Abundance Targets Retail Renewables Investors With Bond Sales
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Abundance NRG Ltd., a London investment company, is courting retail investors with an offer to buy into wind, solar and other renewable energy projects for as little as 5 pounds ($7.90).
Abundance sells bonds issued by developers of wind farms and solar parks to those wishing to invest directly, co-founder Bruce Davies said in an interview. The bonds will deliver cash returns of 6.75 to 8 percent a year to investors who spend as much as 50,000 pounds per venture, Davies said by phone.