Future calls for onshore cash
£30m bond aims to raise funds for expansion in UK and Ireland
Future Renewables Eco (FRE) has opened a £30m (€34m) cash call to boost its medium wind turbine numbers in the UK and Ireland.
The company wants the Phase 4 bond to finance the acquisition of sites for construction at more than 20 locations across mainland UK and Northern Ireland.
It will also target developments in the Republic of Ireland set to benefit from an anticipated government-backed tariff regime.
FRE chief executive Gerry Woods said: “We have worked hard to establish relationships with landowners, developers, planners and energy companies to identify and capitalise early on potential opportunities.
“Our previous phases have progressed well and we believe we have identified more openings in the renewable energy market that allow us to further develop our business model.”
More than £14m has been raised through previous funding rounds.