top of page

Community update: Our latest AGM, return for investors and tour news

The SolarShare AGM for the 2021/22 financial year was held on Friday 24 February in Canberra, with all resolutions passed. Congratulations to Gina Zheng, Neil Thompson, Eshan Ahuja and Ross McDiarmid on their election to the SolarShare Board.


From the perspective of the solar farm, we have had a successful year of generation. We have generated 1.91 GWh of electricity, which equates to 1,546 tonnes of CO2e offset, which is excellent. We remain strongly cash flow positive, which makes everyone happy.


We have now completed the process to make a capital return to our investors, with payments released on 5 April. This is an exciting milestone for SolarShare and we thank our investors for their patience to date, as we carefully navigate the regulations governing this transaction.


Investors tour the solar farm

A group of SolarShare investors toured the Majura Community Energy Project

We have recently held two tours of the Mount Majura Community Solar Farm, giving investors the chance to see the solar farm in action. We hosted a group of about 30 investors at the end of January.


Initially, this event was intended to include the planting of 18 trees on Majura Road with volunteers and the Majura Valley Landcare Group. However, we had to act quickly just before Christmas to plant the trees during a run of dry days. Thanks to local landholders for using their equipment to get the job done. So, with the trees already in the ground, our investors were able to see the native plants planted around the perimeter of the solar farm and help to complete a condition report on the existing plants.

Tree planting working party at the Majura Community Energy Project


We also heard from the Molonglo Conservation Group about the area’s water catchment and landcare activities, and about the migratory bird, the Latham’s Snipe, which has been spotted in the Majura Valley. In addition, we had a briefing from Sherry McArdle-English from the Majura Valley Landcare Group about Majura Valley issues affecting landholders. 


Of course, there was also an opportunity to see the solar farm in action and participate in a Q&A session with SolarShare Chairman Nick Fejer. In collaboration with the Majura Valley Land Care Group and Molonglo Conservation Group, SolarShare has committed to funding the planting of more trees along Majura Road. This initiative is aimed at supporting ongoing regeneration and land care activities and furthering the development of a tourist trail in the Majura Valley.


Following the AGM, we also hosted a small group of investors at the solar farm on Saturday 25 February.  



Commenting has been turned off.
bottom of page