Bond Refinance

To our existing bondholders and to new bondholders and members.

Our Barnsley Solar Bond (Series I) paid 5% per annum for its’ first five year term. Our Series II Solar Bond (2021 to 2026) is a projected 4% interest per annum. The subscription for the Series I bond was £800,000. The subscription for the Series II bond was £1.7 million with the increased capital by the community enabling Energise Barnsley to repay the Charity Bank loan which initially financed the original 2016 project. The Charity Bank loan was a £1.2 million variable loan, with £300,000 of principal repaid, prior to redemption.