Citizens Own Renewable Energy Network Australia is in the news again funding two worthy projects to support community organizations’ move to renewables. CORENA is providing interest-free renewable energy loans to the Barnardos South Coast Children’s Family Centre in Wollongong, New South Wales, and the Heritage-listed Capri theatre in Adelaide, South Australia.was built in 1941 in art deco style. It houses a 1923 world-class WurliTzer theatre pipe organ.
Barnardos South Coast Children’s Family Centre Manager Maria Corsiglia states, “The benefits of solar energy for Barnardos are two-fold as it creates environmental benefits for our community whilst also ensuring we reduce our overall operating costs into the future. This means we can dedicate more funds to support local children and their families. Moving away from coal fired energy to clean energy sources is the way of the future and I’m proud that Barnardos and CORENA are leading by example.
CORENA funds carbon emission reduction projects throughout Australia via interest-free loans. It is a registered charity providing loans to community, nonprofit, and social enterprise organisations. CORENA’s revolving climate fund uses donations from ordinary Australians and interest-free loan repayments from previous projects to finance new projects. From $626,432 in donations, $1.2 million in climate impact has been funded. This multiplier effect has enabled a $100 donation to the first project in 2013 to achieve the equivalent of $451 in renewable energy installations.
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