“We are excited to work with Ethex to launch the Energy Garden Bond Innovative Finance ISA which will change the community sector forever. Supporters have been looking for investment opportunities to develop community-owned renewable energy and garden projects. This new innovation will help galvanise community involvement in supporting London’s ambition of becoming one of the most sustainable cities in the world.”
Agamemnon Otero, CEO Energy Garden and Repowering
|Offer opened||6th June 2018|
|Offer closes||31st December 2018|
|Location of project(s)||London|
|Each Bondholder||must apply for a single share in Energy Garden|
|Transferability||these community bonds are transferable and will be available to trade on the Ethex secondary market|
|Offer price, per bond||£50|
|Min. investment amount||£50|
|Min. IFISA investment||£1,000|
|Max. IFISA investment||£20,000|
|Max. investment amount||£100,000|
|Price per share||£1|
|Min. raise for offer to proceed||£2,000,000|
The projected financial return over the term of the Bonds is 4% per annum, which is the target return on investment (subject to Available Funds). Interest accrues against the outstanding balance of the Bonds. Energy Garden intends to repay a portion of capital on the Bonds every year so that capital is gradually repaid over 20 years approximately.
Energy Garden has assessed over 200MW of solar PV assets and has selected an initial pipeline of approximately 12.5MW. The sites are of varying sizes and cumulatively generate enough energy to power approximately 3,800 homes with a saving of 5,375 tonnes of CO2 a year.
The information on this website is only a summary of the offer document.
Before applying for bonds the whole text of the accompanying bond offer document and should be read.
Energy Garden is pleased to have received £350,000 in investment from serveral charities and foundations including the Friends Provident Foundation and the Coop Foundation. This has been invested through the Energy Garden Sophistocated Investor offer, and is included in the totaliser.
Learn more about key aspects of this bond offer
Aims, social and financial performance, and how it's run
If you are in any doubt about the information on this website, the content of the accompanying prospectus or the action you should take, you should immediately consult a person authorised for the purposes of the Financial Services and Markets Act 2000, who specialises in advising on investment in shares and other securities.
Prospective investors should be aware that the value of the bonds, which will not be quoted can go down. In addition, there is no certainty that investors will get back the full amount they invest.
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01865 403 304