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57 ABUNDANCE SOCIALLY RESPONSIBLE DEBENTURES ABOUT ABUNDANCE Abundance lets people generate a decent return from investments that help build a better world. Founded in 2009 by a small team of experts in finance, sustainability and technology, the first 2 years of development focused on developing a revolutionary proposition in retail investment and acquiring the necessary FCA authorisations. Abundance launched its first investment in 2012, raising more than £1.4 million for a wind turbine project in the Forest of Dean. Since then Abundance has raised almost £40 million for 25 projects across a range of renewable energy technologies. Investors choose to invest in individual projects from just £5 minimum investment and get long-term returns in the form of regular cash payments of capital and income. From November 2016, all investments issued via the platform can be included in the Abundance ISA and Abundance Pension. DEBT BASED SECURITIES OFFER Abundance is working with several issuers to bring new investments to the platform in the coming months. These investments will be in the energy sector, with target returns varying dependent upon the nature of the individual project. Variables include whether the technology is firmly established (e.g. onshore wind and solar) or early stage (e.g. new waste-to-power projects); the length of the investment; whether the assets are installed and operational or whether investors are funding construction; and so on. The target returns for operational assets are generally in the 6-9% IRR range, whilst construction and early stage operation we typically expect to offer at or around 12% IRR. Project issuers can be companies or local authorities with relevant expertise. Each issuer as well as each project undergoes our rigorous due diligence process, ensuring that only the very best we see end up on the Abundance platform. CASE STUDY ABUNDANCE TOTAL INVESTMENT SWINDON SOLAR FARMS Abundance has worked with Swindon Borough Council to raise more than £4 million of direct investment for two solar farms in Swindon. These solar farms are part of the Council’s vision to install 200MW of renewable energy by 2020, enough to generate the equivalent of all the electricity used by local households each year and also provide a stable, long-term income for the Council. Abundance investors receive a fixed return of 6% IRR over the 20-year term of each of the investments from the sale of the energy produced and government subsidies for solar. Their capital is returned in equal instalments on a six-monthly basis alongside income payments. Interest earned is always based on the amount originally invested, meaning that as time goes on more capital is placed back in the hands of investors, who are free to withdraw or reinvest free of charge. 40M 15M 25M 0M 5M 35M 10M 20M 2013 2014 2015 2016 2017