Coca-Cola Europacific seals virtual solar PPA with Engie Australia
Sep 19, 2024 5:33 CESTEnova Energy, Australia's first renewables-focused community energy retailer, has been placed into voluntary administration after being hit by the ongoing energy crisis and rising inflation.
A filing with the Australian Securities and Investments Commission (ASIC) on Tuesday showed that Simon John Cathro and Andrew Thomas Blundell have been appointed as administrators. A first meeting with the struggling company’s creditors is scheduled for June 30, 2022.
In an e-mail to its customers, seen by the Australian Broadcasting Corporation (ABC) News, Enova explained that the "diabolical" energy crisis in the National Electricity Market has led to “unbearable” effects on the company’s ability to operate. Difficulties in securing fixed-priced agreements after the expiry of an earlier deal with domestic power retailer Diamond Energy and caps on customer pricing were cited as some of the hurdles for the company.
Set up in 2016, Enova is owned by more than 1,600 Australian community shareholders. The company’s business is focused on the supply of supply locally-generated electricity from renewable power plants.
According to the report, Enova’s entire team has been made redundant as part of the administration process, while its customers will be transferred automatically to a new retailer.
Coca-Cola Europacific seals virtual solar PPA with Engie Australia
Sep 19, 2024 5:33 CESTGenex nabs new PPA for 775-MW solar project in Queensland
Sep 17, 2024 9:23 CESTAussie telecom group Telstra inks PPA for 260 MW of solar in NSW
Sep 16, 2024 12:34 CESTNew South Wales tender lures 15 GW of renewables, storage bids
Sep 16, 2024 8:23 CESTNew South Wales clears 100-MW solar project with BESS
Sep 16, 2024 6:12 CESTAGA seeks to raise USD 6.5bn for major Aussie green ammonia project
Sep 13, 2024 14:34 CEST