ThinkGeoEnergy – Geothermal Energy News

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

DISCLAIMER: The opinions expressed here does not constitute investment advice and independent advice should be sought where appropriate.

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