Future Renewables Eco (FRE) has opened its latest funding phase as the firm looks to increase the number of wind turbines it operates across the UK and Republic of Ireland. The company’s Phase 4 Bond aims to raise GBP 30 million to finance the acquisition of wind turbine sites for construction at more than 20 sites across mainland UK and Northern Ireland leading to further opportunities opening up in the Republic of Ireland.
Phase 4 will target sites in the Republic Ireland that are set to benefit from a widely anticipated government backed tariff regime. In addition, FRE is looking to enter into Power Purchase Agreements with local communities, selling electricity directly to public sector buildings and small to medium private, long established enterprises. The company is also keen to partner with existing wind turbine site owners in Northern Ireland, replacing older systems with newer more efficient turbines through a regeneration programme availing of pre-existing available government incentives on the sites.
