“Our agreement with SUSI Partners will allow everyday West Australians to take back ownership of their power and help transform our energy system as fast as it takes to sign up online.” – Brian Innes
A global agreement up to AUD $50 million between local West Australian energy project developer, Starling Energy Group, and SUSI Partners, the Swiss fund manager specialising in sustainable energy investments, will help turbo charge the Plico Energy movement and help make affordable renewable energy available to everyday Australians.
As a result of the agreement, Starling Energy is rolling out the program throughout the State under the dedicated Plico Energy brand, aiming to build the world’s largest Virtual Power Plant that puts WA communities at the centre of the energy transition.
The agreement sees Starling Energy act as the preferred global developer for Virtual Power Plant (VPP) projects, installation manager and VPP operator for SUSI Partners, which in turn will be the sole financier to the projects.
A VPP is a network of solar photovoltaic (PV) panels and battery systems working together to generate and store energy. It can provide 6.5 MW of solar power at peak, 7.2 GWH of energy per year and displace 7 KT of carbon emissions (CO²-e) every year, enabling community members to generate, store and use their own renewable energy*.
“Plico Energy began as a small community initiative in Dunsborough, which is quickly growing and spreading throughout the South West region. With the support of SUSI Partners, we can now grow our Plico movement throughout the State and really kick-start our energy revolution,” Starling Energy Group Managing Director, Brian Innes, said.
“Our planet is at crisis point – we must act now. By ending our reliance on traditional fossil power that drastically contributes to climate change, we now have a viable cleaner option that’s available to everyone for the price of their daily coffee.”
From just one low weekly fee, the system allows Plico members to produce, control and consume their own clean energy, helping to decarbonise the energy mix. By harnessing the energy of the sun with the assistance of cutting-edge battery inverter technology, this system effectively empowers households to produce their own energy without relying on traditional fossil power.
* based on 1,000 systems