Good Energy seeks more customer-ownership through share offer
Renewable energy supplier Good Energy wants to involve more customers in ownership of the company through its latest share offer. 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 £15m.
Today’s share offer gives customers the option to support the company’s mission to transform the UK energy market for the better.
Juliet Davenport, OBE, Founder and CEO of 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.”
Good Energy’s share offer will raise up to £3.1m 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
Share Offer period closes at 11.59 pm on 19th June 2016.
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