Published by Gbaf News
Posted on August 13, 2012
6 min readLast updated: January 22, 2026
• Individuals offered chance to co-own renewable energy projects by participating in £8m public share issue
• 8.5% return over past year and 6.8% return over previous six years
• Share price set at £1.90 per ordinary share with £570 minimum investment
• Visit www.triodosrenewables.co.uk for more information or telephone 0845 478 6359
Triodos Renewables Plc (“Triodos” or the “Company”), a leading independent UK renewable energy company, today announces the launch of a new public share issue offering consumers the chance to participate in direct ownership of the UK’s growing community renewable energy infrastructure, one of the country’s fastest growing markets.
Proceeds from the offer, open from 31 July, will be invested directly into building new onshore wind power assets to expand the Company’s portfolio of renewable energy projects in the UK, such as Caton Moor and Dunfermline. The offer represents an investment opportunity in tangible, high value projects with long term revenue streams – an investment in the nuts and bolts of renewable energy generation.
The funds will be raised through a targeted placing of around 4m shares at £1.90 per ordinary share, with a minimum investment of £570. The offer is open to both new investors and existing shareholders and the shares will be tradable on the Matched Bargain Market managed by Stocktrade (a trading name of Brewin Dolphin).
Existing shareholders in Triodos Renewables have benefited from capital growth since 2005. For 2011, the Company is paying a 4p dividend. Over the past year the share price has increased 10p to £1.90 per share. Those who invested in 2006 have seen capital growth of 50p and total dividends of 16p per share – a 6,8% return.
Triodos Renewables, with almost 5,000 shareholders, is the UK’s most widely-owned renewable energy company. It focuses on low financial risk projects that use proven technologies and operate on long-term contracts, with an increasing proportion of sites located on Brownfield land where the aesthetic impact is reduced. Over the last three years the Company has increased its power generation capacity by 63% and it now owns and operates eight sites around the UK with a combined capacity of 38.25 MW, sufficient to generate enough renewable power for approximately 24,000 homes. It is on the right trajectory to reach its aim of 100MW renewable energy operating capacity by 2015.
Triodos Renewables has more than 16 years of ‘hands on’ experience in the UK renewable energy sector, building, owning and operating onshore wind farms and hydroelectric projects in a distinct niche in the market between community and utility scale. The Company is managed in the UK by Triodos Bank, one of the world’s leading ethical banks with over €5.6 billion under management and investments in 361 renewable energy projects across Europe with a generating capacity of 2,134MW, generating enough energy to meet the equivalent electricity needs of 1,500,000 European households.
Commenting on today’s announcement, Matthew Clayton, Managing Director of Triodos Renewables said:
“In launching this share issue we are giving investors the opportunity to participate directly in the energy revolution currently taking place in the UK by taking direct ownership of some of the country’s flagship renewable power projects. Over the last 16 years we have established a strong position in medium scale, community-focused projects and it is this success that has prompted us to offer the public more shares. We aim to use all of the money we receive to build new sources of renewable power here in the UK. The funds raised will be put to work very quickly building new projects and we are therefore targeting 9% to 10% annualised rate of return on investment to our shareholders over the long term.
“The UK is at a crossroads at which choices need to be made that will decide where our energy comes from in the future. Our share offer allows investors mindful of the convergence of climate change, energy security issues and the need transition to a safe and sustainable energy future, a chance to make a real difference and expect a good return.”
Details of the share issue
Timetable
Subscription List opens 10am 31 July 2012
Latest time for receipt of Application Forms 3pm 31 August 2012
Subscription List closes 3pm 31 August 2012
Offer statistics (assuming full subscription)
Issue Price £1.90
Number of Offer Shares 4.21m
Number of shares in issue immediately following the Offer 22,386,412
Gross proceeds of the Offer to be received by the Company £8,000,000
Dilution of Existing Ordinary Shares following the Offer 18.8%
Percentage of issued share capital represented by Existing Ordinary Shares
following the Offers 81.2%
About Triodos Renewables Plc
Triodos Renewables is a public limited company, with over 4,800 investors who want their money to make a practical difference in the fight against climate change, and who recognise the long-term business potential of renewable energy.
Triodos Renewables’ objective is to exploit opportunities in a growing renewable energy market by taking advantage of projects that generate clean, green electricity from renewable sources. It also works with partners to develop and acquire projects, and invest in innovative companies in the sustainable energy sector. Its portfolio includes eight operating sustainable energy projects with a total capacity of 38.25 MW producing enough clean, green renewable energy for the equivalent of approximately 24,000 homes.
Triodos Renewables has financed innovative projects, such as the Haverigg II Wind Farm in Cumbria, a re-powering wind farm project at Caton Moor in Lancashire, a single wind turbine in Dunfermline, and the Beochlich Hydro Electric project in Argyll in Scotland.
Triodos Renewables is managed in the UK by Triodos Bank. Triodos Renewables is a trading name of Triodos Renewables plc.
Triodos Bank only finances enterprises which create social, environmental or cultural added value. Key sectors include organic food and farming, renewable energy, social housing, and fair trade. Transparency is a core value: customers are informed about the bank’s lending and can target their savings to particular areas of investment. A range of personal savings accounts is offered, and full banking services are available for businesses and charities. Triodos Bank is an independent bank founded in the Netherlands in 1980. Its principles and independence are protected through a special shareholding trust. The UK office opened in 1995 and is based in Bristol.
Triodos Renewables was established to provide equity finance through direct investment in small to medium-scale renewable energy projects, such as hydro-electric projects and wind farms. The development of the business – and a shareholder base of over 4,800 subscribers – provides a mechanism for individuals and institutions to invest directly in renewable energy opportunities.
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