By Renewable Energy Focus staff
The renewable energy bond, ReBonds, would deliver a fixed rate return of 7.5% over a four year initial investment period, with a higher rate for larger investments. The offer is open for an 8-week period and will be available on a first come, first served basis, Wind Prospects says.
ReBonds is for investors looking for an opportunity to invest in green and renewable energy projects, supporting a UK employee-owned green business with a 15 year track record – something which excludes investments in start-ups.
The minimum investment level is £500 however.
Much of the capital raised will be used to fund commercial wind turbines to be built in the West Midlands, on land owned by South Staffordshire College.
The project already has planning consent for the two wind turbine project, which will deliver the electricity to the College’s Rodbaston campus. Construction is planned to start this summer.
Euan Cameron, CEO of the Wind Prospect Group, says: “Wind Prospect has been developing wind energy projects since the early 90s and this is the first time we have opened up such an investment opportunity to the UK public. We anticipate a high level of demand for ReBonds because easy to invest opportunities are not widely available in renewables and investors are hungry for stronger returns.”