Subscribe today and receive an extra account for free.
Subscribe
Source: Nova Innovation
December 10 (Renewables Now) - Scottish tidal energy firm Nova Innovation Ltd said on Tuesday it had raised more than GBP 700,000 (USD 919,394/EUR 835,674) through its crowdfunding initiative, well ahead of the initial GBP 500,000 target.
The company launched its campaign on the Seedrs platform at the beginning of November and exceeded its target within two weeks, according to the statement. As a result, it decided to offer additional equity.
As of the writing of this article, the investment already funded amounts to GBP 831,818 for 2.86% of equity.
"We have been overwhelmed by the response, which demonstrates to us the public appetite for new, clean, sustainable solutions to the climate challenge,” CEO Simon Forrest said.
Nova is engaged in the design, manufacturing and operation of underwater tidal turbines. In 2016, it installed a three-turbine offshore tidal array in the Shetland Islands, Scotland.
(GBP 1.0 = USD 1.3/EUR 1.2)
GE to supply substations for 450-MW NnG offshore wind project
Jan 16, 2020 14:21 CEST
Petrofac scores substations deal for Scotland's 1.1-GW Seagreen offshore project
Jan 16, 2020 11:35 CEST
Logan Energy raises GBP 1m to fund Chinese hydrogen JV
Jan 16, 2020 10:24 CEST
Anesco nabs O&M contracts for 71 MW of UK solar farms
Jan 15, 2020 12:21 CEST
Scottish Government rejects 24.5-MW wind plan by ABO Wind
Jan 10, 2020 14:31 CEST
NEC to build 100 MW of storage in N Ireland for Gore Street
Jan 10, 2020 13:11 CEST