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Community update: Major milestones and more


This year, the Board has prioritised returning a preliminary amount to investors and after careful consideration, we are now ready to commence the required process to make a capital return to members from income generated by the Mount Majura Community Solar Farm. We look forward to the upcoming AGM and achieving this major milestone. 


And, of course, we’re looking forward to sharing more news soon. Enjoy the following few articles in this newsletter. 

 

New trees for Majura Road

 

SolarShare, the Majura Valley Land Care Group and Molonglo Conservation Group are jointly organising a tree planting day. This important event will see more than 18 trees planted along Majura Road, funded by SolarShare. This initiative is in partnership with the Landcare Group to support ongoing regeneration and land care activities and to further the development of a tourist trail in the Majura Valley. We’re hoping this event will take place in January, if the soil dries considerably from its current waterlogged state. 

 

 

Visitors tour the solar farm 



A group of students from Indonesia visited the Majura Community Energy Project

Over the past few months, we’ve welcomed some special visitors to the Mount Majura Community Solar Farm, including a group of 25 students, who are taking part in an Indonesian Climate Finance Short Course funded through the Department of Foreign Affairs Australia Awards program. Delivered by Griffith University and ANU, the course explores the importance of climate finance to support Indonesia’s green economy and electricity transition. 


Our other visitors were Shadow Minister for Climate Change and Energy Ted O’Brien MP who chatted all things energy policy, and the Hon Paul Fletcher MP who spoke with Chairman Nick Fejer about the solar farm and the opportunities for similar farms in the future. 




Solar farm operations reports

 

The table below shows the electricity generated in the past year through spot market sales and the feed-in tariff (FiT) with the ACT Government. 



Investor engagement survey

 

This year, SolarShre conducted an in-depth investor engagement survey. Some key findings were that many investors would like to visit the solar farm, many would like to hear more often from SolarShare, and once SolarShare delivers its expected returns to investors, many are interested in future projects if the business cases prove viable. 


SolarShare is responding to the survey results in several ways. We are planning more tours of the solar farm, beefing up our communications program to provide more regular updates for investors and supporters, following through on delivery of a capital return to investors, and keeping investors informed on possible projects being considered and their feasibility. 

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