thumbnail of REG High Down

REG High Down

Return 8.4%-9.3% IRR (variable)
Term 20 years
Total Invested £1.5m
653  investors
Maturity date 01 Nov 2016
thumbnail of REG High Down

Producing renewable wind power for the grid

Originally paid for by REG High Down’s shareholder, all the costs of installing the turbine were refinanced by Abundance investors soon after its commissioning in spring 2014. As with all wind farms developed by Renewable Energy Generation (REG), the 500kW turbine generates clean, renewable electricity which is used to supply nearby towns and villages through the local distribution network.

The project raised a total of £1,500,000 and paid investors regular cash returns from the electricity produced. In late 2015 the whole of the REG wind portfolio was purchased by a BlackRock fund, which redeemed the Debenture early in accordance with the fund’s financing approach. All Debenture holders were repaid in full, with an additional Premium payment, in November 2016.

The turbine is still generating clean electricity to power UK homes and businesses and will continue to do so for many years to come.

Key terms

Issuer REG High Down
Return 8.4% - 8.0% IRR (variable, based on performance)
Term period 20 years
Start date 1 April 2014
Maturity date 1 November 2016
Capital repayment Regular instalments
Amount raised £1,500,000.00
Return structure
Secured or unsecured Unsecured
Early repayment options

Documents

Debenture Deed
Download PDF The debenture deed sets out the legal agreement and terms for this investment.

Payment schedule

This table gives a breakdown of what has been paid back to date on this investment, based on an example investment of £1,000. The return on this investment is linked to the performance of the project during each return period.

Payment schedule table
Payment date Capital repayment Dividend Total
8 September 2014 £12.50 £5.31 £17.81
11 March 2015 £25.00 £15.09 £40.09
8 September 2015 £25.00 £29.02 £54.02
10 March 2016 £25.00 £28.50 £53.50
8 September 2016 £25.00 £24.17 £49.17
1 November 2016 £887.50 £121.39 £1,008.89
Total £1,000.00 £223.48 £1,223.48

Updates

These updates tell the story of the investment over its life and include information reported to investors by the company or council behind the investment. The updates are provided for informational purposes only and do not constitute an inducement or invitation to invest. Information provided at the time of publishing may no longer be accurate.

No updates.