Energy group Eneco to sell public bonds to finance new wind farm

Local council-owned energy group Eneco hopes to raise €10m from private investors by selling bonds in a new wind farm in Brabant.

The bonds will cost €25 each and offer a minimum return of 2.5%, rising to 3.5% if it is windy enough, Eneco said in a statement.

Eneco has set a limit of 100 bonds per person in order to ensure as many people as possible can invest. The bonds have a coupon date of five years but can be redeemed cost free at any time.

The company told website nu.nl it hopes that by allowing the public to invest in wind power it will increase public acceptance of the turbines.

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