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Good Energy

Market: 
VC
Type: 
Fundraising
Industry: 
Renewable energy
Raised: 
£11.8 million
Date: 
Jan 2010

Contacts

CEO: Juliet Davenport

Advisers

Comment

Renewable energy investor Good Energy has raised £11.8 million to upgrade its Delabole wind farm in North Cornwall.

The Chippenham-based company has arranged £9.6 million of debt finance from the Co-Operative Bank and is providing £2.2 million from its own resources. The money will go to re-power Delabole by replacing its 10 existing wind turbines with four ‘modern and more powerful’ Enercon turbines, which the PLUS-quoted company hopes will achieve a combined capacity of 9.2 megawatts and increase the wind farm’s output by some two and a half times, 'enough to supply more than 7,800 homes’.

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