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We are a renewable energy fund with focus on commercial solar growth. Our model is funding, building and maintaining commercial solar systems throughout Australia and delivering value back to end energy users and building owners.
Solar Bay was founded in 2017 by two budding energy enthusiasts to tackle the problem of renewable energy financing. Today Solar Bay owns and manages some of the largest rooftop solar systems in Australia. We work with installers, landlords, tenants and owner occupiers to deliver a solution to match energy users needs, whilst providing a solution that requires no capex from our customers.
Our Fund Managers
James Doyle founded Sigma Energy a company specialising in Energy Consulting within NSW, he has previously worked as an analysts at ANZ and has comprehensive knowledge on the Australian electricity markets. He holds a Master of Commerce from The University of Sydney, a Bachelor of Commerce from Otago University, and is becoming accredited to design grid connected Solar Systems by the Clean Energy Council.
Andrew Archibald founded and grew Australia’s fastest growing digital agency Social Garden in 2011- . Finalist of The Young Victorian Entrepreneur Awards, Deloitte Technology 2016 Fast 50, Deloitte Fast 500 2016, BRW Fast Starters 2015. Member of the Property Council of Australia and Urban Development Institute of Australia. Andrew holds a Bacehelor of Commerce from The University of Otago and Leading with Finance from Harvard University.
What Are Our Values?
We are committed to providing Australian businesses with the ease of deploying commercial grade solar systems, with output assurance by committing $300m of funds over the next 3 years. Our committment is a joint initiative between Solar Bay and 3 of Australia’s largest family offices. We are working together to make Australia a cleaner, greener and more efficient global powerhouse.
Solar Bay offers commercial solar via the Solar as a Service model, where we pay for the infrastructure, and the client simply buys electricity. We remotely monitor, maintain and make upgrade recommendations in perpetuity.
Network tariff assessment & power factor correction
We’re big on analytics, so when sizing up a commercial solar system we’ll also consider the potential for manipulating your network tariffs. During this process we also see if power factor correction or improved energy brokering may help with total energy expenditure.
Thermal & battery storage
At present batteries are typically too expensive for most commercial solar systems. However if they aren’t feasible now we’re ready to upgrade all our solar systems when they become commercially viable. If a business operation requires significant heating or cooling then a thermal storage solutions will also be considered.
Often demand management can be implemented with minimal impact to your business. The financial benefits can be significant and bonus payments are typically made as demand response helps stabilise the grid, especially during heat waves.