A novel investment platform, enabling consumers to buy shares in green energy projects, has sold out within its first week.
Octopus Energy initially offered investors the opportunity to purchase stakes in two wind turbines via the platform, known as 'the Collective', as reported by .
The overwhelming demand for the scheme led the energy supplier to issue a call on Thursday for other projects to express their interest in joining.
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This indicates a rising public interest in a more democratic funding approach to the energy transition.
The Collective allows investors to directly purchase shares of listed green projects such as wind and solar farms, with investments ranging from £25 to £20,000.
Investors also have the option to link any potential dividends to their energy accounts to reduce bills.
Octopus revealed that hundreds had bought shares in the first two wind schemes, located in Yorkshire and Wales, over the past seven days.
"One in three people we surveyed said they wanted to invest in green power and the response we've seen since launching has been nothing short of electric," said Zoisa North-Bond, chief executive of Octopus Energy Collective.
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"Selling out our first two projects in just a week shows just how much demand there is to reshape and democratise how green energy is funded and owned."
Additionally, she stated: "We're now also inviting other projects to register their interest in listing on our platform to unleash even more public ownership of renewables. By adding more projects onto 'the Collective', we can empower even more people to take part in the clean energy revolution."
With this launch, Octopus Energy becomes the first energy company in the 海角视频 to have a retail investment platform regulated by the FCA.