14.5 C
Byron Shire
April 19, 2021

Northern rivers power company announces public float

Latest News

No accountability for proven police misconduct

On Australia Day in 1998, I was the legal observer for the ‘Nude Ain’t Rude’ rally at Belongil Beach.

Other News

Beach Hotel gets a $6m makeover

Owners of the Beach Hotel, Moelis, say they undertook extensive repairs and updates to the tune of around $6m after COVID-19 forced closure and limited trading last year.

Local start-up brings you breakfast in bed

Breakfast is now a whole lot more luxurious with the recent launch of Le Petit Brekkie in the Byron Shire. Changing how we enjoy breakfast, Emma and Kevin, the team behind the business, curate fresh, locally sourced breakfast boxes to be delivered directly to their clients’ doors. With the tagline ‘breakfast in bed, delivered’, Le Petit Brekkie hopes to make the indulgence of a lazy lie-in even more tempting.

Disguised junk mail

A Sinclair, Mullumbimby Does anyone know who is responsible for the thinly disguised bundles of junk mail that are now...

DPI has an eye on Lismore’s yellow crazy ants

The yellow crazy ant (Anoplolepis gracilipes) is a species of ant, originally from Southeast Asia, that has been accidentally introduced to numerous places in the world – including Lismore.

Where announcements masquerade as action

The great secret about government in Australia is this: no-one wants to know about government in Australia.

No accountability for proven police misconduct

On Australia Day in 1998, I was the legal observer for the ‘Nude Ain’t Rude’ rally at Belongil Beach.

The Enova Energy team: L-R  CEO Steve Harris, chair Alison Crook and techonology manager Patrick Halliday. Photo Enova Energy
The Enova Energy team: L-R CEO Steve Harris, chair Alison Crook and techonology manager Patrick Halliday. Photo Enova Energy

Chris Dobney

Fledgling northern rivers community electricity company Enova has said it is ready to open its books to shareholders and is set to conduct a series of information events around the region in coming months.

Announcing the events, the company’s chairperson, Alison Crook, said: ‘We are very excited about the upcoming IPO (initial public offering) and providing potential investors the opportunity to attend these events’.

‘We want the community to find out more, and get involved in Australia’s first community renewable energy retailer. Our goal is to reduce carbon emissions by retailing renewable energy and by encouraging and facilitating the development of local renewable generation, ‘ she said.

‘We [also] aim to be a model for other communities in developing a renewable energy future,’ said Ms Crook, who has served on some 17 boards in both private and public sectors and has been named Australian Business Woman of the Year

The company has said it will only proceed if capital funding can be sourced from within the local community.

Enova, which launched as Northern Rivers Energy last year, says it plans to offer the cheapest green energy of any retailer in the country and pay the highest feed-in tariff for rooftop solar.

It will also provide advice and technical expertise for people who want to go off-grid completely.

But the company faces some stiff competition from another green energy provider that has been making inroads in the northern rivers energy market in recent months.

Powershop has been heavily promoted in the region, through TV advertising as well as direct mail marketing via armchair activist group GetUp and one-man anti-CSG campaigner Dayne ‘Frackman’ Pratzky.

Nevertheless, Enova, which boasts some corporate heavy hitters on its board, ‘with a genuine passion for the environment and community’, is upbeat about the company’s prospects.

Emerging from initial discussions in the North Coast Energy Forum about energy options, followed by attendance at the community energy conference in Canberra in July 2014, Enova’s founders obtained an Office of Environment and Heritage grant to carry out a feasibility study.

It has since been building up the team that it says will ‘lead this momentous change’.

The company also says it will ‘provide community benefits through direct employment and flow on jobs in many areas of the community’.

‘This has already started with accountants, auditors, printers, graphic and web designers all being contracted,’ it said in a media statement.

‘Dividends will return to the community, and a constitutionally guaranteed 50 per cent of profits will flow back into projects that benefit the community,’ the company says.

For more information or to register for a prospectus visit the Enova website.

Support The Echo

Keeping the community together and the community voice loud and clear is what The Echo is about. More than ever we need your help to keep this voice alive and thriving in the community.

Like all businesses we are struggling to keep food on the table of all our local and hard working journalists, artists, sales, delivery and drudges who keep the news coming out to you both in the newspaper and online. If you can spare a few dollars a week – or maybe more – we would appreciate all the support you are able to give to keep the voice of independent, local journalism alive.



Please enter your comment!
Please enter your name here

Pottsville policing forum asks the hard questions

Members of the Pottsville and Tweed Coast community say that in response to an increase in criminal activity in the area and their request for increased police presence, they were hosting a police presentation at Pottsville.

Coalition ‘hellbent’

Mat Morris, Bangalow The NSW coalition seems to be hellbent on outdoing their federal counterparts when it comes to the denigration of women and protection of...

An insult, Poppa

From what I can understand, Poppa Veet Mayo’s letter seems to imply that this latest COVID scare is a government conspiracy (yes, another one). To...

Upgrades for Lighthouse Parade in Ballina

One of the showcase areas of Ballina is about to get a safety and aesthetic upgrade, with the Lighthouse Parade Pedestrian Precinct and Road Safety Project commencing soon.