HROC (agency) - Kubota
Farminguk
28 August 2016 | Online since 2003
Briefing Media - FG Classified


19 June 2014 15:12:12 |News,Renewables

Wind powers market-beating 7.5% for canny crowdfunders


From today (Thursday, June 19), people looking to get a better return on their money can take advantage of one of the biggest opportunities to profit from the growth in clean energy in the UK to date, with a loan-based crowdfund from Trillion Fund, the renewable energy crowdfunding platform.
E2Energy, a joint venture between Endurance, the leading community-scale wind turbine manufacturer, and Earthmill, one of the largest wind turbine suppliers and installers in the UK, will launch the first £1.25 million tranche of a total planned £5 million raise to finance the construction and installation of new wind turbines.
The loan offers anyone with as little as £50 a market-leading return of 7.25 per cent a year over three years, on the Trillion Fund crowdfunding platform (www.trillionfund.com/e2energy). Lenders signing up within the first 30 days will receive bonus interest of 0.25 per cent, boosting returns to 7.5 per cent. For example, a lender putting in £1,000 before July 31 will get back £1,225 at the end of three years. That’s a better risk-adjusted return than on current best-buy, three-year bonds or mainstream peer-to-peer loans.
Crowdfunders will benefit from the knowledge that their money is backed by five, fully operational wind turbines located in Yorkshire and South Teesside, which are covered by insurance for 20 years and are already generating revenue from feed-in tariffs linked to the Retail Price Index, as well as the sale of electricity to the grid. They have insurance and maintenance agreements in place to cover the duration of the term.
Proceeds from the raise will be used to install new Endurance turbines on sites that have already received planning permission in Yorkshire, the North West, the North East, south Wales and Scotland.
Some of the electricity generated by the turbines goes directly to local farmers, helping to support the UK agricultural industry – the rest is bought by power utilities.
The raise is the first to launch on Trillion’s innovative new platform, launched last week, which enables lenders to lend to or invest in projects in just a few minutes.
Julia Groves, managing director of Trillion Fund, said: “Wind profits do not have to be just for wealthy landowners – they can go to everyone. And we are all ultimately paying for feed-in tariffs, so we might as well be making a return from them too.
“Renewable energy projects offer unique, asset-backed returns, because they generate a steady, relatively predictable income flow from the feed-in tariff they receive and the electricity they send to the grid. There is also some inflation-proofing as the tariff rises in line with the Retail Price Index.”
Dave Rankin, managing director of Endurance UK, said: “Endurance has a strong community focus and we wanted to give everyone the chance to have a stake in the growth of UK wind – not just the private equity players, banks and high net worth individuals that have so far funded much of the sector.
“In Denmark, where the renewables sector is more advanced, they say that when local people own the wind farms and share in the benefits, they support them. You go from NIMBY (Not in my Back Yard) to POOL (Please On Our Land)”.
Mark Woodward, commercial director of Earthmill, said: “The money raised in this crowdfund will go to installing more turbines and generating more clean, cost efficient energy to parts of the UK that really need it.
“Most of the risk in wind energy is at the pre-construction phase. Once the turbines are through planning and up and running, the risk involved in a project is reduced. Maintenance costs also tend to be low and are built into our return forecasts - and the wind is plentiful and free.”
The Trillion Fund platform is regulated by the Financial Conduct Authority and offers people the chance to lend to or invest in projects through peer-to-per loans, debentures, regular funds and community share raises.
• UK’s biggest, peer-to-peer financed wind energy project to date: total target raise of £5 million this year to finance new turbines across the UK
• First £1.25 million tranche is a loan secured against five operational wind turbines in the North of England
• 7.5% bonus rate for those lending before July 31, reverting to 7.25% standard rate thereafter
• A £1,000 loan would return £1,225 after 3-year term. Interest paid six-monthly
• Minimum amount of £50, no maximum

Download

0 Comment

loginuserlogo
Name

Please enter your name


Email

Please enter your email

Please enter valid email


Comment

Please enter your comment


Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment


Canada | 26 August 2016
Canadian beef exports to EU in limbo over E. coli dispute

If differences of opinion over food safety practices are not resolved, the big promises of a new European market for Canadian beef may be a pipe dream. The Comprehensive Economic and Trade Agreemen...


India | 26 August 2016
GM mustard clears hurdle in India but more remain

A government panel has cleared commercial use of what would be India's first genetically modified (GM) food crop, but politicians still have to give final approvals amid wide-spread public opposition....


USA | 26 August 2016
USDA buys $20 million in cheese from dairy farms

Moving to bolster dairy farmers who are struggling to cope with price declines, the Agriculture Department announced Tuesday it is spending $20 million - on 11 million pounds of cheese. A taxpayer ...


France | 26 August 2016
Lactalis talks with French milk producers end with no deal

A meeting between Europe's largest dairy group Lactalis and French milk producers requesting a rise in prices ended in a deadlock after 10 hours of negotiations, sources close to the talks said. ...


USA | 26 August 2016
California farmers turn to sewers for water

California's prolonged drought is forcing Central Valley farmers to scramble for water to irrigate crops. They have to be creative. One agency is even turning to a sewage plant to meet demand. Just...



Trending Now

Viewed
Discussed


Top stories you may have missed
FarmingUK
FarmingUK Logo

FarmingUK

The British public are overwhelmingly in favour of keeping or strengthening...


FarmingUK
FarmingUK Logo

FarmingUK

The sustained recovery of pig prices since the spring has come at a time wh...


FarmingUK
FarmingUK Logo

FarmingUK

A World Trade Organisation (WTO) panel has declared the Russian import ban ...


FarmingUK
FarmingUK Logo

FarmingUK

A new study has linked oilseed rape crops grown from neonicotinoid-treated ...


FarmingUK
FarmingUK Logo

FarmingUK

Philip Hammond is to guarantee billions of pounds of UK government investme...


FarmingUK
FarmingUK Logo

FarmingUK

Access to the foreign labour market is 'critical', according the chief exec...


FarmingUK
FarmingUK Logo

FarmingUK

The Tenant Farmers Association has said the National Trust's vision for a p...


FarmingUK
FarmingUK Logo

FarmingUK

Ulster farmers will 'not lie down and wave the white flag' when Brexit nego...


FarmingUK
FarmingUK Logo

FarmingUK

The cost of rural crime to the UK economy costs £42.5 million a year, accor...


FarmingUK
FarmingUK Logo

FarmingUK

A young farmers club member from Oxfordshire has created a petition on the ...


closeicon
Username
Password