Foresight Group is launching a Smart Bonds Fund to invest in  the UK roll-out of smart meters. The funds raised will generate returns by lending to companies that own, operate and rent installed smart meters to UK energy suppliers.

Investors can take up 1, 2 or 3 year fixed terms for between 4.07% and 4.83%  of interest per annum.
Foresight Smart Bonds Fund Tranche A, the first tranche to be deployed, will remain open to investors until 15 September, and is targeting a maximum fundraise of £10 million.  It has a minimum investment of £10,000 and no maximum, with investors allocated on a first come, first served basis.

Funds managed by Foresight own more than 80 solar farms around the world and 28 energy from waste facilities in the UK, which together have a generating capacity of over 1GW. Foresight Metering was launched in 2016 as a 100% owned subsidiary of Foresight Group.

Further reading

Interview with Foresight’s Dan Wells: “Electricity is in a ‘once in a century’ restructuring”