Renewable energy crowdfunding platform Abundance is offering an end of the year special for investors participating in their largest crowdfunded solar investment ever. All new and existing investors will receive a “2% uplift” to any investment between now and the end of the year. The current project is Oakapple Berwickshire, described as Europe’s largest ever crowdfunded solar energy project which is seeking £3.1 million. According to the site funding has already surpassed £367,000 with 297 investors. According to Abundance this project will install solar panels on the roofs of hundreds of properties owned by the Berwickshire Housing Association, giving tenants up to a 30% reduction in their energy bills (without costing them anything) and will provide investors an effective rate of return of 7.5% p.a. for the 20 year term of the project.
Bruce Davis, cofounder and Joint Managing Director of Abundance said,
“We want to say thank you to our members old and new for investing ever larger amounts in the ethical ‘Win-Win’ projects we are offering, and at this time of year a Christmas Bonus seems the perfect way to do it. Although the project currently open for investment is filling up swiftly, it is our largest to date at a total capacity of £3 million, so nobody should be disappointed between now and the end of the year.”
Abundance has raised over £8.1 million since launch.
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