering a similar product for irrigators.

“Variable speed pumps, solar facilities, making additional energy out of the water flow at the end of water pipes, recovering energy,” said Oliver Yates, of the Clean Energy Finance Corporation.

“If you’re going to upgrade your irrigation system we want them to do it in the most productive way possible and reduces consumption and reduces overall carbon emissions.” Big abattoirs, and a desalination plant for a South Australian greenhouse, have been the big borrowers to date with the Clean Energy Finance Corporation, not irrigators.

“They’ve been rather disaggregated to date, so we’re working with irrigators to deliver finance more effectively,” said Mr Yates.

“But with bio-methane, we’ve done a whole lot of projects wth Kingroy Pastoral Co, JBS on meats, AJ Bush, we’ve done a fertiliser project for biodigestion turning it into fertilizer in WA.
“Converting waste into energy is a significant benefit on farm.”

For the irrigators, Dale Holliss says they’d love to go off the grid altogether.

“As the prices go up, we’re further incentivised to go off the grid, but it’s a problem because energy companies increase their prices to get their revenue collection, in what’s termed the death spiral.

Asked if irrigators are a breed of people who want to get off the grid and separate from the network, Dale Holliss has a quick and dry response.

“I think irrigators are a breed of people who would like to be viable.”

May 30, 2015 - Posted by | AUSTRALIA - NATIONAL, efficiency, energy

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