Britain’s leading green energy company Ecotricity has just raised £18.5 million from the third issue of its innovative ecobond concept, and will use the funds to build new green energy projects in Britain.
ecobond three offered investors a return of 5.5% per annum (or 6.0% per annum for Ecotricity customers), the company will use the funds raised to build six renewable energy projects already in the first stages of construction – between them they will generate enough green energy to power over 10,000 homes each year.
Ecotricity founder, Dale Vince, said: “This is our third and biggest ecobond yet and it’s quite an incredible outcome given the background we’ve been working in these last few months – the relentless attacks on the renewable energy industry by the new Tory government, which can’t have exactly boosted confidence in the sector. This is a fantastic show of support, from our customers and the wider public. Read more →