Angel News

Angel News

Back to Homepage

28th March 2019

Dove Renewables has raised £1.1m on Triodos

A bond offer in Dove Renewables, which operates two hydro schemes in Ashbourne (Derbyshire) and in the River Teign in Devon, has raised £1.1 million on the Triodos crowdfunding platform.

The 11-year bond will pay 5% gross interest per year index linked. The money is being used to refinance existing higher cost bonds raised to finance construction of the scheme in 2016.

Both schemes benefit from the Government’s 20-year Feed in Tariff support mechanism for renewable energy. The Ashbourne scheme delivers wide ecological benefits in terms of fish migration in the River Dove and both schemes provide enough clean electricity every year to power the equivalent of 200 homes.

...

Register now to read full story

In order to read the full story we need you to register with us, please click the link below:

Register Now

Add a comment:

Name:

Email:

Comment:

Enter the characters in the image shown:



Back to Homepage