Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
Optimized-shutterstock_1207600273
October 22 2018

Abundance launches first wind project in almost two years

Tim Evershed Industry News, News Abundance, Arena Capital Partners, E2 Energy, renewable energy

ABUNDANCE has launched its first wind investment in almost two years, after renewable energy subsidies were scaled back.

The ethical investment platform said that it has become increasingly difficult to find wind energy investments since subsidies were largely removed.

However, it is now offering long-term debentures on the E2 Energy portfolio, which comprises eight medium wind turbines located on farms across the north of England.

The project is looking to raise £2.9m and is already 40 per cent funded. Investors are being offered five per cent returns over 16 years, with regular cash returns of capital.

Read more: Abundance launches tidal power project amid calls for more green finance

The turbines are owned and operated by Arena Capital Partners, a Dublin-based developer and investor in renewable energy with more than 70 turbines in Northern Ireland, Great Britain and Italy.

The funds raised in this offer will be used to help Arena acquire more wind energy assets and to develop renewable energy projects in its pipeline.

Arena plans to raise more funds on Abundance with another portfolio of mid-size wind turbines in the near future.

Read more: Abundance set for Seedrs fundraising round

“While it has become increasingly difficult to find wind energy investments since subsidies were largely removed, we kept up the search because we were aware that our customers valued the long term, steady returns on offer from this technology,” said Abundance in a blog post on its website.

P2P platforms have scaled back lending to the renewable energy sector since the end of a government-backed subsidy programme.

In May, Assetz Capital closed its Green Energy Account (GEA) and in March, defunct P2P platform Trillion Fund paid off its final renewable energy loan.

Both platforms have blamed a lack of new loans and an end to government support for the failure of their green initiatives.

Read more: Bruce Davis welcomes Green Finance Taskforce report

P2P returns are “hard to argue with” amid market uncertainty Ranger Direct Lending rejects Princeton bankruptcy resolution

Related Posts

Plant Growing Out Of Coin Jar On Table In Office -  Investing / Business Success Concept

Industry News, News, Top 3

Abundance Investment working on “new opportunities”

Model Houses Hanging By Strings

Industry News, News, Top 3

LendInvest bond value lost £5.8m during pandemic

Sonnenuntergang hinter den modernen Wolkenkratzern der Skyline von London, Großbritannien

Industry News, News, Top 3

Everything we know about the CBILS successor scheme (so far)

Popular posts:

  • Government responds to P2P fraud query
  • FCA lumps P2P lending in with higher risk products again
  • The alternative lenders accredited for CBILS
  • 4th Way gives its views on Zopa and Funding Circle returns
  • Funding Circle to offer first and second draw PPP loans
  • SME lender warns many companies will not survive
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by