E5 Energy is an asset-backed, peer-to-peer loan offering 7.5%, fixed interest rate for three years (until February 28), with investments starting at £50. Interest is paid twice yearly, with income coming from operational, revenue-generating wind turbines.
Capital at risk.
Trillion Fund, the UK’s biggest social crowdfunding platform, has launched a three-year, peer-to-peer wind loan paying a market-leading 7.5 per cent to those who invest before February 28. The rate drops to 7 per cent thereafter.
How much interest will I earn?
An investor lending £10,000 before February 28 would receive twice yearly interest payments of £375 or £750 a year, and generating total interest of £2,250 after three years, with capital repaid at the end of the term. You can check the offer document for more example returns, but please remember that your capital is at risk and this is a long-term investment. Your money will not be covered by the Financial Services Compensation Scheme.
Where is my money going?
E5 Energy, the wind turbine venture raising the money via Trillion Fund, is seeking up to £2.5 million from lenders, who can put in a minimum of £50. The loan differs from other peer-to-peer loans because it is asset-backed, meaning lenders have security over 10 operating wind turbines.
The money raised will be used to finance the installation of ten more turbines on farms across the UK, which will generate enough clean energy to power more than 500 average homes.
The returns paid to lenders come from Feed-in Tariffs and electricity prices, which are paid by power companies for the energy the turbines generate.
Who is behind the loan?
The first closed six weeks early in August last year and was over-subscribed, attracting more than 250 investors.
Trillion Fund is authorised and regulated by the Financial Conduct Authority and specialises in raising money for renewable energy projects from ordinary people.
“Cutting out middleman fees through the peer-to-peer model enables us to offer better rates to the borrowers as well as the lenders, so everyone gets a better deal,” says Julia Groves, chief executive of Trillion Fund. “Because the loan is secured against existing assets, some of the risk of lending is removed. The loan funds newly-installed turbines, so it also helps the UK meet its clean energy targets by generating more wind power.”
Brett Pingree, vice president of Endurance Wind Power, says: “Our aim with the first raise was to open up access to renewable energy for everyday savers and investors, which we achieved. Now, we’re offering even more investors the chance to support the UK’s clean energy supply.”
For more information and to lend to this project, go towww.trillionfund.com/e5energy
This promotion has been issued by Trillion Fund, which is authorised and regulated by the Financial Conduct Authority.
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