Ocean energy pioneer Atlantis Resources has launched a green bond to raise up to £5m ($7m) for use in speeding up development of the “best opportunities” in its multi-gigawatt project pipeline, including several tidal and floating wind plants.
Set up through Abundance Investment, a regulated peer-to-peer investment platform, the proposed five-year bond, expected to close in the current quarter, would underpin a recently-cemented ‘reverse takeover’ deal with Simec Energy to create a new renewables combine, Simec Atlantis Energy.
