In brief - Businesses should consider adopting energy
Renewable energy and energy efficiency remain important
considerations for business and private property owners alike. Two
recent announcements have created new opportunities for companies
involved in agribusiness or located in regional areas.
Clean Energy Finance Corporation and National Australia Bank
announce joint initiative
On 9 June 2015, the Clean Energy
Finance Corporation (CEFC) announced a joint initiative with
the National Australia Bank (NAB), providing $120 million of
funding by way of a 0.7% discount on the funding of qualifying
energy efficient assets to encourage the uptake of energy
efficiencies. Whilst the program is available nationally to
commercial businesses generally, it has a particular emphasis on
agribusiness and regional Australia.
The type of measures being targeted by this program include:
the upgrade of light and heavy vehicles to higher fuel
efficient, hybrid or electric vehicles
the improvement of manufacturing and agricultural plant and
equipment through the acquisition and installation of equipment
aimed at cutting energy use, such as high efficiency engines and
variable speed pumps
an increase in solar use through installation of rooftop solar
systems and solar hot water to replace diesel generation
the upgrade of buildings to cut energy use through upgrades to
heating, ventilation and air conditioning systems
the upgrade of industrial and commercial refrigeration
the enhanced adoption of biogas and waste-to-energy
Funding is limited to $5 million per project, with applications
made directly through NAB.
Feed-in tariffs introduced in Ergon Energy regions
The Queensland Competition Authority made preliminary
recommendations to the Energy Minister that households in the Ergon
Energy regions be paid six cents per kilowatt of excess power
produced by rooftop solar systems. Ergon Energy's website today
indicates a feed-in tariff of 6.348 cents per kilowatt taking
effect from 1 July 2015.
How can your business adopt energy efficiency measures?
There are many ways in which we can assist you or your business
to adopt energy efficiency measures.
Property: Negotiating lease amendments (on
behalf of the landlord or tenant) to provide for the installation
of equipment or infrastructure and distribution of the benefit of
measures, such as solar panels or power factor correction
Banking: Negotiating finance arrangements
(through any financial institution) for the installation of energy
Commercial: Reviewing third-party contracts
for the acquisition, installation and maintenance of energy
It is a common misconception that the grant of mining tenure, whether it be an Exploration Permit, Mineral Development Licence or Mining Lease, will entitle the holder to access all land within it in order to explore or mine.
The WA Government is considering the steps needed to implement full retail contestability in the WA electricity market.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).