The Converging World

by The Converging World

About the project

More about the project


To date, TCW has installed 12.9MW of wind farm generators. The turbines used are of various sizes, ranging from small-scale to large ones. The organisation currently owns two 0.75MW, two 1.5MW and four 2.1MW turbines.

Most of the wind turbines have been manufactured and installed by Suzlon, an Indian company which is one of the world’s largest in the industry. Most of the parts are manufactured in India and local teams are used for the construction and installation. The exception is the 1.5MW wind farm which was manufactured and installed by Pioneer Wincon.

Guide to wind power

Watch our ‘investing in wind’ video


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Opinions and comments mentioned on the Trillion Fund Web site are the personal views of individual contributors. Trillion Fund takes no responsibility for these views.
jsg 29 January 2015 - 11:08

Hi Sez,

From a Trillion perspective, if a project does not reach it's tipping point, the raise does not go ahead and funds will be returned to lenders.

The tipping point is agreed with the borrower as the minimum amount that would allow them to achieve their key business goals.

Wendy will I am sure outline for you and other lenders what the use of proceeds will be if the amount raised is closer to £50,000 than £200,000.


Sez 28 January 2015 - 21:41

Can you explain what happens if a project passes the tipping point, but doesn't make the target? This looks like a perfect example in this case. Does the project go ahead anyway? How does TCW fund its plans if so as it may have raised only a fraction of the target. Does this affect the likelihood of success and the returns from investment? The Trillion Fund website seems to have no explanation whatsoever of the Tipping Point concept and what it actually means practically to investors. Thanks.

Wendy Stephenson 11 November 2014 - 16:00

Dear Hazel,

Many thanks for this timely question. After further discussions with HMRC and much deliberation internally we are sorry to say that we have taken the decision not to apply for this (the listing will be changed shortly to reflect this).

The main reason for this is that the SITR regulations say that we must put the funds to use in our qualifying trade, which we want to do, but in our case our qualifying trade is in the subsidiary owned by the charity. HMRC further states that if the qualifying trade is in a subsidiary then that subsidiary must be owned 90% by the charity. In our case we own 60% of the subsidiary with another charity owning the other 40%. We have checked back to the Cabinet Office to check if this is an unintended consequence of the legislation as it is drafted (since no profit making enterprise will benefit which is why the 90% rule is applied) and we have been invited to put this point forward as one that will be taken into consideration in future updates.

However, in the meantime, because of the restrictions of SITR and our desire to use the funding in our qualifying trade to further growth, we have unfortunately concluded that we cannot do this and comply with current SITR regulations.

We do hope our offer and the impact of the work the charity is doing, will still be attractive enough for you and other people to support its work through a loan with the terms on offer.

Please do not hesitate to get back to us with any further questions.

Best wishes, Wendy

Hazel Madden 07 November 2014 - 18:28

When will there be confirmation regarding the Social Investment Tax relief?

Wendy Stephenson 30 October 2014 - 16:50

Thank you for your query, Simon,

There are several elements that we need to consider before setting up a wind farm project. These include for example the quality of the wind potential of the site, which in turn would lead to the choice of wind turbine (because wind speeds are a factor in this choice) and of course the quality of the wind turbine itself as you have alluded to.

1. Wind potential of the site on offer:
In India it is more usual to purchase the wind farm site from a wind turbine manufacturer/supplier which has already undertaken an in-house wind resource assessment (WRA) to understand the wind potential of the site on offer and if good would have already acquired planning permission to build. However, we also insist on an independent reputed third party WRA to corroborate the data of the wind turbine manufacturer. In addition, we always check the historic generation data of the nearby wind turbines which are already in operation.

2. Quality of the turbine.
We always select the wind turbines based on the reputation of the manufacturer, their market share, the number of wind turbines of the same model already in operation and its track record.

3. Suitability of the turbine for the given location.
The selection of wind turbine depends on the wind speed in a given location i.e. the site on offer. The wind turbines are available for all class of sites i.e. class 1, class 2, class 2B & class 3, in accordance with international standards. Hence, we will select the most appropriate class of turbines to suit the wind speed of the site on offer.

We hope this helps answer your query and please do not hesitate to get back to us for further clarification.

SimonGoodSupply 23 October 2014 - 09:38

Sounds interesting. What are The Converging World doing to ensure they buy the best turbines to maximise the return and minimise risk?

jsg 02 October 2014 - 15:30

TCW is a registered charity with the UK Charity Commission, and has been in good standing since it was founded in 2006. They successfully raised funding with our partner Buzzbnk in 2012, and have met all repayments on schedule. This is an unsecured loan, for development of new sites outside the UK. Any surplus left after repaying lenders will go to supporting UK and Indian social projects. Your capital is at risk and returns cannot be guaranteed Robert.

Margaret Smith 02 October 2014 - 14:59

This looks like a very worthwhile project, which I'd like to support. But first... Can investors be sure about The Converging World? I'm not suggesting there is anything suspicious here, but there have been some fake charities in the past, as well as some that were mismanaged. Has TCW been vetted by Trillion?

What do you think?

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