Good Energy launches £10m bond to fund EVs, energy storage

Good Energy has announced the launch of its second corporate bond worth £10 million. It is part of its plans to invest in projects such as energy storage and electric […]

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By Priyanka Shrestha

Good Energy has announced the launch of its second corporate bond worth £10 million.

It is part of its plans to invest in projects such as energy storage and electric vehicles.

The green energy supplier is offering coupons of 4.75% annually over a year-term term, with the funds supporting further growth of the business.

CEO and Founder Juliet Davenport said: “In the four years since we launched our first corporate bond, Good Energy has grown significantly and successfully adapted to the changing energy and regulatory environment of the UK.

“In addition to growing our core generation and supply business, we are focusing on developing sustainable energy solutions in areas such as energy storage, electric vehicle networks and green business consultancy to support consumer and business needs in the new environment.”

Applications for the offer will close on 5th June.