Downing Crowd, a debt based crowdfunding platform that focuses on the renewable energy sector, has listed a series of solar investments by Populo Energy for projects in East Anglia and Norwich. The offering is for a £6.25 million bond for Populo Energy that will allow investors to earn 4% p.a. interest over a period of up to 16 months.
Populo Energy currently runs 33 solar assets, including roof-mounted solar installations ranging in size from 49 Kilowatt hour (kWh) to 239kWh and ground-based solar sites. Downing reports that Populo’s solar projects in total currently generate enough electricity to produce power for 1,900 UK homes for a whole year. Every Megawatt hour (MWh) of energy generated is sold to create an income by way of a Power Purchase Agreement and the price is determined by supply and demand.
Julia Groves, Head of Downing Crowd and Partner at Downing LLP, commented that close close to a third of all power produced in the UK is being generated by renewable energy:
“… projects such as Populo Energy are potentially prosperous opportunities for investors to get involved in. Small scale, local, projects such as these are also an excellent chance for investors to get a clear sense of where their money is going and know that it is having a tangible impact on the UK’s renewable energy market.”
The Downing Crowd platform launched in March 2016 and has raised over £66 million since inception. Of this, more than £25 million has been lent to energy businesses. Downing Crowd is part of investment manager Downing LLP, which also has significant expertise in the energy sector, having invested more than £500 million into energy businesses since 2010.
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