LONDON (Alliance News) - Good Energy Group PLC on Tuesday said it will fully redeem its first bond issued in 2013 after the recent sale of its Newton Downs and Brynwhilach solar farms.
The bonds were originally created by the renewable energy company in order to fund Newton Downs solar farm in Devon and Brynwhilach solar farm near Llangyfelach, Swansea - both of which have now been sold.
As at December 31, the outstanding principal amount of the first 2013 bond was GBP3.6 million. Good Energy notes that its 2013 bondholders had helped develop 13 solar farm in the UK and almost 150 megawatts of renewable projects, which exceeded the bond's original purpose.
Good Energy Founder & Chief Executive Juliet Davenport said: "The year ahead will be an important one for us, as we roll out our SMART meter programme and focus on the growth of technology enabled energy services for our customers."
Davenport added: "Good Energy will continue to focus on profitable and sustainable growth, led by supplying power to consumers and businesses, while building significant shareholder value through its strategic investments and proposition development."
Shares in Good Energy were up 1.7% at 153.50 pence on Tuesday afternoon.
Good Enrg (GOOD)