Octopus Energy has introduced Collective, a new platform allowing individuals to invest directly in renewable energy projects such as wind turbines and solar farms. With a minimum investment of £25, returns go directly to investors as there are no fees and joining is free.
The platform launches with two wind turbines in Yorkshire and Wales, with plans for further projects across the UK. A £1,000 investment would equate to approximately 0.05% ownership of a turbine, potentially yielding a 6% annual return, with quarterly dividends totalling £180 over three years.
Investors can track their returns and the clean energy generated through their Collective account. Octopus Energy customers also have the option to link dividends to their energy accounts to offset bills. After three years, the project aims to buy back shares at the original price, allowing investors to withdraw or reinvest in other renewable projects.
