NB. For lenders to this project concerned about the impact of the end of the Renewable Obligation subsidy for onshore wind, please note that this announcement will not affect your loan to E5 Energy. For more information, read this blog.
How the tranche system works
Now that the project has passed the £1.25 million "tipping point", each new £250,000 raised represents a new tranche, equivalent to the value of one new turbine added to the security, up to a maximum of £2.5 million. For more on why we are raising the money in this way, read this.
Known as “small-scale”, “distributed” or “farm” wind, these turbines do not form part of a large wind farm, but instead are single installations in rural locations that power a single site, such as a farm or business park.
They are “50kW” turbines, however they have the capacity to produce up to 80kW of power at any given moment dependent on the strength of the wind.
They are known as Endurance E3120s, which differ from other makes of turbine because at 3,120 sq ft, the swept area of the blades is relatively large for the size of the turbine.
The technology used inside is proven, including Siemens gearboxes and ABB generators.
Guide to wind power
Watch our ‘investing in wind’ video
Case study lender
Robert West, a biostatistician at the University of Leeds
“I have less than ten years until I retire. My university pension scheme is quite good but I do look for alternatives and have a small portfolio of p2p investments as part of broader investment.”