Ripple Energy wind farm?

paul991

there are some  quite good  investments on the abundance platform which pay a conventional dividend in cash

Exiled_Tyke

paul991 said:

there are some  quite good  investments on the abundance platform which pay a conventional dividend in cash

I thought Abundance offers loans and therefore pay interest not dividends?

paul991

yes  your right most are return of capital and  fixed  interest some  vary  with  output a few  on there vary between 2  and  10 percent  depending on risk , the  lowest paying ones are usually  to local  councils 

Exiled_Tyke

paul991 said:

yes  your right most are return of capital and  fixed  interest some  vary  with  output a few  on there vary between 2  and  10 percent  depending on risk , the  lowest paying ones are usually  to local  councils 

Indeed, although they are all loans so no dividends nor upside potential.  How Ripple has structured is still an enigma to me. They talk of ownership but then the returns are taxed as interest. So I'm wondering whether members legally get debentures plus voting rights?  Very strange.

paul991

some get changed to debentures you only usually vote if there's a structural change to the investment ,like a extension

QrizB

From today's Kirk Hill email:

All you need to know about the Kirk Hill share offer: 

The breakdown of the SPV, the entity which owns the project is as follows: The equity raise has funded 70% of the project. The remaining 30% of the funding will be from a finance facility. The cooperative's share is made up of 5,603 individuals and 18 businesses. It will own 57.6% of the project. That's a raise of over £13m. Commercial property company Bruntwood, Kirk Hill's co-investor, will own a 42.4% share The finance element will have a separate, longer term power purchase agreement to provide certainty over revenue to the bank and will not affect the member returns.  Once the finance facility has been repaid, members are set to receive additional returns from the excess power being generated.

That sounds promising.

Petriix

QrizB said:

From today's Kirk Hill email:

All you need to know about the Kirk Hill share offer: 

The breakdown of the SPV, the entity which owns the project is as follows: The equity raise has funded 70% of the project. The remaining 30% of the funding will be from a finance facility. The cooperative's share is made up of 5,603 individuals and 18 businesses. It will own 57.6% of the project. That's a raise of over £13m. Commercial property company Bruntwood, Kirk Hill's co-investor, will own a 42.4% share The finance element will have a separate, longer term power purchase agreement to provide certainty over revenue to the bank and will not affect the member returns.  Once the finance facility has been repaid, members are set to receive additional returns from the excess power being generated.

That sounds promising.

The last bullet point is particularly interesting. It implies that the finance is less expensive than paying out to coop members; so we might all be better off this way than if it had sold out completely. 

paul991

they have announced a new offer  coming  but if there's a implied limit on total watts  bought most existing members wont  be able to invest but we have to wait and see when launched

chqshaitan

Petriix said:

QrizB said:

From today's Kirk Hill email:

All you need to know about the Kirk Hill share offer: 

The breakdown of the SPV, the entity which owns the project is as follows: The equity raise has funded 70% of the project. The remaining 30% of the funding will be from a finance facility. The cooperative's share is made up of 5,603 individuals and 18 businesses. It will own 57.6% of the project. That's a raise of over £13m. Commercial property company Bruntwood, Kirk Hill's co-investor, will own a 42.4% share The finance element will have a separate, longer term power purchase agreement to provide certainty over revenue to the bank and will not affect the member returns.  Once the finance facility has been repaid, members are set to receive additional returns from the excess power being generated.

That sounds promising.

The last bullet point is particularly interesting. It implies that the finance is less expensive than paying out to coop members; so we might all be better off this way than if it had sold out completely. 

Yes, I suspect that's because the length of the finance is less than the 25 years that a co-op member would be being paid back. Good news though

chqshaitan

paul991 said:

they have announced a new offer  coming  but if there's a implied limit on total watts  bought most existing members wont  be able to invest but we have to wait and see when launched

Yes, I thought that this was strange, as even though you may have maxed out your existing allocation, you can still reserve into the new farm. 

I reckon that they will only allow peps who have not maxed out their allowance to invest, but you never know