Abundance Partners With Top Cleantech Firm
By Guglielmo de Stefano on 18th March 2016
Abundance joins forces with Anesco to offer small investors a new high yield renewable investment opportunity.
Direct investment platform Abundance has announced the launch of a new investment opportunity for small investors - together with renewables business Anesco - by the name of “Anesco South West Renewables”. The project promises to pay an effective rate of return of 7% over 6 years, through a Fixed Return Debenture.
Anesco is described by Abundance as "a £200m turnover renewables and energy services company", which makes it - again according to Abundance - the biggest company to engage in a crowdfund anywhere by an order of magnitude, as far as the platform is aware.
Founded in 2012, Abundance is an environmentally friendly direct investment platform providing investors with competitive rate of return by backing green investment projects. Since inception, more than 2,100 people have invested £15 million directly into the platform. The platform argues that investors can get the best of both worlds through Abundance, by investing relatively small sums (from just £5) in order to both generate a decent income and to benefit the environment through clean energy generation.
This is the platform's first ‘mixed technology’ offer, since it encompasses biomass, solar and energy saving measures to provide investors with renewable energy and energy efficiency exposure through a single investment. The project is looking to raise a minimum of £100,000 and up to £495,000 and Anesco will be using the funds to bring more energy efficiency projects to life. So far, total funding amounts to £136,872, invested by 88 investors. The project’s close date is May 30th 2016.
Bruce Davis, Co-Founder and Joint MD of Abundance, commented:
“Partnering with such a large and respected renewables business as Anesco is big step forward for Abundance and more importantly our investors, as they will get easy access – with as little as £5 – to a diversified renewable energy and energy efficiency portfolio from just one investment. Our investors have asked for some shorter term projects too, so the 6 year term paying a 7% rate of return is no doubt going to be popular. We look forward to offering our investors more from Anesco in the future.”
Anesco is an energy efficiency solutions provider in the UK. The company works with clients ranging from major corporations to small businesses and individuals, helping to drive carbon reduction and transform energy use. To date, Anesco says it has helped to raise over 275,000 people out of fuel poverty and the technologies it has deployed have generated over 500MW of renewable energy. Furthermore, it is recognised as one of the top 100 “cleantech” companies in the world and has also been named one of the UK’s fastest growing private company two years running. Adrian Pike, CEO of Anesco, added:
“Working with Abundance with their commitment to ‘democratic finance’ makes sense for us as it matches our goal of trying to widen the public’s financial participation in our efforts to spread and grow renewable energy and energy efficiency initiatives. We plan to make this the first of many such offers and look forward to working with Abundance and their investors across many projects.”
The UK aims to generate 15% of the total energy consumption from renewables by 2020. The focus is not only on the new generation of electricity, but also on heat production. The mix of technologies and measures of the “Anesco South West Renewables” project is a very novel way to tackle this policy objective and the resulting yield might also prove tempting for some investors.