Who is MyGreenerPlanet?
MyGreenerPlanet® (MGP)is a totally independent solar farm owner. It is not related to any Electricity Retailer, Utility, Broker or other Institution.
How is the money I invest used?
When you buy CleanGreenEnergy© from an MGP solar farm you are buying directly from the solar farm and not from an intermediary. Your money is paid directly to MGP and not any intermediary or broker. Your money goes directly towards purchasing the CleanGreenEnergy© produced/generated by the solar farm with the aim of achieving stable returns to generate reliable cash flows that are sufficient to meet payments to all investors. MGP is required to comply with APRA’s capital adequacy standards to help ensure that obligations can be met. MGP holds more assets in the statutory fund than the APRA minimum.
Where do my regular payments come from?
Your regular payments are made from the sale of the energy you purchase. Your energy is supplied to the national grid. The energy is sold to the wholesale electricity market. Your return comes from the proceeds of selling your energy to the wholesale electricity market.
How safe is my investment?
The MGP Solar Farm will produce electricity/energy for at least 30 years and will still be producing energy in 40 and 50 years. The energy produced is purely dependant on the sun shining and it does not require any other operating requirements. MGP complies with all legal and regulatory requirements as determined by its legal advisors, Norton Rose Fulbright.
How can I buy CleanGreenEnergy?
Go to the Join Page on the MGP website and select the amount you want to invest.
What will be my return each year?
A minimum return of % pa will be paid quarterly. An additional amount will be paid each year dependent on the success of the renewable energy industry.
For how long do my payments continue?
For the life of the solar farm.
What is the life of the solar farm?
Expected to be 40 years.
What costs are involved?
We do not deduct a management fee from the investment return, from your regular payments, or from your capital. Our costs are taken into account when setting the amount of your regular payments. You can, however, agree to the payment of adviser service fees with your financial adviser and authorise us to pay those fees to the Australian Financial Services Licensee who supervises your financial adviser (or your financial adviser directly if they are the licensee). Where you do so, the amount of your regular payments is reduced accordingly.
Can I withdraw my money before the end of the term?
You can. If you withdraw from your annuity before the end of the term, you may receive back an amount less than the amount you originally invested, even after taking into account any payments you’ve already received.
How do I know what type of electricity I am using at home/office/factory?
Surplus electricity generated by a rooftop solar array gets dumped onto the grid. These electrons are indistinguishable from electrons generated by a gas-fired power station or a solar farm. Each of these power sources acts like a hose feeding water into the same pool. You, the customer, are buying water from this pool. It’s impossible to discern whose water you’re buying, but you can determine who you would like to pay for what you take out.
How much do I receive each year?
Here are some factors that will influence the pay back of your investment. - The amount of power the solar system can produce. - The wholesale price of electricity received for the sale of the clean energy to the grid. - We understand that investing in solar power is a big decision and not to be taken lightly. We take the worry out by doing all the development work and using only the best equipment with long term warranties and guarantees, professional, fully accredited installation, feasibility studies on request, and full project management service.