Agri-Shop Ltd
Farminguk
30 September 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


Ireland | 29 September 2016
Irish dairy farmers seek €11m under EU milk reduction scheme

Irish dairy farmers have sought €11m to reduce milk production during the final three months of the year under the European Union’s Voluntary Milk Reduction Scheme. This is according to the Ministe...


USA | 29 September 2016
U.S. cattle prices continue to erode as supplies rise

Rising beef supplies and large supplies of competing proteins are eroding prices on fed cattle headed for slaughter, and market volatility continues to be the focal point of the U.S. market. In the...


USA | 29 September 2016
Farmers suing Syngenta over GMO corn granted class action status in federal court

A federal judge has granted class action status to at least 440,000 farmers accusing agrochemical giant Syngenta of selling genetically modified corn seeds and costing them billions of dollars in lost...


Australia | 29 September 2016
Global dairy prices lift as farmers slash production

Global dairy prices are rising as farmers around the world cut back on production, but local prices are still below the cost of production for many south-east Australian farmers. The previous Globa...


Puerto Rico | 29 September 2016
Puerto Rico Experiences an Agricultural Renaissance

For the first time in nearly 30 years, Puerto Ricans are buying rice, vegetables and traditional crops such as plantains and pineapples, that are produced on the island. As new farms spring across ...



Trending Now

Viewed
Discussed


Top stories you may have missed
FarmingUK
FarmingUK Logo

FarmingUK

Farm subsidy payments funded by the UK taxpayer are being paid to millionai...


FarmingUK
FarmingUK Logo

FarmingUK

Labour will end the badger cull and prioritise ending bovine TB, Shadow Def...


FarmingUK
FarmingUK Logo

FarmingUK

A herd of rare White Park cattle could die out if its owners do not urgentl...


FarmingUK
FarmingUK Logo

FarmingUK

The UK government is "failing" to support farmers in the long-term accordin...


FarmingUK
FarmingUK Logo

FarmingUK

Retailer Co-op has announced that from May 2017 all of its bacon and lamb w...


FarmingUK
FarmingUK Logo

FarmingUK

Over 50 wildlife organisations have compiled a stock-take of all the UK's n...


FarmingUK
FarmingUK Logo

FarmingUK

In the run up to the EU farm ministers meeting the agricultural sector have...


FarmingUK
FarmingUK Logo

FarmingUK

The RPA must iron out a number of problems that still exist with 2015 BPS p...


FarmingUK
FarmingUK Logo

FarmingUK

Tourism businesses in the countryside are being held back due to the uncert...


FarmingUK
FarmingUK Logo

FarmingUK

A 24 point action plan aimed at revitalising Scotland's sheep sector after ...


closeicon
Username
Password