CORENA leads the way in donation-based community energy, with their unique “Quick Win” revolving fund model that re-uses donated funds for multiple solar projects.
Donated funds are used to provide interest-free loans to community organisations so they can pay for solar installations and energy efficiency measures. These loans are repaid over time out of the savings made on power bills. Repayments then help fund subsequent projects.
Corena are fundraising for their 12th and 13th project and to-date have raised almost $120,000 – all donated by a growing supporter base from across Australia. Projects have been completed in South Australia, Western Australia, Victoria, New South Wales and Queensland.