13 November 2015 2015 01:12 AM GMT

Clean Energy Finance to Support Low Emissions Transport With Funding

Australia’s Clean Energy Finance Corp. and fleet leasing Eclipx will set up a A$50 million to support the increased uptake of low emissions vehicles.

The funding package will provide Eclipx’s corporate, government and not-for-profit fleet buyers with access to favourable loan interest rates when choosing eligible low emissions passenger and light commercial vehicles.

“This is an important initiative intended to encourage fleet buyers to select more efficient vehicles,” said CEFC CEO Oliver Yates. “More efficient fleets will reduce emissions as well as reduce operating costs, achieving productivity and environmental gains. Transport is a leading factor in Australia’s greenhouse gas emissions, with light vehicles alone accounting for an estimated 10 per cent of our total emissions. This is clearly an area where we need to take action, and by focusing on fleet buyers we are hoping to see an accelerated uptake of low emissions vehicles.”

Eclipx has over A$1.7 billion of fleet assets under management or financed across Australia and New Zealand. This represents more than 10% of the Australian-funded commercial vehicle leasing market.

In order to be eligible for the CEFC finance, Eclipx customers must ensure the vehicles meet a CO2 emissions threshold that is 20 per cent below the most recently published Australian averages for new passenger and light commercial vehicles. The provision of CEFC finance will provide an incentive for vehicle fleet users to make more emissions-sensitive buying decisions.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

November 19th 2018
US: EIA Data Shows Renewables Outpacing Nuclear Power In Electrical Generation

The latest data from the U.S. Energy Information Administration (EIA) is showing that electrical generation by renewable sources has edged past nuclear power. Additionally, wind and solar now provide 10% of the nation’s electricity, overall; with solar alone surpassing biomass and geothermal combined. Significantly, solar now triples electrical generation by oil. In addition, the data reveals that solar and wind both showed strong growth with solar (i.e., utility-scale + distributed PV) expanding by 27.6% and wind by 11.2%. Combined, they accounted for nearly a tenth of the nation’s electrical generation.

August 9th 2019
Arsenal Unveil Battery Storage System: First Of Its Kind At A UK Football Club

Arsenal Football Club has unveiled a battery storage system (BSS) to store enough energy to run the 60,000 seater Emirates Stadium from kick-off to full time. It follows a unique collaboration with Pivot Power to install a 2MW/2.5MWh lithium ion BSS, with funds managed by Downing LLP. The project, the first of its kind in the UK, will also save club money as it works to support low-carbon plans. The BSS allows Arsenal to avoid peak power prices, buying electricity when it is cheap and storing it for use when prices are high. Typically, energy can cost three times more at peak times than overnight. The installation maintains Arsenal as the leader in sustainability in sport following its commitment to clean energy with Octopus Energy in 2016.

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