Renewable energy firm launches bond - 31/05/2011
Renewable energy company Wind Prospect Group has launched a corporate retail bond in a bid to raise £10 million.
The ReBonds product is aimed at businesses considering making an investment in green energy projects and delivers a high fixed rate of return of 7.5 per cent over a four-year initial investment period.
Higher rates for larger investments are anticipated.
A majority of the capital raised will fund wind turbines in the West Midlands in order to produce more green electricity for homes and businesses.
Euan Cameron, chief executive of Wind Prospect Group, commented: "The UK government proposes to reduce carbon emissions by 50 per cent on 1990 levels by 2025. Renewable Energy has a major role to play in this target, yet currently only seven per cent comes from renewable energy."
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