Sydney Renewable is off to a great start in 2017. The PV Array is operating, the first invoice has been issued and the share offer is progressing well. 

Operational Update

SRPC has powered into 2017 after the 520kW solar installation on the rooftop of Sydney’s International Convention Centre (ICC) generated electricity throughout December 2016.

With the PV Array now contributing to the ICC’s energy requirements, and with us moving into the contract period for the electricity generation, we have issued our first invoice to the convention centre manager, Darling Harbour Live (DHL).

To have it up and running - generating electricity for its customer DHL, and revenue for its future shareholders is the achievement of one of the most major milestones in the life of the company!

Share Offer Update

Our $1.47 million equity raising, launched in early November 2016 is progressing well.  We’ve been pleased with the response to the Offer and the rate with which Applications are coming in. The Offer is due to close on 17 March 2017, however this may change if the Board exercises its right to close the offer early.

We have been encouraged by the level of interest in what we are doing at SRPC. Given this, we have developed a two-page Fact Sheet to provide those interested with an overview of the company, the PV Array and the equity raising. We hope people find it informative and useful.

Thank you again for all your support for Sydney Renewable. If you have any questions, feel free to email or contact us on +61 2 8004 6858.

The Sydney Renewable Power Company Team