Global renewable energy company Wind Prospect Group has today (25thMay 2011) launched a corporate retail bond onto the UK market with the aim of raising £10m.
The renewable energy bond called 'ReBonds' will deliver a high fixed rate return of 7.5% over a 4 year initial investment period, with a higher rate for larger investments. The offer is open for an eight-week period and will be available on a strictly first come, first served basis.
ReBonds are expected to appeal to those investors looking for an opportunity to invest in green energy projects, whilst supporting a UK employee-owned green business with a 15 year track record. With a minimum investment of just £500 however, they will appeal across the board to those looking for a strong return over a short period of time.
Much of the capital raised will be used to fund the first commercial wind turbines ever to be built in the West Midlands, on land owned by South Staffordshire College.
Wind Prospect's on-site generation business stream - Wind Direct – already has planning consent for the 2 turbine project, which will see clean green energy supplied directly to the College's Rodbaston campus. Construction is planned to start this summer.
Euan Cameron, CEO of the Wind Prospect Group said:
“The UK government proposes to reduce carbon emissions by 50% on 1990 levels by 2025. Renewable Energy has a major role to play in this target, yet currently only 7% comes from renewable energy. This makes for a strong, growing market in renewable energy generation.
“Wind Prospect has been developing wind energy projects since the early nineties and this is the first time we have opened up such an investment opportunity to the UK public. We anticipate a high level of demand for ReBonds because easy to invest opportunities are not widely available in renewables and investors are hungry for stronger returns.”
ReBonds are available to investors online at www.rebonds.co.uk