Albion Ventures set for energy bonds

Venture capitalist Albion Ventures, formerly part of Close Brothers Group, is today launching a new company to invest in renewable energy. Albion Community Power (ACP), which is seeking to raise up to £100m by 2017, wants to produce power for 35,000 homes across the UK. It is set to tap retail investors for £25m each year. It will invest in wind, solar, biogas and biomass.