Wind investors told to wait for delayed bond payout after ‘sustained attack’ by the Government

By Money Mail Reporter For The Daily Mail

Savers who put cash into a risky energy retail bond have been told they
face a delay getting their money back.

Renewable energy firm Wind Prospect is withholding payments on its
so-called mini bond for three months.

It blamed a ‘sustained attack’ by the Government after it was announced in
the Budget that subsidies to renewable energy farms would be cut. As a
result, Wind Prospect has said it needs to restructure.

Slow: Savers who put cash into a risky energy retail bond have been told
they face a delay getting their money back

A retail bond is a way of firms to raise money to expand or pay off debt.
These mini-bonds are unregulated investments, not listed on the stock exchange.

Savers lent money to Wind Prospect in 2011. They agreed to tie up a minimum
of £500 for four years and were promised 7.5 per cent interest a year plus
their original sum back at the end.