Good Energy heads to the market

Green energy supplier Good Energy is to offer more shares to the public as part of its efforts to grow. The firm’s first windfarm in Delabole, Cornwall, was bought through […]

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By Sumit Bose

Green energy supplier Good Energy is to offer more shares to the public as part of its efforts to grow.

The firm’s first windfarm in Delabole, Cornwall, was bought through customer shares in 2002 and its first bond offer to customers, in 2013, closed three weeks ahead of schedule having reached the maximum of £15m.

Now it’s trying to raise an extra £3.1m by offering almost 1.5 million shares at 208p each.

Juliet Davenport, founder and CEO of Good Energy said: “We believe our customers are at the heart of our business and should have the option to share in the success of Good Energy. This new share offer gives them the chance, alongside our institutional investors, to be part of the next stage of our growth journey and our exciting plans for the future.”

The company plans to use the money to invest in new systems and develop more generation. It has a target to get five times as many customers as it has today, by the end of the decade.

The share offer closes at 11.59 pm on 19th June 2016.