One of the UK’s biggest renewable energy companies is allowing members of the public to invest in its assets for the first time ever.
Anesco Asset Management, one of the world’s top 100 cleantech companies, has joined forces with peer to peer investment platform Abundance Investment to allow individuals to invest in energy efficiency and renewable projects run by Anesco Southwest Renewables plc (ASR), part of the Anesco group.
Previously open to commercial investors only, the new debenture offer will allow individuals to benefit from a 7% effective rate of return on their investment over six years, with income and capital paid back every six months.
Delvin Lane, commercial director of Anesco Asset Management, has unrivalled experience within the energy industry spanning over 30 years and has worked at the forefront of the energy efficiency sector for the past decade. He said the offer will have dual benefits for those who take it up, giving them a chance to get bank-beating returns while helping to combat climate change.
“Our projects, such as our solar installations and biomass boilers, are helping to drive down the UK’s carbon footprint and contributing to a greener future,” he said. “By investing in them people will be playing a part in this important mission, while benefitting from the kind of returns that are simply impossible to achieve through standard savings accounts.”
Bruce Davis, founder and managing director of Abundance, added: “Investors are increasingly looking for ethical and socially-responsible ventures to back and we’re delighted to be able to give them just that thanks to our partnership with Anesco Asset Management. Having been responsible for building more than 70 solar farms, over 2,000 solar rooftop installations and numerous energy efficiency installations in the UK over the last six years, Anesco Asset Management has a proven track record in transforming energy use, as well as delivering return for investors, so we are expecting this to be a popular offer.”
Among the green initiatives investors’ money will support are solar installations, biomass boilers and energy conservation projects at residential properties. The schemes not only help to reduce carbon emissions and develop renewable energy resources, but also support the communities they are in, through surplus profits being distributed locally.
Launching today (Tuesday March 15), this offer in Anesco South West Renewables is intended to be the first of many and part of Anesco’s bigger plan to involve more people in the UK in its mission. ASWR is a mix of technologies, predominantly domestic biomass boilers installed in 93 homes in North Devon but also including 6 solar installations in Berkshire and Surrey.
All the biomass boilers and solar panels are already installed and registered to receive the Renewable Heat Incentive and Feed in Tariff respectively, meaning that the project is unaffected by UK Government subsidy cuts.
Anesco Asset Management is already researching further opportunities that will allow the public to invest in its green projects. Delvin Lane said: “Our aim is to involve as many people in the UK in our mission to drive carbon reduction and transform energy use. Together we can drive change.”
About Anesco
Anesco is the UK’s leading energy efficiency solutions provider. It is recognised as one of the top 100 cleantech companies in the world; has been named the UK’s fastest growing private company two years running; and is ranked among the top 250 companies in the country.
Anesco works with clients ranging from major corporations to small businesses and individuals, helping to drive carbon reduction and transform energy use. The company is first to understand new technologies and to introduce commercial models that enable customers to improve their energy usage and save money, while tackling the country’s carbon emissions. To date, Anesco has helped to raise over 275,000 people out of fuel poverty and the technologies it has deployed are generating over 500MW of renewable energy.
For further information call 0845 894 4444 or email: info@anesco.co.uk
About Abundance Investment:
Abundance is a leading direct investment platform that is putting people in control of their money. People invest in individual projects that generate something good for the environment and society as well as bank-beating returns.
The investor chooses which projects or project to invest in from just £5 and benefits from a long term financial return, while the world benefits from clean energy generation.
Since launching in 2012 more than 2,100 people have invested £15 million directly into the projects they support. In the process, Abundance has achieved a number of firsts. As well as being the world’s first FCA-regulated peer-to-peer investment company, it is also the first investment platform to offer a dedicated peer-to-peer investment SIPP.
As with any investment product there are risks. Part or all of your original invested capital may be at risk and any return on your investment depends on the success of the project invested in. You should be prepared to hold Abundance investments for their full term (and many will have terms of more than 15 years). Abundance investments may not be readily realisable (and their value can rise or fall). They may be secured or unsecured, and where they are secured this does not ensure repayment. Estimated rates of return can be variable and estimates are no guarantee of actual return. Specific risks will apply in relation to each product. Consider all risks before investing and read the Offer Document for each investment.
Abundance and Abundance Investment are trading names of Abundance NRG Ltd which is authorised and regulated by the Financial Services Authority (no. 525432).
Further information is available at www.AbundanceInvestment.com
