UK renewable-energy company Triodos Renewables has announced the launch of a new public share issue offering investors the chance to participate in direct ownership of local renewables projects.
Proceeds from the offer will be invested into building new onshore windpower assets to expand the company’s portfolio of projects in the UK. Funds will be raised through a targeted placing of about 4million shares at 190p per ordinary share, with a minimum investment of £570.
Triodos, with almost 5,000 shareholders, is said to be the UK’s most widely owned renewable-energy company.
Managing director Matthew Clayton 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.
“We aim to use all of the money we receive to build new sources of renewable power here in the UK.”
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