Good Energy raises £16.7m for storage and EVs

A renewable energy supplier has announced its second corporate green bond has closed. Good Energy said the offering received valid applications for £16.7 million over the duration it was open. […]

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By Jonny Bairstow

A renewable energy supplier has announced its second corporate green bond has closed.

Good Energy said the offering received valid applications for £16.7 million over the duration it was open.

The funds raised will support the company to explore opportunities in new business areas, including green business consultancy, solutions to promote the wider use of electric vehicles (EVs) and energy storage.

Juliet Davenport OBE, Founder and CEO of Good Energy, said: “I am thrilled and humbled by the huge vote of confidence in our business and purpose by customers and investors alike and it is testimony to the value of putting customers and stakeholders at the heart of our funding strategy.

“Those committed to a cleaner, greener, fairer future are coming together in a global movement that has never been more powerful than it is today and I’m thrilled that the Good Energy family – our customers, our investors, our shareholders, our staff, our generators and our partners are at the heart of it.”

The company expects to allot its Good Energy Bonds II on the 30th of June 2017.

Apple has issued a $1 billion (£0.8bn) green bond to finance clean energy and environmental projects.