ENOVA RAISES SUFFICIENT CAPITAL TO COMMENCE RETAIL OPERATIONS

On December 15, two days before the closing of their share offer, Enova Community Energy announced that it had secured more than the required minimum to commence retail operations in the NSW Northern Rivers area.  So Enova is set to become the first community owned electricity supplier in the country.  Its progress is certain to be watched with interest by people in other parts of Australia who are keen to see the expansion of renewable energy as well as communities taking power over their own energy futures.

Of the $3,238,000 raised by the time of the announcement, nearly 75% of the total of 857 share applicants came from the local community.  "This indicates the high level of local support from the local community, making us determined to take control of our renewable future, providing local jobs, enabling new technologies and community benefit projects across the Northern Rivers Region,"  said Alison Crook, the Enova Chair.

Some background on the establishment of Enova was given on September 19 in a CVCC post Enova: New Northern Rivers Energy Retailer.

For further information:  Enova website.

Founding Partners, L-R Steve Harris, Alison Crook, Melissa Mac Court, Patrick Halliday

 

ENOVA: NEW NORTHERN RIVERS ELECTRICITY RETAILER

Enova Renewable Community Energy, Australia’s first community-owned renewable energy retailer, was launched recently.

Enova plans to offer a wide range of services, including “best available energy offers” to the Northern Rivers community from the Clarence Valley to the Queensland border.

Enova has stated that its vision is to progressively:

• reduce our carbon footprint
• produce locally the energy that we consume
• accelerate the move to a more energy efficient system, implementing new technologies as they become available
• provide benefit to all socio-economic groups
• deliver excellent customer service
• create employment in the community

Representatives from Enova have been holding meetings throughout the region in the leadup to the launch of the company.  In the Clarence they addressed the Clarence Valley Council’s Climate Change Community Advisory Committee earlier in the year and several months later a U3A Jabberfest (the Grafton U3A’s monthly meeting) in Grafton. 

Following the release of the prospectus the group has been holding information meetings throughout the Northern Rivers region.

For further information  - Enova website