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Octopus Energy Collective
Posted: Thu Feb 06, 2025 1:03 pm
by dan_b
Looks like Octopus has launched some sort of consumer renewable energy project investment scheme
https://www.octopusenergycollective.com ... collective
Re: Octopus Energy Collective
Posted: Thu Feb 06, 2025 1:21 pm
by Joeboy
Cheers Dan, I've been waiting for this!
Edit, now in the 24hr waiting period. Going for both fans.
Re: Octopus Energy Collective
Posted: Thu Feb 06, 2025 2:00 pm
by nowty
The two initial offerings are buying preference shares in one existing wind turbines which have been operating for around a decade. The targeted return is 6% (not guaranteed) and the payments are dividends and are taxable as income tax. So its a financial investment and not a Coop. After 3 years your shares are targeted to be bought back at same value (not guaranteed). Then the investment ends.
You don't need to be a Octopus customer but if you are you have the option to take a credit on your bill instead of a payment into your bank account but the dividend income tax will still apply (if applicable).
Re: Octopus Energy Collective
Posted: Thu Feb 06, 2025 2:18 pm
by John_S
In the waiting period too.
I think that it is a bit remiss of Octopus to launch these offers when both are them are behind in filing their annual accounts with Companies House, although both are described as "This document is being processed and will be available in 10 days".
Same is true for Octopus Energy Group Limited.
Re: Octopus Energy Collective
Posted: Thu Feb 06, 2025 2:39 pm
by nowty
I've registered SWMBO to avoid the tax, looking at recycling this years FIT and Ripple proceeds.
The 24hr countdown begins.
Re: Octopus Energy Collective
Posted: Fri Feb 07, 2025 1:30 pm
by Joeboy
Well that was easy.
Re: Octopus Energy Collective
Posted: Fri Feb 07, 2025 2:48 pm
by nowty
Disturbingly easy with a QR code straight to my bank and just click.
Re: Octopus Energy Collective
Posted: Fri Feb 07, 2025 3:34 pm
by Joeboy
19mph @ fan1
17mph @ fan 2 the noo.
Will top up next week when back home if any space left.
Re: Octopus Energy Collective
Posted: Fri Feb 07, 2025 5:12 pm
by Tinbum
After the 24hr period was up did you get an email or did you have to try again?
Re: Octopus Energy Collective
Posted: Fri Feb 07, 2025 5:22 pm
by Joeboy
Tinbum wrote: ↑Fri Feb 07, 2025 5:12 pm
After the 24hr period was up did you get an email or did you have to try again?
Log in and click invest. If you are still in the 24hr wait period you'll get a remainder timer. If not you are free to chuck money at it!
