Renewable Energy Projects Payout

Image

This year’s ‘Christmas bonus’ pushes Abundance’s total P2P cash payouts to investors to over £1.2mn

Abundance, one of the UK’s leading P2P investment providers, has just made its latest cash payment - of £312,000 - to 1,700 investors in 6 of the 15 renewable energy projects funded through the platform to date. This latest cash payment, which happens just before Christmas each year, takes the total Abundance has paid out to investors to over £1.2mn, on a total invested so far of more than £14mn.

These numbers reflect the very strong performance of the project's funded by Abundance investors since the platform launched three years ago, with all projects solid and a number providing higher returns than planned for investors.

These payments also highlight one of the key and distinct advantages to investing through Abundance: from outset, twice a year throughout the term of your investment, investors receive a cash payment made up of a return of a portion of their original capital, and an additional amount as their investment return. On the projects offered to date, these returns are equivalent to a rate of return of between 6% and 9% IRR, depending on the project.

Therefore, although the typical term of an Abundance investment to ,date has been 20 years, investors enjoy returns early on and throughout the term. By the end of the term, all of their capital will have been returned along with their share of the profits made by the project as the years have rolled on. Added to this, Abundance investors wishing to cash-in early can do so by selling on their investments to others (made possible because they are tradable Debentures) free of charge via the Abundance website.

Bruce Davis, cofounder and joint MD of Abundance said, “The fact that capital is repaid along with investment returns throughout the term of the Debenture is a big attraction to our investors. These half yearly cash payments can either top-up the investor’s income at the time or be re-invested, which produces surprisingly bigger returns given the compounding effect.”

In addition to the cash payouts of more than £1.2mn, Abundance has also confirmed today that the renewable energy projects its investors have funded have so far produced an impressive 9.5 million kWh of electricity. That is more than enough to meet the electricity needs of every one of Abundance’s more than 2,000 investor’s homes over the last year.

Davis continued, “For many of our investors, the renewable energy their money is helping to produce is another important part of the return they are seeking. As each week millions more is withdrawn from investment in fossil fuels across the UK and beyond, our investors enjoy knowing their money is making a positive difference for the future – for them and their children. The fact that our investors enjoy such good returns AND see their money have a positive impact on the world is why we call our approach ‘Win Win’ investing.”

 

Share this page:

In this section

Standard Chartered Launches Sustainability Review

Standard Chartered has launched its 2013 Sustainability Review, which captures the progress and commitments it has made in supporting social and economic development across the markets in which it operates.

READ MORE →

Award for Innovative Investment Platform

Abundance Generation has been named as the winner of the Sustainable Finance category of the Sustainable City Awards 2013-14.

READ MORE →

ING Group Publishes Latest Sustainability Report

ING Group has published its 19th Sustainability Report 'Simpler, stronger, sustainable', which provides an overview of the company’s sustainability approach, actions and performance in 2013.

READ MORE →

Change Needed for Sustainable African Growth

Sustainable economic growth in Africa will require a step change in approach from both investors and governments, according to new research released today by FTI Consulting, Inc.

READ MORE →

Are Gift Aid Small Donations Working?

Charity Finance Group, the Institute of Fundraising and the National Council for Voluntary Organisations (NCVO), have released a new survey to find out how the Gift Aid Small Donations Scheme is working.

READ MORE →

New Appointment to Rockefeller Foundation Board

The Rockefeller Foundation, now in its second century of advancing the well-being of humanity, has announced the appointment of Ravi Venkatesan to its Board of Trustees.

READ MORE →

News Stand

View more → Sign up to receive new issues →