Your chance to invest in Bath & West Community Energy (BWCE) and
help re-finance their first set of Solar PV projects on a range of schools and
community buildings. Earn 5% annual returns with this 5 year unsecured bond offer which
is eligible for tax free investment through the Innovative Finance ISA (IFISA).
BWCE has developed into one of the leading community energy enterprises in the
country. They have built over 12MW of solar PV plus one hydro scheme, which is
enough electricity generating capacity to match the equivalent annual demand
from around 4,000 households.
The projects BWCE are looking to re-finance were built in December 2011
with a loan from SSE and they have performed above expectations since. As the interest
on the loan rises this year, re-financing increases the surplus available for community
benefit and also offers an opportunity to widen participation further by
replacing commercial debt with individual investment.
The target raise is £1,000,000, of which the first £700,000 will be
used to pay off the SSE loan and the additional £300,000 used to strengthen
their capital position and create a small fund to invest in new solar projects as
they arise. There is no minimum raise and whatever is raised will be used to
first pay off the loan.
year unsecured bond paying target returns of 5% per annum
of £1,000,000 - no minimum
investment £200, maximum £100,000
date 31 July 2017
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: