About the Sydney Renewable Power Company
We want to see more renewable energy in our community and we want to see it sooner rather than later.
We believe that by driving the allocation of capital into a community-owned solar power project such as this one, we can make a real change.
Sydney Renewable’s Project is a rooftop installation at the redeveloped International Convention Centre Sydney (ICC Sydney) site in Darling Harbour, Sydney.
We financed a 520kW solar photovoltaic installation on the rooftop of ICC Sydney, which will generate enough energy to power more than 100 houses. Following installation in mid 2016, first power was generated in December 2016, which enabled the first invoice to be issued in January 2017.
The local community was given the opportunity to invest in this project. An offer of shares in SRPC was made under an Offer Information Statement dated 31 October 2016, a copy of which is available here. Shares in SRPC are unlisted, but still tradeable between individuals. Those interested in buying or selling their Shares will need to connect with each other directly, and may use the SRPC Facebook page as a place to post their interest.
A copy of SRPC’s Constitution is available here.
About our board:
Sydney Renewable Power Company is an unlisted public company limited by shares.
Board members volunteer their time to Sydney Renewable Power Company. We’re all proud Sydneysiders, vigorous advocates of renewable energy, and passionate about the power of local people to come together to make innovative things happen.
Our Board is made up of:
Allegra Spender, Chair
Allegra has been for the last 9 years the Managing Director of Carla Zampatti Pty Ltd, an iconic fashion company. She started her career at McKinsey & Co, and has worked in the non-profit and public sectors in change management.
Josie is currently Head of Investor Relations at ASX Limited. Over the past 15 years, Josie has held investor relations and corporate communications roles across a number of industries including financial services, infrastructure and manufacturing.
Andy is Executive Director of Embark, a charity that assists communities participate in renewable energy projects. Prior to Embark, Andy was a Managing Director for UBS, having worked in finance in Zurich, London and Sydney.
Fred is the Chief Operating Officer of Fetch TV, whose internet protocol television service is distributed by Optus, iiNet and other leading Internet Service Providers. Prior to joining Fetch TV, Fred worked as a management consultant with Facilitated Results and McKinsey & Co.
Brenden is a registered chartered accountant, and has been a director of Boroughs Australia accountants since 2007. He has over 18 years experience providing taxation and accounting advisory services to a range of individuals and businesses.
Company formation – 2013
Contract for site – 2013
Technical design – 2014
Launch event – 2015
Panels installed - June 2016
Testing of installation - October 2016
Shares offered to the public - November 2016
First power generation - Dec 2016
First invoice issued - Jan 2017
Share offer closed - March 2017
Solar photovoltaic (“solar PV”)
520kW capacity – enough to power over 100 houses
All power generated will be consumed on site by the convention centre
Revenues are mainly based on output of panels over 25 year contract
A secondary revenue source is through marketing renewable energy offsets or certificates
Sydney Renewable Power Company was made possible with the support of:
Engineers without Borders, who assisted us in our search for a director with an engineering background.
Baker & McKenzie, who provided pro bono legal advice
Link Market Services who have supported the share registry process