Renewable investment platform Abundance has partnered with Anesco to offer a new opportunity to investors. Anesco is a £200 million in revenue company and Abundance believes it is one of the largest companies to ever engage in a crowdfunded securities offer.
The offer is for a “mixed technology” project that incorporates biomass, solar energy and other conservation measures and is designed to create a diversified investment in a single product. The effective rate of return is 7% over 6 years. The debentures may be purchased for just £5.
The offer is for up to £495,000, is for “Anesco South West Renewables“. Anesco South West Renewables is a mix of technologies, predominantly domestic biomass boilers installed in 93 homes in the South West, but also includes 6 solar installations in Berkshire and another on a rooftop at the Top Gear TV programmes’s Dunsfold Aerodrome in Surrey.
Bruce Davis, cofounder and joint MD of Abundance said, he expected to partner with Anesco again in the future;
“Partnering with such a large and respected renewables business as Anesco is big step forward for Abundance and more importantly our investors, as they will get easy access – with as little as £5 – to a diversified renewable energy and energy efficiency portfolio from just one investment. Our investors have asked for some shorter term projects too, so the 6 year term paying a 7% rate of return is no doubt going to be popular. We look forward to offering our investors more from Anesco in the future.”
Adrian Pike, CEO of Anesco, said working with Abundance just made sense as it paired with their goal of bringing in broader public participation in renewable energy projects.
“We plan to make this the first of many such offers and look forward to working with Abundance and their investors across many projects.”
Abundance launched 2012 and since that time over 2,100 people have invested £15 million directly into the projects they support. Abundance is the first FCA regulated peer-to-peer investment company. Abundance investments will be eligible for the forthcoming IFISA as well.
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