5 April 2022
- Ovida Infrastructure Pty Ltd (Ovida) has terminated its exclusivity MOU with Aurora. Jemena Pty Ltd (of which Ovida is a 100% owned subsidiary), has made the decision to focus on investing in its existing assets as opposed to the unregulated electricity market.
- 1414 Degrees will receive a termination payment and will retain all intellectual property generated from the work with Ovida. 1414 Degrees will also retain all previous payments.
- Work to date has confirmed a robust project and 1414 Degrees is continuing with its development.
“The joint work has only reinforced our belief that Aurora is a world class renewable energy site”.
Matt Squire, CEO