The green independent’s fourth series of ecobonds will offer investors a return of 5 per cent per annum for Ecotricity customers, or 4.5 per cent for the wider public. It follows three previous mini-bond issues since 2010 raising almost £38 million.
Ecotricity founder Dale Vince said: “When we launched ecobond one, it was a pretty radical idea, with a simple ambition: to give people the opportunity to share in the financial benefits of the green energy revolution.
“With ecobonds one, two and three, we’ve raised almost £38m – which has been a massive boost to our work. And now, to continue our momentum, we’re launching ecobond four – which will give customers and the wider public the chance to share the benefits of the next phase of our work.”
The first two ecobonds were oversubscribed and raised £10 million each, the third in Autumn 2015 raised just under £18 million. The supplier has already recieved over £1 million worth of applications for the latest bonds in just 24 hours.
Earlier this month the firm hiked its energy prices for customers by 5.7 per cent, blaming cost increases from the grid operators and policy from government.
Applications for the latest bond offer close on 30 November 2016.