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Good Energy Group to redeem £3.6 million bonds before June 30
By Sarah Lizee
Olympia, Wash., May 21 – Good Energy Group plc will redeem in full the remaining amount of its first bond issued in 2013 before June 30, according to a news release.
As of Dec. 31, the outstanding principal amount of the bonds was £3.6 million.
The company said that following the recent sale of the Newton Downs and Brynwhilach solar farms into community ownership, the purposes for which the bonds were raised have now been fulfilled.
“Through their investment in Good Energy bonds in 2013, Good Energy’s bondholders have supported the development of thirteen solar farms across the U.K. and nearly 150MW of renewable projects – exceeding our original purpose for the bond,” the company said in the release.
Good Energy is a renewable electricity supplier and generator based in Wiltshire, England.
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