A UK hydropower company is offering investors an opportunity to become involved in new hydro infrastructure in the country.
Working in partnership with Triodos Bank, TLS Hydro Power Ltd - which develops, owns and operates a portfolio of hydro power sites across Scotland and England - has launched a £2.5 million bond issue. Funds raised will be used to finance the development of new hydro power schemes including a 1 MW project in the Perth and Kinross district in Scotland, construction of which is planned for autumn this year.
"Independent renewable energy producers like TLS Hydro Power Ltd are a fast growing force in the UK energy market and contribute to the UK's green energy targets," commented Head of Corporate Finance, Dan Hird. "We are proud to be able to use our experience in raising capital to help the company grow and realise its potential."
TLS Hydro Power Ltd is part of the larger TLS Energy Group, whose activities cover the entire energy supply chain, from renewable energy generation to delivery of energy to the end user. The group's retail arm, LoCO2 energy, supplies energy to 8,500 domestic and business customers. LoCO2 energy customers and investors who become customers by 31 March 2016 are being offered an additional 0.25% gross interest per year (i.e. interest equivalent to 7.25% gross per year) through the bond issue.
The minimum individual subscription for the bond issue is set at £1,000 however LoCO2 energy customers can invest a minimum of £500.
Would-be investors can apply for the bond from 16th March 2015 until Friday 29th May.
For more information visit http://www.loco2energy.com/our-green-energy/invest-in-renewables.php
