UK, Low Carbon Accelerator Takes Controlling Stake in Proven Energy

Proven Energy Limited, a Scottish manufacturer of small-scale, high performance wind turbines, received a £1.5m funding from Low Carbon Accelerator Limited, a London, AIM Market-listed investment company investing in fast-growing low carbon businesses.
In addition, Low Carbon Accelerator’s existing loans to Proven Energy, totaling £600,000, will be converted into equity. These transactions bring LCA’s controlling stake in Proven Energy’s issued share capital to 81%, with a total equity investment of £9,250,000.
The proceeds will be used to further develop the company’s products and consequently enhance rapid growth in sales.



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