Energy co-op embarks on multi-million pound share offer

Renewable energy co-op Energy4All is launching a share offer for its latest wind project. It is appealing to its membership, and to residents close to the site of proposed wind...

Renewable energy co-op Energy4All is launching a share offer for its latest wind project.

It is appealing to its membership, and to residents close to the site of proposed wind turbines near Chesterfield and Barnsley, to help make the Four Winds Energy Co-operative a reality. It aims to raise £3.6m within the next two months.

Previous Energy4All share issues have reached their funding targets well inside the deadline, and in many cases have been significantly over-subscribed. For its last three projects, the co-op raised a total of £6.4 million, all from ‘ordinary investors’.

Marna McMillin, CEO of Energy4All, said: “Our projects are designed to allow small investors to get involved. From as little as £250, ordinary investors can see returns that outstrip anything a high street bank or building society can offer.

“We have a loyal membership base who invest small amounts in many of our projects. They are people looking for investment alternatives with better returns, and those who believe in the importance of renewable energy. Our share offers are well-structured, transparent and profitable. In a climate where public trust in our traditional banking system has been eroded, we offer something new that investors can really believe in.”

Energy4All was formed in 2002 to expand the number of renewable energy co-ops in the UK and aid the country’s transition to a low-carbon economy.

This share offer, which opens on 9 June, is for two single wind turbines each of 500kW, one at Duckmanton near Chesterfield in Derbyshire and one at Shafton near Barnsley in South Yorkshire.

• For details and to register interest visit www.fourwinds.coop

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