At Good Energy, we have a long history of customer ownership; most of our shareholders are also our customers. These wonderful people have not only taken action to reduce their own impact on the environment by choosing Good Energy to power their homes and businesses, but they’ve also invested their money to support Good Energy’s purpose – powering a cleaner, greener future together.
Our most recent invitation to our customers to support our future was the launch of our second corporate bond. We launched the bond on 10 May 2017, setting out a target to raise £10 million.
When the application period for the bond closed, we confirmed that we had exceeded the fundraising target, but I’m really pleased that we can now give the full picture. And what a fantastic one it is. We didn’t merely “exceed” the target, we smashed it, raising £16.7 million!
These funds will enable us to invest in Good Energy’s next phase of growth. I’m thrilled and humbled by such a huge vote of confidence in our business. The investment will help power our new strategy – always focused on customers – and enable us to explore opportunities in new business areas including green business consultancy and solutions to promote the wider use of electric vehicles and energy storage.
Donald Trump’s stupid, selfish step backwards when he pulled the US out of the Paris Accord has been met by a flood of renewed support for climate action from civic and business leaders around the world. Those committed to a cleaner, greener, fairer future are coming together in a global movement that has never been more powerful than it is today and I’m thrilled that the Good Energy family – our customers, our investors, our shareholders, our staff, our generators, our partners – are at the heart of it.