UK wind investment offers 7.5% return

Global renewable energy firm Wind Prospect have launched a corporate retail bond with the aim of raising £10m to build turbines in the West Midlands. ‘ReBonds’ will deliver a fixed […]

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By Tom Gibson

Global renewable energy firm Wind Prospect have launched a corporate retail bond with the aim of raising £10m to build turbines in the West Midlands.

‘ReBonds’ will deliver a fixed rate return of 7.5% over a four year initial investment period, with the option of another 0.5% on investments of over £10,000.

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.”

The firm’s on-site generation business stream, Wind Direct, has planning consent for a two turbine project for South Staffordshire College with construction expected to start this summer.