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While Australia is far from the renewable capital of the world, the Australian Capital Territory may soon be among the worlds top renewable energy regions. And as it transitions, the ACT is demonstrating the benefits of the renewables boom to the rest of the country. In 2016 the ACT government legislated the target of sourcing 100% renewable energy by the end of this decade . It is the most ambitious renewable plan in the country, although Victoria is pushing ahead with a target of 40% by 2025. New South Wales has lagged behind other states, and doesnt have a specific renewable energy target, but it aims to have net-zero emissions by 2050. Its our flagship project for the Canberra community, he says. Thats about enough power for two to three hundred homes and well have in the range of 500 to 600 investors, who together own this solar power array, McIntosh says. Those owner-investors will come from the physician home construction loan Oak Laurel 0430129662 local community, with people in the ACT invited to buy shares in the project, which start from about $500. While one in 10 ACT households has solar on their roof, many other homes are not suitable for solar they may be renters, live in an apartment, or have shading over their roofs.