Crowdfunding bond championed by UK renewable firm

A British renewable energy firm is launching a £10 million crowdfunding bond.

Bagnall Energy Limited, which has net assets of £95 million and owns a green portfolio of more than 30 operational projects, is releasing the Regular Access Bond through the Downing Crowd finance platform.

The company says the bond is one of the first of its kind in the crowdfunding market designed to offer investors attractive returns, without having to lock away their money for a fixed period of time.

Instead, investors can access their money during the maximum 10-year term if they provide sufficient notice, with the initial interest rate for the bond being 3 per cent.

Downing LLP Partner and Head of Crowdfunding, Julia Groves, believes the renewable energy sector presents a really interesting investment opportunity.

“Income streams from energy generation are well established, which can provide our investors with predictable revenue, while the proven technologies used by Bagnall’s projects allow energy production to be forecast with a good level of accuracy,” she said.

The first round of the green bond will close on the 31st of July 2017.

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