CBD Energy, the Australian-listed renewable energy developer, has launched a new investment bond that will help fund the development of solar and wind generation sites within the UK.  

Energy Bonds, a subsidiary of CBD Energy, will offer bonds with a four-year term that pay interest quarterly at a fixed rate of 7.5 per cent.

The offer period will run from 1 June 2013 until 2 July 2013, or will alternatively close as soon as the bond target of £7.5 million ($11.4 million) is reached.

"We believe the bonds will help to bring new renewable energy generation to a wider audience and that the offer represents a compelling investment opportunity for the growing numbers of people who recognise the need to develop new, cleaner energy sources," said Gerry McGowan, executive chairman and managing director of CBD Energy.

On 3 June in London, CBD Energy is holding a round table discussion on investment in the renewable energy sector that will be joined by Robert Kennedy Junior on a link from the US, with McGowan chairing proceedings.

CBD Energy is currently in the process of merging with US-listed renewable energy firm Westinghouse Solar.