E2Energy's wind-turbine scheme offers green investors 7.5 per cent a year
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.If you're fed up with paltry returns on your savings and are interested in green energy, a new loan-based crowdfund launched this week could be a better home for your cash.
E2Energy, a joint venture between wind-turbine manufacturer Endurance and supplier Earthmill, hopes to raise £1.25m through the renewable-energy platform Trillion Fund by offering the chance to lend as little as £50 in return for 7.5 per cent a year.
To get that rate, you'll need to sign up before the end of July and lock your cash up for three years. However, you'll know that your cash is being used to install new wind turbines in Yorkshire, the North West, the North East, South Wales and Scotland.
Money lent is backed by five turbines already in operation in Yorkshire and Teesside. They are covered by insurance for 20 years and already generating revenue from feed-in tariffs, as well as the sale of electricity to the grid.
Julia Groves, managing director of Trillion Fund, said: "Wind profits do not have to be just for wealthy landowners – they can go to everyone ... Renewable energy projects generate a steady, relatively predictable income flow from the feed-in tariff they receive and the electricity they send to the grid.
Interest on the fund is paid every six months and capital is returned after three years. This is not risk-free, though, and your money is not protected by the Financial Services Compensation Scheme.
You can get full details at trillionfund.com/e2energy
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments