Tuesday 29 November 2016

Ecotricity green bond expected to raise above £12m

Ecotricity green bond expected to raise above £12m

UK green energy supplier Ecotricity has announced its has received applications for more than £12 million of its "ecobond" so far.

This is the fourth time the company is offering a green bond which enables its customers and the wider public to invest directly and share in the financial benefits of the firm's work.

"Ecobond four" offers investors a gross return of 5% annually for Ecotricity customers and 4.5% per year for everyone else.

The company's three previous mini-bond issued in 2010, 2011 and 2015 raised almost £38 million.

Applications for ecobond four close tomorrow at 5pm.

Ecotricity founder, Dale Vince said: "We’ve made great progress over the last 12 months – we’re supplying green energy to over 190,000 customers, we’ve finished four new wind parks and we’ve just got approval to build our first green gas mill, the first of its kind in Britain.

"And now, to continue our momentum, we’ve launched ecobond four – which will give customers and the wider public the chance to share the benefits of the next phase of our work."

Written by

Bruna Pinhoni

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