Triodos Renewables Launches Public Share Issue

By Triodos Renewables, PRNE
Thursday, July 7, 2011

BRISTOL, England, July 8, 2011 -

  • The Most Widely-owned Renewable Energy
    in the UKSeeks to
    Raise up to £15 Million to be
    Invested in new Renewable Energy Projects
  • Offers Individual Investors the
    Opportunity to Participate in Direct
    of UK Renewable Energy
  • Share Price set at £1.80 per Ordinary
    Share With
    £540 Minimum Investment

Triodos Renewables Plc (”Triodos” or the “Company”), a leading
independent UK renewable energy company, today announces the launch
of a new share issue that offers investors the chance to share in
the direct ownership of the UK’s growing renewable energy
infrastructure and participate in one of the country’s fastest
growing markets.

The funds will be raised through a placing of up to 8,333,400
shares at £1.80 per ordinary share, with a minimum investment of
£540. The offer is open to both new investors and existing
shareholders and the shares will be tradable on the Matched Bargain
Market managed by Brewin Dolphin. Proceeds from the offer will be
invested directly into building new wind power assets to expand the
Company’s portfolio of operating renewable energy projects in the
UK. The offer represents an investment opportunity in tangible,
high value projects with long term revenue streams - an investment
in the nuts and bolts of renewable energy generation.

Triodos Renewables has over 15 years of ‘hands on’ experience in
the UK renewable energy sector, building, owning and operating
onshore wind farms and hydroelectric projects in a distinct niche
in the market between community and utility scale. This sector of
the renewable industry is demonstrating strong growth and the
Company’s success to date has attracted 4,000 investors, making it
the most widely owned renewable energy company in the UK. Triodos
Renewables is managed in the UK by Triodos Bank, one of the world’s
leading ethical banks with over €5.6 billion under management and
investments in over 300 renewable energy projects across

Over the last three years Triodos Renewables has increased its
power generation capacity by 57% and the Company now owns and
operates seven sites around the UK with a combined capacity of 36.8
MW, sufficient to generate enough renewable power for 24,500

The growth of Triodos Renewables is expected to accelerate in
the next few years as the Company moves towards its targets of 100
MW of operating renewable energy capacity by 2015. Triodos
Renewables has access to an immediate ‘pipeline’ of 19.1 MW of
onshore wind power capacity with 2.4 MW in procurement or under
construction and a further 16.7 MW of capacity under exclusivity
and ready to build. The first project to come on line will be a 1.5
MW wind farm in Dunfermline, Scotland, which is expected to begin
producing clean, renewable power at an industrial site before the
end of 2011.

Commenting on today’s announcement, James Vaccaro, Managing
Director of Triodos Renewables said:

“In launching this share issue we are giving investors the
opportunity to participate directly in the energy revolution
currently taking place in the UK by taking direct ownership of some
the country’s new renewable power projects. Over the last 15 years
we have established a strong leadership position in medium scale,
community-focused projects and it is this success that has prompted
us to offer the public more shares. We aim to use all of the money
we receive to build new sources of renewable power here in the UK.
The funds raised will be put to work very quickly building new
projects and we are therefore targeting 9% to 10% annualised rate
of return on investment to our shareholders over the long term.

The UK is at a crossroads at which choices need to be made that
will decide where our energy comes from in the future. Our share
offer allows investors mindful of the convergence of climate
change, energy security issues and the need to transition to a safe
and sustainable energy future, a chance to make a real difference
and expect a good return.”

Details of the share issue


    Subscription List opens                             10am 8 July 2011
    Latest time for receipt of Application Forms      3pm 30 August 2011
    Subscription List closes                          3pm 30 August 2011

Offer statistics (assuming full

    Issue Price                                                      GBP1.80
    Number of Offer Shares                                         8,333,400
    Number of shares in issue immediately following the Offer     23,113,510
    Gross proceeds of the Offer to be received by the Company  GBP15,000,120
    Net proceeds of the Offer to be received by the Company    GBP14,250,120
    Costs of the Fundraising                                      GBP750,000
    Dilution of Existing Ordinary Shares following the Offer           36.1%
    Percentage of issued share capital represented by Existing
    Ordinary Shares following the Offers                               63.9%

Notes to editors:

About Triodos Renewables Plc

Triodos Renewables is a public limited company, with 4,000
investors who want their money to make a practical difference in
the fight against climate change, and who recognise the long-term
business potential of renewable energy.

Triodos Renewables’ objective is to exploit opportunities in a
growing renewable energy market by taking advantage of projects
that generate clean, green electricity from renewable sources. It
also works with partners to develop and acquire projects, and
invest in innovative companies in the sustainable energy sector.
Its portfolio includes seven operating sustainable energy projects
with a total capacity of 36.8 MW producing enough clean, green
renewable energy for the equivalent of more than 24,500 homes.

Triodos Renewables has financed innovative projects, such as the
HaveriggII Wind Farm in Cumbria, a re-powering wind farm project at
Caton Moor in Lancashire, a single wind turbine in the Orkney
, and the Beochlich Hydro Electric project in Argyll in

Triodos Renewables is managed in the UK by Triodos Bank. Triodos
Renewables is a trading name of Triodos Renewables plc.

Triodos Bank only finances enterprises which create social,
environmental or cultural added value. Key sectors include organic
food and farming, renewable energy, social housing, and fair trade.
Transparency is a core value: customers are informed about the
bank’s lending and can target their savings to particular areas of
investment. A range of personal savings accounts is offered, and
full banking services are available for businesses and charities.
Triodos Bank is an independent bank founded in the Netherlands in
1980. Its principles and independence are protected through a
special shareholding trust. The UK office opened in 1995 and is
based in Bristol.

Triodos Renewables was established to provide equity finance
through direct investment in small to medium-scale renewable energy
projects, such as hydro-electric projects and wind farms. The
development of the business - and a shareholder base of 4,000
subscribers - provides a mechanism for individuals and institutions
to invest directly in renewable energy opportunities.

Contacts: Citigate Dewe Rogerson : Chris Gardner, +44-20-7638-9571, chris.gardner at ; Lucie Holloway, lucie.holloway at ; Malcolm Robertson, malcolm.robertson at ; Tridos Renewables: Jack Ozanne, +44(0)117-980-9721, jack.ozanne at ; Will Ferguson, +44(0)117-980-9770, william.ferguson at ; Alex Connor, +44(0)207-138-3215, alex.connor at

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