Enova announces near $3.8 million result for capital raise
AUSTRALIA'S first community owned renewable energy retailer, Enova Community Energy have had a highly successful near $3.8 million result for its capital raise.
Enova Chair, Alison Crook said it was clear the "people had spoken".
"The Northern Rivers community has shown that it really wants to own its own power company and to influence the renewable debate in Australia," Ms Crook said.
"And it has been supported in that by people from every state and territory in Australia who appreciate the significance of Enova's goals.
"We have almost 1,100 investors, with 75% of voting shares held in the region, and an average holding of $3,000.
"This is a huge effort from the community and we certainly feel inspired by all the encouraging calls, emails and social media, the common theme being we must make this happen.
"We had an enormous rush of support in the last weeks following months of thinking we may just raise enough to establish, so we are thrilled with the result which is well above the minimum $3 million required, and just shy of the maximum $4 million target we set ourselves.
"We are deeply committed to our investors and supporters to make Enova Energy the successful community enterprise that we have all planned."