Scottish company ILI has raised £1.6m through peer-to-peer investment platform Abundance for three pumped storage hydro projects in Scotland.
The company offered investors a fixed 10% return per year for three years.
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This is ILI’s second investment round for the projects. The last round was also conducted using Abundance.
ILI chief executive Mark Wilson said: “We are delighted Abundance investors have again enabled us to reach our investment target and have backed our projects, even in the current political uncertainty surrounding Brexit.”
Abundance has raised £97m for 38 projects involving renewables or social housing over the last six years.