CORENA: Difference between revisions
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CORENA is an abbreviation |
CORENA is an abbreviation of "Citizens [sic] Own Renewable Energy Network Australia Incorporated", an Australian not-for-profit group that uses a crowdfunding model to source loans for community level renewable energy projects. |
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== History == |
== History == |
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The concept was inspired by a conversation between founder Margaret Hender and a relative, wherein they discussed the possibility of Australia becoming powered entirely by renewable energy. A study published by Beyond Zero Emissions established that the goal was achievable if each household contributed $8 per week over 10 years<ref>{{cite web|title=Stationary Energy Plan|url=bze.org.au/zero-carbon-australia/stationary-energy-plan|publisher=Beyond Zero Emissions|accessdate=11 November 2014}}</ref>. Thus CORENA was established to act as a focal point for the community desire to participate in such a scheme. |
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CORENA was incorporated on 22nd April, 2013. |
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=== Name === |
=== Name === |
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the |
The lack of an apostrophe in the official title of the organisation stems from the requirement that the name of a financial institution account needs to exactly match the name of an organisation as it appears in its incorporation documents. Furthermore, the account name input fields of financial institutions don't accept the apostrophe as a valid character, causing deposits to bounce if the entered name does not match the account name. Hence for practical reasons the apostrophe remains omitted in spite of the grammatical error. |
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== Projects == |
== Projects == |
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=== Big Win Project === |
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The first Big Win project aims to collect AU$5 million with the aim of using this money to enable the first stage of building a 50 MegaWatt solar thermal and storage plant, including planning, the purchase of land and auxiliary power. |
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=== Quick Win Projects === |
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CORENA also co-ordinates a series of Quick Win projects that provide interest-free loans, consisting of monies collected through donations, to non-profit community groups for the purpose of building rooftop solar power or solar hot water systems. |
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== References == |
== References == |
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== External links == |
== External links == |
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[http://corenafund.org.au Official website] |
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Revision as of 01:55, 11 November 2014
CORENA is an abbreviation of "Citizens [sic] Own Renewable Energy Network Australia Incorporated", an Australian not-for-profit group that uses a crowdfunding model to source loans for community level renewable energy projects.
History
The concept was inspired by a conversation between founder Margaret Hender and a relative, wherein they discussed the possibility of Australia becoming powered entirely by renewable energy. A study published by Beyond Zero Emissions established that the goal was achievable if each household contributed $8 per week over 10 years[1]. Thus CORENA was established to act as a focal point for the community desire to participate in such a scheme.
CORENA was incorporated on 22nd April, 2013.
Name
The lack of an apostrophe in the official title of the organisation stems from the requirement that the name of a financial institution account needs to exactly match the name of an organisation as it appears in its incorporation documents. Furthermore, the account name input fields of financial institutions don't accept the apostrophe as a valid character, causing deposits to bounce if the entered name does not match the account name. Hence for practical reasons the apostrophe remains omitted in spite of the grammatical error.
Projects
Big Win Project
The first Big Win project aims to collect AU$5 million with the aim of using this money to enable the first stage of building a 50 MegaWatt solar thermal and storage plant, including planning, the purchase of land and auxiliary power.
Quick Win Projects
CORENA also co-ordinates a series of Quick Win projects that provide interest-free loans, consisting of monies collected through donations, to non-profit community groups for the purpose of building rooftop solar power or solar hot water systems.