Edinburgh-based Future Renewables Eco PLC (FRE plc) has opened its latest funding phase as the firm looks to increase the number of wind turbines it operates across the United Kingdom and Republic of Ireland. The company’s Phase 4 Bond aims to raise £30million to finance the acquisition of wind turbine sites for construction at more than 20 sites across mainland UK and Northern Ireland leading to further opportunities opening up in the Republic of Ireland. FRE plc was established in 2015 with the aim of delivering a substantial source of income whilst encouraging an ethical and eco-friendly way of generating electricity. The firm is currently focused on medium-sized wind turbines but is also investigating opportunities in solar and biomass. Over £14million has already been raised from previous funding rounds and the company employs eight members of staff here in the capital.
Edinburgh Reporter 1st Nov 2017 read more »