Local renewable energy retailer in search of local investors

ENOVA Community Energy is looking for local investors as part of its plan to become Australia's first community owned energy retail and installation business.

The Northern Rivers based company has released a prospectus and is holding meetings across the region to explain its business model to the people they want to become customers and owners of the business.

Enova is looking to raise between $3 million and $4 million in total, by issuing shares worth $1000 each.

More than half of Enova's shareholders need to be Northern Rivers locals, chairwoman Allison Crook said.

"We want the local community to have control over their local power supply," she said.

Local ownership will also keep plenty of money in the economy, she said.

Ms Crook said about $80 million a year left the region when people paid their power bills, but a locally owned and operated company could help change that.

The company will specialise in supplying and installing solar energy, and will also be focused on helping to grow small to medium-sized renewable energy generators.

The share offer has been open for a week and is due to close on September 25.

There has been strong community interest and enthusiasm at meetings, but Ms Crook said it was too early to judge the reaction to the prospectus.

More community meetings are scheduled: Tweed Heads Civic Centre (tomorrow, 5.30pm), Birth and Beyond Rooms, Nimbin (September 9, 6.30pm) and the Federal Church (Sept 14, 7.30pm).

For more, visit

Would you like to see more companies look for local ownership of projects in their area? Would this model work elsewhere? Let us know your thoughts in the comments below. 

Topics:  business lismore shares

Back with Love and Violence

DOWN AGAIN: The Superjesus are Paul Berryman on drums, Sarah McLeod on lead vocals and Stuart Rudd on bass guitar.

The Superjesus are back after 13 years

Wall of help for Our Kids in hospitals

FUNDS RAISED: Our Kids co-ordinator Rebekka Battista with Woolworths Ballina Store manager Nori Bensley and the rest of the Northern Rivers Woolworths' staff at the handover of $54,772.

Donation helps keep kids closer to home

Tourism division welcomes inquiry into holiday letting

Parliamentary inquiry into short stay holiday lets has been welcomed by tourist body.

Opportunity to help grow and diversify regional tourism

Local Partners

Top floor teams take out The Block's terrace week

Kim and Chris pictured on their winning outdoor terrace in a scene from The Block.

RIVALS Kim and Chris and Julia and Sasha tie in final week of work.

Bob Dylan slammed as 'arrogant' for Nobel silence

Nobel Prize winner Bob Dylan.

Singer the controversial winner of literature Nobel

Shannen Doherty reveals fear of dying in post on chemo

Actor Shannen Doherty shared this image of her lying in a hospital bed after a chemotherapy session.

Actor has been fighting cancer since 2015

Eddie Redmayne's stage fright on latest Harry Potter film

Actor Eddie Redmayne stars in Fantastic Beasts and Where to Find Them.

Actor felt like kid again when he got to film with a wand

Salma Hayek: 'Trump planted story because I turned him down'

Actor Salma Hayek is the latest woman who says U.S presidential nominee Donald Trump acted inappropriately.

Salma Hayek latest woman to accuse Trump of misconduct

Brisbane snake catcher shows who's the Boss

Brisbane snake catcher Julia Baker returns in season two of Snake Boss.

Hit show Snake Boss is back for another season

Hit songwriter's Noosa mansion on market

SPECIAL PLACE: The Cintamani estate is going to tender, marketed by Tom Offermann Real Estate.

Is this Queensland's best property?

Kiwi siblings snap up Dotcom mansion for $32.5m

The new toy company owners of the Coatesville mansion want replace any controversy with positivity and fun. Photo / Barfoot and Thompson

The trio paid $32.5 million for the property in June

New $200 million development will create 580 jobs

Cassie And Josh with baby Alfie and daughter Andee. They have bought at new Lennox Head development Epiq.

Majority of new positions will be given to Northern Rivers locals

Cherrabah's mega resort plans axed

PLANS for a massive development at Cherrabah have been scrapped.

Dusit Thani finance crisis 'just a small hiccup'

ON TRACK: Springfield Land Chairman, Maha Sinnathamby, Ipswich Mayor Paul Pisasale, Developer Richard Turner and Springfield Land Deputy Chairman, Bob Sharpless, at the recent resort sod turning ceremony.

Property developer says project remains firmly on track

Heavyweight enters real estate market

Des Besanko principal and director of Raine and Horne Springfield.

Major rebranding which has seen two big name brands merge