* Invest as part of the first £930k and earn an extra 1% interest during the first 12 months.
We are excited to invite you to invest in Our Community Energy’s very
first bond offer. The purpose of this fundraise is to raise bond investment to
enable Our Community Energy to acquire the Pogbie 1 Wind Farm; generating
energy in East Lothian and Berwickshire, and supporting our goal to deliver low
cost energy to fuel-poor families.
Our vision is a portfolio of community-owned renewable energy projects
across Scotland that delivers electricity to our founding partner, Our Power, Community Benefit Society.
This project has a total cost of £8.336m, of which £6.491m is already
secured. Our fundraising target of £1.845m will allow us to take ownership of
The purchase of these generating assets has been designed to support
Our Power’s mission to reduce fuel poverty in Scotland by supplying discounted
electricity worth over £75,000 a year. This approach will support Our Power’s
objective of taking its customers out of fuel poverty and Mongoose’s objective
of positive social impact AND provide a good target return to investors.
The following table demonstrates projected interest and capital repayments based on a £10,000 investment in the bond offer. Please note that returns are not guaranteed.
KEY DETAILS - 2.5% + RPI target returns - Innovative Finance ISA eligible - 20-year term - Capital repayments start from Year 1 - Minimum fundraise target of £1,845,000 to acquire Pogbie 1 project - Annual target of £75,000 of discounted electricity to Our Power customers - Offer closes 30th June 2018 - Invest before 30th April 2018, accrue interest from 1st May 2018 - Invest before 31st May 2018, accrue interest from 1st June 2018 - Invest before 30th June 2018, accrue interest from 1st July 2018
Your capital is at risk and returns are not guaranteed. Read the full offer document, understand the risks and agree with the terms before deciding to invest.
Mongoose Crowd Limited ("Mongoose Crowd") (Firm reference number 779511) is an Appointed Representative of Share In Ltd (Firm reference number 603332), which is authorised and regulated by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request. Mongoose Crowd does not give advice or make personal recommendations. All investment products carry risks. The relevant Offer Document will cover risks specific to an individual investment. Please consider all risks before investing and read the relevant Offer Document for each investment. Bond and equity investments are not readily realisable and are not subject to the same protection from the Financial Services Compensation Scheme (FSCS) as deposits. Past performance is not a reliable indicator of future performance. Please note that capital is at risk and returns are not guaranteed.
The board of Mongoose Energy recently took the decision to refocus on its core mission of strengthening and supporting the community energy sector. Going forward, Mongoose will concentrate on asset management, supporting community energy groups in securing appropriate and affordable financing and helping its partners develop new projects. The board has decided that it can better achieve its goals through a partnership with Ethex rather than by operating its own crowd funding platform. As a result, we will be closing Mongoose Crowd and all future investment opportunities will be available via the Ethex platform .
You can sign up to the Ethex newsletter to receive information about these future investment opportunities, or should you have questions about investments made via Mongoose Crowd please contact Ethex: