UK green power company issues £10m 'Ecobonds'

UK 'green' energy company Ecotricity announced yesterday that it's issuing ‘EcoBonds’ to fund an expansion of its renewable energy generation capacity. The mix of assets to be developed includes wind, solar and renewable gas. Ecotricity is aiming to raise a modest £10 million with the bonds.

The fixed rate EcoBonds have a 4-year term and pay 7% - or 7.5% for Ecotricity customers. The bonds are aimed at ethical investment market, including, clearly, Ecotricity customers.