South West renewable energy provider launches second bond to invest in growth

Business Support | Energy & Low Carbon Industry | Funding | Growth | Latest News | South West
Juliet Davenport OBE

Good Energy Group PLC, a Chippenham-based AIM-listed renewable energy supply and generation company, today announced the launch of its second corporate bond with the aim to raise £10m to aid in its growth.

The company was founded 18 years ago with the aim of helping homes and businesses to be part of a sustainable solution to climate change through supplying electricity from 100% renewable natural resources.

The first corporate bond raised £15m in an oversubscribed offer and the proceeds were primarily used to support the development of solar farms that supply electricity to tens of thousands of UK homes.

The company is now seeking to raise £10m via a second corporate bond, as part of a diversified funding strategy to support a socially responsible renewable energy to transform the way the UK sources, uses and interacts with energy.

Juliet Davenport OBE, Founder and CEO commented:In the four years since we launched our first corporate bond, Good Energy has grown significantly and successfully adapted to the changing energy and regulatory environment of the UK.

“New technologies and the way we use energy are bringing a modern, decentralised, low carbon structure to the UK energy industry. We are excited about this evolution and the opportunities it creates, and we believe Good Energy is ideally placed to thrive in this new landscape.

Good Energy has a long history of customer ownership and we are continuing this with the launch of Good Energy Bonds II, which will be used to develop renewable energy projects and broader corporate initiatives to fuel the future growth of the Company.”

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