Good Energy raises £16.7 million to invest in powering a cleaner, greener future together 19.06.17

Following the launch of its second corporate bond in May, Good Energy is pleased to announce that it has raised £16.7 million from investors, well ahead of its initial target of £10m.

Juliet Davenport, OBE, Founder and CEO of Good Energy commented:

“I am thrilled and humbled by the huge vote of confidence in our business and purpose by customers and investors alike and it is testimony to the value of putting customers and stakeholders at the heart of our funding strategy.

“These funds will help support and enhance the delivery of our new strategy as we explore opportunities in exciting new business areas including green business consultancy and solutions to promote the wider use of electric vehicles and energy storage.

“Those committed to a cleaner, greener, fairer future are coming together in a global movement that has never been more powerful than it is today and I’m thrilled that the Good Energy family – our customers, our investors, our shareholders, our staff, our generators and our partners are at the heart of it.”

The Company expects to allot Good Energy Bonds II on 30 June 2017.

 

Enquiries:

 

Good Energy Group PLC

+44 (0) 1249 766 795

Juliet Davenport, Chief Executive Officer

 

Denise Cockrem, Chief Financial Officer

 

Smithfield Consultants

+44 (0) 20 3047 2476

Alex Simmons

 

Brett Jacobs

 

Notes to editors:

  • Good Energy is a fast growing green energy company, generating and selling 100% renewable electricity and green gas to households and businesses across the UK.
  • An AIM-listed PLC, and founder member of the Social Stock Exchange, its purpose is to support change in the energy market, address climate change and boost energy security.
  • The Company has been awarded 4 out of 5 stars by Which? for customer service in 2016 and 2017, and has been voted the best energy company for customer service by users of MoneySavingExpert.com for three consecutive polls.
  • As at 31 December 2016, Good Energy had over 71,400 renewable electricity customers and 44,100 carbon neutral gas customers. It also provides Feed-in Tariff administration services to over 133,000 sites, totalling over 248,500.
  • Good Energy is the owner of Delabole Wind Farm, the UK's first commercial onshore wind farm and owns and operates Hampole Wind Farm, near Doncaster. The Company also owns and operates eight solar farms.
  • Good Energy received an average customer advocacy of 45. A net promoter score is an index ranging from -100 to 100 that measures the willingness of customers to recommend a company's products or services to others. It is used as a proxy for gauging the customer's overall satisfaction with a company's product or service and the customer's loyalty to the brand.
  • Good Energy has won a number of awards, including Renewable Energy Association Company of the Year Award 2016, Business Green Company of the Year 2015, and was named Social Impact Company of the Year at the 2014 and 2015 Small Cap awards.

 

 

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