Britain’s leading green energy company, Ecotricity, has launched a third bond as it looks to raise up to £25 million to assist in building more green energy projects in Britain.
ecobond three will offer investors a return of 5.5% per annum (or 6.0% per annum for Ecotricity customers) and help finance six new green energy projects already in the first stages of construction – projects that could generate enough green energy to power over 10,000 homes.
Ecotricity founder, Dale Vince, said: “When we launched the first ecobond five years ago, it was a fairly radical idea – we wanted to give people the chance to share in the financial benefits of the Green Energy revolution as well as cutting out the banks that generally charge borrowers more than they pay investors.
“ecobond three stays true to that philosophy; it’s about democratising the energy sector and the financial sector at the same time – giving people the chance to join us in our work as well as directly accessing the kind of interest rates that banks charge borrowers.
“It will also help more green energy projects to be built in Britain – the first two ecobonds helped us in progressing a number of new green energy projects and we’ve got another six projects that will benefit from ecobond three.”
Ecotricity previously issued ecobond one (2010) and ecobond two (2011), which were both oversubscribed and both raised £10 million.
Funds from ecobonds one and two helped finance the building of a hybrid solar energy park and four wind power projects totalling nearly 20MW of capacity.
To apply for ecobond three click here with applications closing on Friday 27th November 2015.
Ecotricity Disclaimer: This article and the Invitation Document, which are financial promotions for the purposes of Section 21 of the Financial Services and Markets Act 2000 (“FSMA”), are issued by the Company which accepts responsibility for the information contained herein. This press release and the Invitation Document have been approved as financial promotions for UK publication by SPARK Advisory Partners Limited (“SPARK Advisory”), which is authorised and regulated by the Financial Conduct Authority. SPARK Advisory is registered on the Financial Conduct Authority’s Register with registered number FRN182762. SPARK Advisory is acting exclusively for the Company in connection with the issue of the ecobonds for promotion to the limited class of persons listed in FCA COBS Rule 4.7.7 (being (a) certified as a “high net worth investor”; (b) certified as a “sophisticated investor”; (c) self-certified as a “sophisticated investor) or (d) certified as a “restricted investor”). SPARK Advisory will not regard any other person as its customer or be responsible to any other person for providing the protections afforded to customers of SPARK Advisory or for advising any such person in relation to the issue of ecobonds. Applications should only be made on the basis of the Invitation Document and the Instrument.
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