Residents keen on buying a share of solar power as part of the creation of a solar farm on the city's edge will get the chance at a public meeting at The Hive in McNamara Street at 5.30pm on Friday April 16.
Energy Democracy spokeswoman Jane Lawrence said there were 917 parcels of shares available at $4995 each. Some of those have already been sold.
The Energy Democracy Central West NSW Co-operative aims to own up to 44 per cent of the 5 megawatt Orange Community Renewable Energy Park, due to be commissioned this year on the Molong Road. The co-op is seeking members to purchase parcels of shares equating to 2.5 kilowatts of solar panels and 2.5 kilowatts per hour battery storage.
The offer is particularly aimed at people who don't own the roof above their home (including renters, people in multi-storey units) who want solar power.
Octopus Investments Aust Pty Ltd is the managing entity for the fund which will own the majority of shares in the Orange Community Renewable Energy Park.
"If the co-operative doesn't take up its entitlement by the time the park is commissioned, the project underwriter [Octopus Investments] will increase its stake," she said.
Chair of the co-operative, Kate Hook said it was an 'important and limited opportunity' for the community.
"It seems unfair that one has to own a suitable roof to be able to get cheaper electricity. If everyone had equitable access, the savings made by households and small businesses could be channelled back into the community," she said.
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