Ecotricity offers £10million ‘ecobonds’

Green energy supplier Ecotricity is offering £10milion of ‘ecobonds’ to the public. The independent energy company says it is launching them for investors who want to put their money into […]

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By Vicky Ellis

Green energy supplier Ecotricity is offering £10milion of ‘ecobonds’ to the public. The independent energy company says it is launching them for investors who want to put their money into the green energy revolution without needing “to stick anything on their roof”.

The ‘ecobond two’ is the second round of bonds open to UK-based individuals, companies, trusts, charities and other legal entities. To buy into the bonds there is a minimum £500 investment.

Dale Vince, Ecotricity founder said: “ecobond one raised £10 million but was massively over subscribed, with over £15 million offered by customers and the wider public. Funds from ecobond one funded the building of Britain’s first large-scale solar farm and two wind projects that power large British factories.

“Proceeds from ecobond two will likewise be put to work building more new sources of green energy with the aim of increasing Ecotricity’s green energy generation by 50% during 2012.”

Ecotricity currently supplies green energy to over 55,000 customers from 53 windmills across the UK.