Late last year we invested in Abundance, described by The Guardian as a Building Society for the 21st century, more explanation here. Through Abundance, retail investors can buy a debenture on renewable energy infrastructure (e.g. wind turbines and solar farms) and benefit from the long term returns achieved – a bit like having your very own renewable energy generator. Returns can be paid direct through reductions on your electricity bill.
They have just launched their first offer, Great Dunkilns Farm, a wind turbine development in the Forest of Dean.
Abundance has the potential to signficantly alter the capital raising landscape for developers of renewable energy projects, and enable retail savers to benefit directly – avoiding the dreaded bankers. You can save as little as a fiver, make potentially above-market returns and help the move to a low-carbon economy. What’s not to like?