Upper Pitforthie Windgen Debenture 2
- 7.3-8.5% IRR
- 17 years
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. The drying business supplies woodchip to local biomass boiler owners, bringing the green energy element full circle; it is one form of renewable energy supporting another. Abundance investors raised the original short term finance to fund the construction of the turbine, which was then refinanced into this long term investment on Abundance.
Total funded
£2,300,000
Investors
605
Closed
Dec 2016
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
£587.14 available on our marketplace