Powercor signs MOU with Renewable Newstead, collaborating on the transition to 100% renewable energy. Story by Reneweconomy.
Is this a sign of the future? Of a new business model for utilities? Victorian network operator Powercor has signed a landmark agreement with a community group in the regional town of Newstead to support its transition to 100 per cent renewable, locally generated energy. The Memorandum of Understanding is the first major step for Renewable Newstead towards realising its plan of making the 500-person town 100 per cent renewable by 2021 – and potentially being the first in the state to do so – via a purpose built community-scale grid.