A green energy company has raised £18.5 million through the launch of its recent bond.
Ecotricity’s ‘ecobond three’ aimed to raise £25 million to build more green energy projects in Britain.
It offered a return of 5.5% a year to investors and 6% to its customers.
The money will help finance six new green energy projects – five wind farms and a solar farm – which could generate enough electricity to power more than 10,000 homes.
Ecotricity Founder, Dale Vince, said: “This is our third and biggest ecobond yet and it’s quite an incredible outcome given the background we’ve been working in these last few months – the relentless attacks on the renewable energy industry by the new Tory Government, which can’t have exactly boosted confidence in the sector.
“This is a fantastic show of support, from our customers and the wider public.”