The first project on Abundance was a 500kW wind turbine that powers the grid and the local community
As well as being the first project on Abundance, REGD was also the first community scale wind turbine in the Forest of Dean. People local to the project and our very first members invested £1,400,000 to fund its construction in early 2013.
All the clean electricity produced goes directly into the grid, while the financial revenues are shared between investors and the local community. The latter allocate grants from the Community Fund to groups and initiatives in the local area on a regular basis.
This Debenture was redeemed early after the company was bought by a local community benefit society — Debenture holders were repaid in full plus a premium determined by an independent valuer.
Key terms
Investment returns are paid every 6 months over the life of the investment.
The amount returned to investors in each period is linked to the performance of the company in the preceding 6 month period. In each period, the return paid goes first towards repaying an equal instalment of the original capital invested, and anything above that amount in each period will be paid as investment income.
Documents
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 date | Capital repayment | Dividend | Total |
|---|---|---|---|
| 9 June 2013 | £25.00 | £0.00 | £25.00 |
| 9 December 2013 | £25.00 | £2.68 | £27.68 |
| 9 June 2014 | £25.00 | £7.04 | £32.04 |
| 9 December 2014 | £25.00 | £0.00 | £25.00 |
| 9 June 2015 | £25.00 | £23.73 | £48.73 |
| 9 December 2015 | £25.00 | £7.95 | £32.95 |
| 9 June 2016 | £25.00 | £28.98 | £53.98 |
| 9 December 2016 | £25.00 | £0.00 | £25.00 |
| 9 June 2017 | £25.00 | £11.44 | £36.44 |
| 8 December 2017 | £25.00 | £3.44 | £28.44 |
| 8 June 2018 | £25.00 | £17.77 | £42.77 |
| 9 December 2018 | £25.00 | £0.00 | £25.00 |
| 30 April 2019 | £700.00 | £126.00 | £826.00 |
| Total | £1,000.00 | £229.03 | £1,229.03 |