Good Energy is aiming to raise £3.1 million through issue of £1,495,900 New Ordinary Shares at the price of 208p per share to encourage more customers to invest.
The shares would also help the company to reduce customer costs to serve and acquisition costs and strengthen Good Energy’s financial position and future profitability.
Good Energy founder and chief executive Juliet Davenport said: “Our customer numbers, renewable energy generation and revenues are all growing fast. We believe our customers are at the heart of our business and should have the option to share in the success of Good Energy.
“This new share offer gives them the chance, alongside our institutional investors, to be part of the next stage of our growth journey and our exciting plans for the future.”
The firm’s first windfarm in Cornwall was bought through customer shares in 2002 and its first bond offer to customers, in 2013, reached its £15 million target three weeks ahead of schedule.
The current share offer is due to close on 19 June 2016.