Green Bonds from Ecotricity

Where in the market can you find a totally green and ethical investment paying a guaranteed 7%? Not many places, is the answer, until the recent offering by Ecotricity, which is proposing a series of EcoBonds to help finance the development of 12 new wind farms.

The fixed rate bonds, which will have an initial 4 year term, are open to UK-based individuals, companies, trusts, charities and other legal entities and are subject to a minimum £500 investment (existing Ecotricity customers get an extra bonus, with an annual interest rate of 7.5%).

Ecotricity supplies green energy to over 42,000 customers from 51 wind trubines at 15 wind parks across the UK. The company has also recently submitted plans for its first large-scale solar farm, based next to its existing windpark in Lincolnshire, which will be the UK’s first combined wind and solar energy park.

Ecotricity has plans to build more than 1,000 MW of green electricity generation capacity and supply more than 500,000 customers within the next 10 years. It also intends to increase its investment in other green energy technologies, including solar and green gas made from organic waste. Ecotricity already has planning consent for a further 12 windmills with 78 more at various stages in the planning process, which together would almost treble Ecotricity’s electricity generation capacity over the next few years.

For more information visit www.ecotricity.co.uk/ecobonds