Triodas Renewables today confirmed that it will offer individuals the chance to co-own renewable energy projects.
In association with Trillion Fund, the crowd financing platform for renewable energy, people can invest as little as £50, the lowest ever minimum investment for Triodas shares. Total shares will be capped at £5million and the money raised will be invested in constructing new renewable energy generating assets, accelerating the firm’s renewable electricity generation capacity.
Matthew Clayton, the company’s executive director, said: “We’ve decided to lower our minimum investment because we believe that investing in renewable energy should be an option to everyone and we want to provide a rewarding connection with renewable energy for even more people.
“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 grew our renewable energy generation capacity by 42% last year and generated record levels of green energy helping to achieve the UK’s target of generating 15% of renewable energy generation by 2020.”
The firm’s share price has increased 63% since 2005 and will be set at £2.38 per new ordinary share.
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