The board of Sydney Renewable Power Company is delighted to announce that the company’s share offer was oversubscribed and the company now has 146 shareholders.
Investors in SRPC have helped achieve a number of firsts. We are the first community renewable power company to install solar panels right in the heart of a capital city, the first to adopt a public company structure and the first to install solar panels as part of a large public private partnership.
More importantly investors have helped make a powerful demonstration that groups of individuals can draw together to speed up the much-needed roll out of renewable energy in Australia. On a personal level the volunteer board has been thrilled to receive so much support for a project that began as an idea in a coffee shop in 2013 and has now raised well over $1 million dollars and is producing enough electricity to power 100 homes.
We will provide an update on the performance of the PV array after the end of this financial year. By that time the array will have been operating for more than 6 months in a full range of weather and shading conditions. For now we can say that we are very pleased with the performance of the array and we are excited to have entered the operational phase of the project.
Please do not hesitate to contact us at using the contact form on our website if you have any questions.