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Byron Shire
April 12, 2021

Enova brings its energy to a new community

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Enova Community Energy has launched a crowdfunding campaign to branch out into other states. File photo

Northern Rivers based energy retailer Enova Community Energy is taking its model south of the border, with its first planned regional partnership set to be in the Albury-Wodonga region.

Enova has been championing the transition to renewable energy and helping power the Northern Rivers community since its inception two years ago.

And today’s announcement is the first of what Enova hopes will be many regional partnerships throughout Australia that help individual communities generate, store, and share their own locally produced renewable energy.

Enova Energy Chair Alison Crook, said ‘Our goal is not only to help local communities take back their own power, but to quickly help them reduce the impact of fossil fuels on climate change’.

Border Trust, the Community Foundation for Albury-Wodonga, is partnering with Enova to create Border Community Energy (BCE) – and is the first region to partner with Enova under this style of arrangement.  A portion of the profit generated will be reinvested via Border Trust’s established grants program to support grass roots community and not-for-profit, charitable initiatives.

BCE spokesperson Michael Houlihan said, ‘We are inspired by the revolutionary model Enova has already created within the Northern Rivers region of NSW. Through their hard work they have proved local ideas and initiatives can have state-wide impacts,’.

Ms Crook said, ‘community-owned energy solutions such as we are developing here in the Northern Rivers, means money stays circulating in local economies to benefit people, jobs and businesses,’ Ms Crook said.

Until 17 November Northern Rivers residents have the opportunity to become an Enova shareholder, to strengthen the drive to return control of energy to local communities.

To become a share-holder go to Enova’s crowdfunding page.  

In deciding whether to apply for shares always consider the Crowd-Sourced Funding Offer Document including the general risk warning.

 

 


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