Specialist VCT Ventus says its plan to fund development of small-scale wind farms has attracted £4.2m in cheques ahead of the end of the fiscal year.
The fund aims to meet return targets through the signing of power delivery deals between the generators and larger energy distributors, which are under pressure from government targets to offer more renewable energy. Charles Connor, director of Climate Change Advisory, a subsidiary of specialist investment bank Climate Change Capital, and member of the management board of Ventus says the power purchasing agreements being put in place should create more certainty of cash flow. Ventus is expected to place the first allotment of shares by 14 March, with expectations of some £6m worth of ...
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