Triodos Renewables has launched a major £5 million share offer aimed at raising funds for investment in constructing new UK renewable energy generation assets.
The money raised by the share issue will be used by the company to further grow electricity generation capacity across the country. Triodos Renewables already owns and operates eleven renewable energy projects across the UK totalling 53MW. This includes the recently constructed Avonmouth wind farm near Bristol. A further four projects are being developed by the company, including one at Boardinghouse in Cambridgeshire.
Triodos is working with crowd financing platform Trillion Fund in order to promote and distribute the offer. People can invest as little as £50, which is the lowest ever minimum investment for a Triodos Renewables share issue.
“We’ve decided to lower our minimum investment because we believe that investing in renewable energy should be an option to everyone and we want to provide a rewarding connection with renewable energy for even more people” said Executive Director of Triodos Renewables Matthew Clayton.
The offer is open to both new investors and existing shareholders and the shares are tradable on a Matched Bargain Market marketed by Ethex and operated by Capita Share Dealing Services Ltd. Over the last ten years, consistent performance has seen Triodos Renewables shareholders receiving dividends in eight of the past nine years with an average dividend yield of 1.7 percent over the past three years. In addition to this, existing shareholders have benefited from consistent capital growth since 2005.
Opening up the share offer to people with as little as £50 to invest allows the company to grow its community of investors who want to see more home-grown clean energy, as well as a fair return on their investment.
“Renewable energy can offer decent, steady returns for investors, with the added benefit of knowing your money is doing something good” added Trillion Fund CEO Julia Groves. “With more than one billion pounds invested in renewable in 2013, ordinary investors are waking up to opportunities to put their money to work and get a share of the profits, even if they have as little as £50 to invest.”
Triodos Renewables is unique in the fact that the company is owned by an ever growing number of shareholders. More than 5000 people have invested in the company so far, providing a steady revenue stream with a focus on sound projects using proven technologies such as wind and hydro and operating on long-term contracts.