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Upper Pitforthie Windgen Debenture 1

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 2016
  • Supporting local businesses

    Renewable energy used to supply a wood chip and grain drying business
  • Generating green electricity

    Green energy exported to the grid receives feed—in tariff payments