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Statement on the Federal Government’s 2007-08 Budget Announcement

Rodger Meads, Managing Director of Conergy Pty Ltd, has welcomed the decision by the Federal Government to invest a further $150 million in solar technology in the 2007-08 Budget release. 

The investment involves additional funding to increase the Photovoltaic Rebate Programme (PVRP) from $4 per Watt to $8 per Watt, up to a maximum of $8,000. It means that the approximate cost to install a 1kW domestic solar power system will drop from around $11,000 down to $7,000, allowing more households the possibility to produce clean electricity and reduce their pay-back time on the system. The announcement also includes a grants scheme for schools and communities, resources to train and accredit new installers, as well as further state-based REC’s and reductions in costs which will provide further incentives for Australians to take up renewable energy generation. 

Rodger Meads today said that “Conergy welcomes any initiatives and incentives offered by the Government that allow more households to install renewable energy systems. Many more people will now be able to play their part in combating climate change without breaking the bank. The new rebate acknowledges the value of grid connected solar and we applaud this decision. It will also naturally stimulate and grow the Australian renewable energy industry through strong policy settings. Australia is on its way to catching up in the global solar race and this is a significant step towards that goal.”

About Conergy
Since its founding in 1998, Hamburg-based Conergy AG has sold more than a gigawatt in renewable energy, making it one of the biggest suppliers of solar energy and other renewable energies, and a world leader in solar system integration. Of the one gigawatt in renewable energies, Conergy has installed more than 400 megawatts in its major projects, Of the total one gigawatt, 200 megawatts falls to its wind energy park projects and 800 to its globally marketed solar modules. Calculative one in ten modules worldwide was produced, sold or installed by Conergy. Listed on the Frankfurt Stock Exchange since 2005, the group pursues a global growth strategy, The company now produces, installs and designs solar power systems and wind turbines in around 15 countries. The Conergy Group is represented with its own branches on four continents.

Conergy Australia is a key player in the Australian renewable energy market, manufacturing and supplying high efficiency solar hot water, solar power and small wind power solutions. With an Australia-wide distribution network, state sales offices and warehousing in 4 key locations around the continent as well as in-house dedicated renewable energy engineers and sales teams, the company has become an important part of the Australian industry since it began operations here in 2005.

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