PROJECTS
Community Housing
Cloverleaf is presently funding circa $1.1b of social, affordable and disability accommodation in NSW, Queensland, Victoria and Western Australia. This is much needed new supply to help vulnerable Australians in the middle of a housing crisis.
Cloverleaf is financier to 14 successful HAFF projects
The Housing Australia Future Fund (HAFF) is the Federal Government's scheme to support the delivery of 20,000 new social and 20,000 new affordable homes across Australia by 2029. In total, $13 billion of Federal Government support has been budget to provide upfront grants, concessional loans and Availability Payments supporting a project over 25 years.
VPPs, embedded networks and community battery systems for residential housing
Cloverleaf also develops and funds related housing energy transition projects, to help Australia and our partners achieve Net Zero. Examples include virtual power plants, embedded networks and community batteries.
Virtual Power Plant
Cloverleaf is working to build Australia largest virtual power plant on Community Housing. This is our passion project: combining our work and relationships in both Community Housing and Energy Transition
Lower Power Prices
A virtual power plant should provide a significant discount to the next cheapest market price. This is as a result of avoiding the c. 40% of a typical power bill is charged to pay for transmission and distribution costs.
Green Energy
A virtual power plant combines solar panels on roofs and battery storage on residential walls with scale - such that, when combined, it may generate the equivalent energy of a traditional power station. How big depends on how many homes we connect.
No Lock-in Contact
We don't do this at the expense of the tenant. A VPP should deliver tenants cheaper and greener power without any lock-in contract. And we pay for 100% of the required capex and are responsible for its maintenance throughout its life.