Triodos Renewables plc launches crowdfunded share issue
Individuals offered chance to co-own renewable energy projects
- Individuals offered chance to co-own renewable energy projects by participating in £5m retail share issue
- Investing from as little as £50.16 (initial offer), Triodos Renewables makes energy investment accessible to wider public
- Share price set at £2.28 per new ordinary share
- Share price growth of 63% since 2005
- Investment decisions should only be made on the basis of the Investment Memorandum and not on any information provided in this press release
Triodos Renewables today launches a major £5 million share offer. The money raised will be directly invested in constructing new UK renewable energy generating assets, allowing the company to further grow its renewable electricity generation capacity.
The company already owns and operates eleven renewable energy projects across the UK totalling 53 Mega Watt, including the recently constructed Avonmouth wind farm near Bristol, and is developing a further four, including Boardinghouse in Cambridgeshire.
Triodos Renewables is working with Trillion Fund, the crowd financing platform for renewable energy, to promote and distribute the offer. People can invest from as little as £50 – the lowest ever minimum investment for a Triodos Renewables share issue.
Executive Director of Triodos Renewables Matthew Clayton comments: "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."
The offer is open to both new investors and existing shareholders and the shares are tradable on a Matched Bargain Market marketed by Ethex and operated by Capita Share Dealing Services Ltd.
Consistent performance over ten years Triodos Renewables shareholders have received dividends in eight of the past nine years with an average dividend yield of 1.7% over the past three years. In addition to this existing shareholders in Triodos Renewables have benefited from consistent capital growth since 2005.
By opening up the share offer to people with as little as £50 to invest, Triodos Renewables is growing its community of investors who want to see more home-grown clean energy, as well as a fair return on their investment.
Trillion Fund CEO Julia Groves says: "Renewable energy can offer decent, steady returns for investors, with the added benefit of knowing your money is doing something good. With more than one billion pounds invested in renewable in 2013, ordinary investors are waking up to opportunities to put their money to work and get a share of the profits, even if they have as little as £50 to invest."
Triodos Renewables is unique in the fact that the company is owned by an ever growing number of shareholders. Already more than 5000 people have invested in the company. Triodos Renewables provides a steady revenue stream with its focus on sound projects that use proven technologies such as wind and hydro and operate on long-term contracts.
"I was looking to make an ethical investment and wanted to put my money towards helping to build a sustainable future."
Oivia Dean, Triodos Renewables share holder
Over the last year the company has increased its power generation capacity by 42% and it now owns and operates 11 sites around the UK with a combined capacity of 53.4MW, sufficient to generate enough clean, green electricity to power 34,200 homes. It is currently developing two new sites in Cambridgeshire and two in Scotland and is on the right trajectory to reach its aim of 125MW renewable energy operating capacity by 2020.
Triodos Renewables generated a record level of income last year through their continued investment in renewable energy projects. Income reached over £10m in 2013 and their level of fixed assets was £67 million as at 31 December 2013.
Commenting on today’s announcement, Matthew Clayton, Executive Director of Triodos Renewables said: "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."
Triodos Renewables investor Olivia Dean is a freelance project manager from Norwich. Commenting on today's announcement, the 33-year-old said:
"I decided to become a Triodos Renewables shareholder because I was looking to make an ethical investment and wanted to put my money towards helping to build a sustainable future.
"By investing in Triodos Renewables I have been able to do this while also getting a financial return, so it really is win-win."
Investing in shares is not the same as investing money in a bank account as your capital is at risk and you may not get back the full amount you invested as the value of investments and the income derived from them may go down as well as up. Past performance is not a reliable indicator of future results.
For more information call 0117 980 9717 or email email@example.com
Details of the share issue
Offer statistics (assuming full subscription)
|Number of Offer Shares||2,192,982m|
|Number of shares in issue immediately following the Offer||22,176,379|
|Gross proceeds of the Offer to be received by the Company||£5,000,000|
Subscription list closes 28 November 2014
Notes to editors:
For more information, arranging interviews, available case studies and or additional pictures, please contact the Triodos Bank Communications team:
Faye Holst, T 0117 9809 584 or M 0755 778 5167 firstname.lastname@example.org
William Ferguson, T 0117 980 9770 or M 07899 965 640 email@example.com
Rachel Mason, T 0117 9809721 or M 0750 078 8258 firstname.lastname@example.org
An investor who bought 2,000 shares at a share price of £1.40 in 2005 and sells them this year as part of the Buy back scheme would receive the following returns:
Investment made in 2005 £2,800
Total dividends received between 2006 and 2014 £440
Shares sold in 2014 £4,100*
Capital gain on investment £1,300
Total combined dividend and capital return £1,740
This equates to a total return of 5.8% per year for nine years
*This assumes the shares are eligible to be sold in 2014 as part of the Buy back scheme at 90% of the current share price (£2.05) and that the sale occurs following payment of the 2014 dividend.
About Triodos Renewables Plc
Triodos Renewables has 20 years’ of hands-on experience of constructing, owning and operating renewable energy assets, in a distinct niche in the market between community and utility scale. The company is managed by Triodos Bank NV, one of the world’s leading sustainable banks with €10 billion under management and investments in 376 renewable energy projects across Europe with a generating capacity of 2,280MW, generating enough energy to meet the equivalent electricity needs of 1, 480,000 European households.
Triodos Renewables plc is a UK public limited company, with more than 5,000 shareholders who we believe want their money to make a practical difference in the fight against climate change, and who recognise the long-term business potential of renewable energy.
Its portfolio includes eleven operational sustainable energy projects with a total capacity of 53 MW and able to produce enough clean, green renewable energy for the equivalent of more than 34,200 homes. In addition Triodos Renewables is presently constructing a further 4 renewable energy projects.
Triodos Renewables has invested in a number of wind farm projects, such as the Haverigg II Wind Farm in Cumbria, a re-powering wind farm project at Caton Moor in Lancashire, four 2MW windturbines in Avonmouth just outside Bristol and the Beochlich hydro-electric project in Loch Awe, Argyllshire.
Triodos Renewables is managed by Triodos Bank NV. Triodos Renewables is a trading name of Triodos Renewables plc.
About Triodos Bank NV
Triodos Bank only finances enterprises which create social, environmental or cultural added value. Key sectors include organic food and farming, renewable energy, social housing, and fair trade. Transparency is a core value: customers are informed about the bank's lending and can target their savings to particular areas of investment. A range of personal savings accounts is offered, and full banking services are available for businesses and charities. Triodos Bank is an independent bank founded in the Netherlands in 1980. Its principles and independence are protected through a special shareholding trust. The UK office opened in 1995 and is based in Bristol.