Community energy retailer Indigo Power expects to have about 1000 customers and $800,000 from share investors by the end of its first year.
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Speaking ahead of the company's share launch in Wodonga, chairwoman Ann Telford said the company would be expanding into southern NSW later this year.
The company is currently taking part in a 'solar energy roadshow' across 14 North East communities to explain how the renewable community grid works.
They are also seeking customers and shareholders.
"We already have about 21 share[holders] from across our local communities and we're hoping to increase that by maybe a couple of hundred in the next couple of weeks," she said.
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Ms Telford said Indigo Power was a public unlisted company registered with ASIC, but also a social enterprise with 50 per cent of profits to be returned to the community.
She said the company employed two full-time and one part-time staff member with plans to expand.
Wodonga's Bobbi McGibbin, of Renewable Albury Wodonga, said she was keen to become a customer and believed there was a real appetite for renewable energy in the community.
"I think we have a large number of people in the community who are certainly environmentally conscious," she said.
"But we also have a really passionate community base where people want to see the community thrive... and people who are sick of calling up their electricity companies and getting overseas operators and money going off shore."