Crowdfunding campaign for UK geothermal project getting off great start
UK geothermal project successfully kicks off one of the first crowdfunding campaigns for a geothermal project, having so far raised about 54% of its funding goal of around USD 5.4 million.
In likely one of the first crowdfunding campaigns by a geothermal developer, the United Downs Geothermal Project has already successfully raise GBP 2.4 million (around $2.93 million) or around 54% of its funding goal of GBP 4.4 million or $5.4 million.
This crowdfunding campaign is for a secured construction bond for a 18 month term, with capital and interest paid at maturity on 31 March 2019.
Source: Abundance Investment
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