Clean energy arm of ethical bank Triodos has launched a £5 million share offer to allow people to invest as little as £50 into renewable energy projects, in an effort to reach a wider public.
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The new scheme, launched with crowdfunding platform for clean energy Trillion Fund, has a share price set at £2.28 per new ordinary share and is open to both new investors and existing shareholders. It allows people can invest from as little as £50 initial offer and get average returns of 9-10%.
Executive director of Triodos Renewables Matthew Clayton said, “We’ve decided to lower our minimum investment because we believe that investing in renewable energy should be an option to everyone and we want to provide a rewarding connection with renewable energy for even more people.
“In launching this share issue we are giving investors the opportunity to participate directly in the energy revolution currently taking place in the UK by taking direct ownership of some of the country’s flagship renewable power projects.”
Trillion Fund CEO Julia Groves commented, “Renewable energy can offer decent, steady returns for investors, with the added benefit of knowing your money is doing something good. With more than one billion pounds invested in renewable in 2013, ordinary investors are waking up to opportunities to put their money to work and get a share of the profits, even if they have as little as £50 to invest.”
Triodos Renewables’ power generation capacity grew by 42% in one year, with the company now managing 11 sites around the UK and planning four new ones by 2020.
Photo: Triodos Renewables