DomaCom completes wind farm crowdfunding campaign
DomaCom has announced it has completed its first crowdfunding into Sapphire Wind Farm project which is located in the New England region of New South Wales.
The farm belonged to and was operated by Grassroots Renewable Energy, which is a joint venture of CWP Renewables and Partners Group.
DomaCom’s chief executive, Arthur Naoumidis, said that Sapphire investors would receive a yield of six per cent per annum paid quarterly for 9.5 years on a minimum investment of $1,250.
The community investment component represented just under $1.8 million and nearly 100 investors, the firm said.
“The Sapphire project is further evidence of DomaCom’s capacity to syndicate a variety of investment opportunities across a range of asset types, and further demonstrates the ability of communities to come together to fund projects that they care about,” he said.
“We are delighted that CWP Renewables and Partners Group, a global private markets investment manager, decided to partner with DomaCom for this outstanding project and we look forward to bringing other similar projects to investors and communities in the future”.
AUTHOR
Oksana Patron
Recommended for you
Statutory NPAT at Pacific Current has almost halved in FY25 to $58.2 million as the result of an investment restructure.
Being able to provide certainty about redemptions is worth fund managers pursuing when targeting the retail market even if it means sacrificing returns, according to Federation Asset Management.
Regal chief investment officer Philip King will step down from listed investment company VGI Partners Global Investments after the LIC reported a loss of $17.6 million for FY25.
Real asset commentators have shared what advisers should be considering when conducting their due diligence on the assets and how they can mitigate illiquidity for retail clients.
