Abundance Generation, a democratic finance crowdfunding platform, has launched its first fixed return renewable energy project. The project, SunShare Community Nottingham – is looking for investment of up to £896,000 from people with as little as £5 to invest. The project will involve refinancing the installation of already operational solar energy panels on 20 community buildings in Nottingham, each associated with children’s development, and will pay investors an effective rate of return of 6.5% over the 19-year life of the investment (or 6.65% including the ‘Pioneer Bonus’ being offered by Abundance in recognition of this being its first fixed return project). Investors in the project will receive an equal portion of their original capital and a fixed return. For example if you invest £950, each year you can expect to receive £90.39 made up of £50 of capital, £38.50 of interest income and £1.43 of Pioneer Bonus. This is the sixth project offered by Abundance since it launched just over a year ago, with the previous five raising £3 million from people investing as little as £5. Sunshare Community Nottingham is part of a roll-out of new projects set to take place between now and the end of the year […]
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