Investment that's blowing in the wind
Investing in wind farms is more than hot air. It's a chance to use your cash to make a difference, while hopefully making a profit. But it's an investment where returns are at risk, not least from the vagaries of British weather. If the wind doesn't blow hard enough, the wind farm can't generate alternative energy or profits.
The latest project from the green investment company Triodos Renewables has been to install a wind farm on the Africa Alive! wildlife park in Kessingland in Suffolk. The 78.5m tall turbine sits on land owned by the wildlife park and is part of Triodos Renewables' two-turbine Kessingland wind farm.
The two turbines have been connected to the local electricity grid and when fully operational will produce 4.1MW of green electricity, enough to power the nearby village of Pakefield, which has a population of nearly 7,000. The power generated will be sold to the National Grid under the Government's feed-in tariff scheme, with the wildlife park sharing in the profits.
"Our share will go a good way towards reducing the costs our welfare and conservation work sustains," says Martin Goymour, director of Africa Alive!
"To know that a full flow of electricity from the turbines is now going through is great," he said. "Our visitors find them fascinating."
The wind farm is the sixth in Triodos Renewables' portfolio, which also includes an investment in Marine Current Turbines – a tidal generation technology developer – and a hydroelectric project in Argyllshire. The company's turbines' combined capacity will increase renewable electricity generation capacity to the equivalent to the energy required to power some 24,500 homes.
The company, which is managed by the ethical bank Triodos, claims to be Britain's most widely owned green energy company, with 4,000 individual backers. It has been going for 15 years, and now hopes that a £15m public share issue will attract new money to invest in renewable energy projects in the UK.
The company is placing up to 8,333,400 shares at £1.80 per ordinary share, with a minimum investment of £540.
James Vaccaro, managing director, says: "We aim to use all of the money to build new sources of renewable power in the UK. The funds raised will be put to work very quickly building new projects, and we are targeting 9 per cent to 10 per cent annualised rate of return on investment to our shareholders over the long term."
If you are interested, the deadline to apply for shares is 30 August.
Compare with the Independent: See how much you could save by switching credit cards. Compare now
easyJet founder Sir Stelios Haji-Ioannou aims to make buying a home easier
Life expectancy calculator will allow people to plan ahead but needs to be handled carefully
Do alternative savings offer happy returns?
How to start your own internet business
The housing market is overheating and it's time to cool off
- 1 Easter egg hunt horror as mother finds dead body under deck of house
- 2 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 3 Unbeliebable: The White House offer 'no comment' to anti-Justin Bieber petition
- 4 Loch Ness Monster found on Apple Maps?
- 5 Shropshire criminals ‘using unmanned drones and infrared cameras to find illegal cannabis farms’ – and then steal from the growers
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
'Sinful': Video of British Muslims dancing to Pharrell Williams's hit Happy comes under attack
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
Abdullah Deghayes: My son was the martyr of a just cause, says father of British teenager killed in Syria conflict
An open letter to Nigel Farage: you may smile, but I am not seduced
iJobs Money & Business
Negotiable: Harrington Starr: Database Team Lead ( Leadership, Sybase, Compute...
£40000 - £50000 per annum + Bonus+Benefits+Package: Harrington Starr: C#.NET D...
£25000 - £35000 per annum + Bonus+Benefits+Package: Harrington Starr: VB.NET S...
£45000 - £55000 per annum + Bonus and Benefits: Harrington Starr: Trade Suppor...
Day In a Page
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens
A seven-bedroom Grade II-listed property with a separate self-contained apartment
A five-bedroom Victorian house with three reception rooms and galleried landing, £695,000
A six-bedroom farmhouse with five acres of land in a former cloth-making village
A secluded seven-bedroom detached house with large private garden, £490,000
A three-bedroom cottage overlooking Sarratt village green with open fires and solid oak floors
A three-bedroom maisonette flat in a Grade I-listed, Georgian townhouse in a sought-after location
A one-bedroom apartment located within a private gated development, north of Turnham Green
Look forward to a brighter future at two-bedroom Sunny Cottages, ideal for Londoners looking to downsize
A three-bedroom red-brick cottage with outbuildings and pretty gardens, £200,000
This three-bedroom flat within a former textile factory spans the corner of the fourth floor and has a balcony
A charming four-bedroom Oxfordshire cottage with oak floors and chunky-beamed ceilings, £465,000
A beautiful one-bed flat in a sought-after portered block, with access to Norland Square communal gardens
A one-bedroom flat within a Sixties school conversion with high-spec design and open-plan kitchen, close to Lambeth North Tube, £435,000
A 17th century four-bedroom house, with open fireplaces, cellar and pool, £600,000
A three-bedroom, coach house with luxury open-plan living space and contemporary breakfast bar
A newly refurbished one-bedroom flat in the heart of Mayfair, close to Grosvenor Square
A charming four-bedroom house overlooking Burleigh Square Park, close to Thorpe Bay
A three-bedroom farmhouse with a large inglenook fireplace and exposed beams
A boutique mews house, set around a central courtyard, with three bedrooms and a private roof terrace
A four-bedroom farm-conversion with three bathrooms and two reception rooms
A two-bedroom detached house with ensuite bathrooms and a sun-drenched decked terrace, £750,000
A modern and spacious two-bedroom, penthouse flat with two bathrooms in a prestigious development
A beautifully renovated five-bedroom terrace with three reception rooms and a courtyard garden, £700,000
A four-bedroom period house which has been extended to provide almost 2,500sq ft of living space, £675,000
A pretty three-bedroom Georgian home with a 22ft drawing room and a master suite with a balcony, £525,000
A substanstial family home with five bedrooms and landscaped gardens in the much sought-after Branksome Park area
A well-presented three-bedroom house with front and rear gardens, close to White City station, £475,000
A handsome five-bedroom house in a sought-after location close to the city centre
A five-bedroom country home with valley views, equestrian stables and 27 acres of land, £725,000
A six-bedroom farm house with separate, detached cottages and 371 acres of land
A two-bedroom cottage with parquet floors, chunky beams and an open fireplace
A three-bedrrom flat with 2,733sq feet of living space, a beautiful private garden and 15 acres of communal grounds