Good Energy seeks to raise £3m in new share offer

Juliet Davenport
Juliet Davenport

Renewable energy supplier Good Energy wants to involve more customers in ownership of the company through its latest share offer.

The company aims to raise £3.1 million through issue of 1,495,900 new ordinary shares at the price of 208p per share. It plans to use these new funds to:

  • Improve customer experience through a new operational platform
  • Invest in new systems to reduce cost to serve and customer acquisition costs
  • Develop existing and new renewable energy generation sites to maximise value
  • Strengthen Good Energy’s financial position and future profitability

Juliet Davenport, OBE, Chief Executive, Good Energy, said: “Our customer numbers, renewable energy generation and revenues are all growing fast.

“We believe our customers are at the heart of our business and should have the option to share in the success of Good Energy.

“This new share offer gives them the chance, alongside our institutional investors, to be part of the next stage of our growth journey and our exciting plans for the future.”

The firm’s first windfarm in Delabole, Cornwall was bought through customer shares in 2002 and its first bond offer to customers in 2013 closed three weeks ahead of schedule, having reached the maximum of £15 million.

The AIM-listed company owns and operates a further six wind farms.

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