In addition, any Good Energy customer or generator investing in the Good Energy Bonds will be paid at maturity the equivalent to 0.25 percent for each year of being a customer and a bondholder.
The company is looking to raise £5m through the bonds up to an over-subscription maximum of £15 million. Funds raised will finance further increases in Good Energy’s own solar and wind generating capacity contributing to the Group’s overall objective of developing 110MW of its own renewable energy generation capacity by 2016.
In 2012 the Company reported annual revenue of £28.2m with profit before tax of £1.4m.
Juliet Davenport, OBE, founder and ceo of Good Energy, said: “We are delighted to launch the Good Energy Bonds, the proceeds of which will be used to strengthen our balance sheet and to help us to accelerate the build-out of our pipeline of UK renewable energy projects. This is increasingly important as we look to meet our commitments to our rapidly expanding customer base.
“We believe this product provides investors and customers with the opportunity to be a part of the development of the UK’s green energy market and Good Energy’s expansion in particular, while also providing a yield backed by a Group which has a strong financial track record.”
Applications for the bond are due to close on 13th November 2013.
For more information on the Good Energy Bonds, please see goodenergy.co.uk/bond