AusBN– Residents of the Northern Rivers Region of New South Wales aim to start up their own energy retailer focused on renewables and benefiting communities.
The company, called Enova Energy, will not only sell renewable electricity but also advise people on how to install their own solar or leave the grid entirely.
Parent company Enova Community Ltd has prepared a detailed prospectus for the energy retailer’s initial public offering (IPO) through which it will source the capital funding required to start the company.
Alison Crook, chairwoman of Enova Community Ltd, said events would be held to inform the community of the plans and attract their support.
“We want the community to find out more, and get involved in Australia’s first community renewable energy retailer,” she said.
“Our goal is to reduce carbon emissions by retailing renewable energy by encouraging and facilitating the development of local renewable generation.
“We aim to be a model for other communities in developing a renewable energy future.”