Our ecobonds give people – our customers and the wider public – the chance to share in the financial benefits of the Green Energy revolution. They also introduce a little fairness to the financial sector by ‘cutting out the middlemen’ – the banks who pay low deposit rates to savers and charge high interest rates to the businesses they lend to.
It’s a concept that’s as popular as it is radical. Two ecobonds have been issued so far. Both raised £10 million and were seriously oversubscribed. We expect to issue a new ecobond as more projects come through planning and are ready to build.