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Renewable Projects Offering 12.9% Bond Yields

January 11, 2018

By Paul Homewood

 

On offer from an outfit called Renewable Power Projects:

 

 image

https://renewablepowerprojects.com/

 

If renewable assets can offer such generous returns, it really does show how much of a scam the whole renewable business is.

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10 Comments leave one →
  1. Ian Magness permalink
    January 11, 2018 3:49 pm

    Yep, that is SERIOUS junk bond territory.
    One for serious gamblers (with a death wish) only.

  2. Malcolm Bell permalink
    January 11, 2018 3:58 pm

    Clearly a scam about a scam.
    Fools rush in etc. I hope they lose their money.

  3. John, Uk permalink
    January 11, 2018 4:31 pm

    …and Wind and Solar combined currently producing a massive less than…..1% of UK demand!
    http://www.gridwatch.templar.co.uk/

  4. Joe Public permalink
    January 11, 2018 4:33 pm

    Love the confidence-building major selling point: “All our bondholders receive First Legal Charge over our assets”

    Only when entering the site do mugs learn “The Security trustee will act on behalf of the Bondholders in the event of default but cannot guarantee any return of monies invested.”

    • Phoenix44 permalink
      January 11, 2018 4:50 pm

      Not sure why you find that odd? Bondholders get security but cannot be sure to get their money back – completely normal for a high-yield bond.

  5. January 11, 2018 4:39 pm

    I think the energy sold to the grid is worth considerably less than £48.7M. In fact if it were sold on an open market, its value would be £0. In other words, all the income is subsidy (not Government subsidy as claimed) which all consumers have to pay. The assets in reality have no value.

    The advert is grossly misleading, with three out of the four claims being false.

  6. Phoenix44 permalink
    January 11, 2018 4:51 pm

    No, it’s not high yield because they can “afford” to pay it, it’s high yield because that is what their borrowing cost is.

    Nobody offers bondholders higher interest rates than they have to – BP makes billions but (because of) offers bondholders 2-3% (if that).

    • Old Englander permalink
      January 11, 2018 5:28 pm

      The golden rule of bond investing is that high yields are there only to compensate for high risk i.e. the risk you won’t get your money back. Corporate bonds yielding this high are not issued unless there is a “good” chance the company will go bust. Caveat emptor …

  7. Reasonable Skeptic permalink
    January 11, 2018 5:39 pm

    I hope this gets pick up by alarmists. I trust that they will put their money where their mouth is and once they get the results they will have confirmed that renewables are exactly what we say they are money losers.

  8. January 14, 2018 3:42 pm

    Mr. R. E. Hood, for once not stealing from the poor to give to the rich. This time he’s stealing from the rich to give to the richer.

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