7th August 2012
UK Renewables developer, Triodos Renewables has announced it will launch an £8 million public share issue to fund onshore wind projects.
Triodos Renewables Plc. currently has over 4,800 shareholders; and says it is the most widely owned independent renewable energy company in the UK.
According to an official statement, the company is looking to raise £8 million capital allowing it “to increase its portfolio of renewable energy projects”; “due to further exciting development opportunities” they added. They are selling the shares at £1.90 each with a minimum investment of £570.
Triodos said “we have a strong pipeline – including exclusive opportunities to acquire two further wind farms on brownfield sites this year with an expected combined generation capacity of 10.7 MW. The new funds of £8m million will help us to acquire and construct these new projects.”
Matthew Clayton, Managing Director of Triodos Renewables, said: “In launching this share issue we are giving investors the opportunity to participate directly in the energy revolution currently taking place in the UK by taking direct ownership of some of the country’s flagship renewable power projects. Over the last 16 years we have established a strong position in medium scale, community-focused projects and it is this success that has prompted us to offer the public more shares.”