Linton Hydro has raised £3.3m crowdfunding investment through the Triodos impact investment crowdfunding platform. Investors include both retail and institutional investors.
Linton is the company behind two North Yorkshire hydroelectric power schemes. It owns and operates two adjacent hydropower schemes at Linton Lock on the River Ouse in North Yorkshire.
They generate enough electricity to power the equivalent of about 450 homes and supply to a local free-range egg farm directly.
Linton has completed developments including a Larinier fish pass, which provides access to traditional upstream spawning grounds.
Also, in collaboration with the British Canoeing, they have incorporated a white-water canoe course into the design to facilitate recreational and competitive canoeing without impacting fish migration.
The investment will enable Linton to repay its existing bondholders and some of its shareholders loans they used to finance the construction and improvement of schemes.
Dave Mann Linton’s Hydro director, said, “We can’t thank our investors enough for getting behind our investment offer and helping us to raise this capital. Hydropower schemes are key in helping to generate clean electricity in the UK, which is important for now and for the future.“
“Knowing that the enhancements we made to the scheme are having a positive effect on the river’s fish population and that both novices will soon use the white-water course and competitive canoeists make it an exceptional scheme indeed. People will be able to see the impact of their investment long into the future,” he added.
Dan Hird, who is the head of Corporate Finance at Triodos Bank, added: “Supporting renewable energy generation is a key part of our business and we were delighted to offer this investment in Linton Hydro, which proved to be popular with our investors.”
“This bond also attracted several new investors to our crowdfunding platform, and we hope they enjoy sharing the transformative effects these kinds of investments have on the organizations they support. We also look forward to providing them with more opportunity to invest in ground-breaking and impactful projects over the next few months.“