Upper Pitforthie Windgen Debenture 1
- 12% IRR
- 1 year
Upper Pitforthie Windgen was set up to own, build and manage a 500kW Enercon E48 wind turbine at the Upper Pitforthie farm in Aberdeenshire. The wind turbine generates clean renewable electricity which it supplies to the grid and a wood chip and grain drying business on the same farm. This short term investment financed the construction of the turbine, which was then refinanced into a long term investment on Abundance in 2017.
Total funded
£2,175,000
Investors
408
Closed
Dec 2015
Generating wind energy
The 500kW turbine has been operating at the site since 2016Supporting local businesses
Renewable energy used to supply a wood chip and grain drying businessGenerating green electricity
Green energy exported to the grid receives feed—in tariff payments