Green energy supplier Good Energy has raised £3.1m from its latest share offer as it aims to increase its number of customers five-fold by 2020.
Good Energy said the majority of the 2,000 individual applications for shares were from its customers.
Funds raised through the share offer will be used to boost Good Energy’s generation of 100% green energy by increasing its number of solar and wind sites. 
Good Energy, which has 220,000 customers, owns Delabole Wind Farm in Cornwall – the UK’s first commercial wind farm – and owns and operates Hampole Wind Farm, near Doncaster. It also owns and operates seven solar farms.
Investment will also go into new systems to improve customer service and build a platform to reduce customer acquisition costs.
Good Energy founder and chief executive Juliet Davenport OBE said the share offer – which was oversubscribed – was a strong signal that renewable energy remained an attractive investment.
“We’ve gone back to our roots by inviting customers, bondholders and shareholders the opportunity to invest and once again there has been a real appetite from them to get involved. I’m very pleased to see so many of our customers backing Good Energy once again. Customer-ownership is a big part of our ethos.”
It was Good Energy’s most successful share offer since the firm was admitted onto the London Stock Exchange’s AIM market in 2012.
The company has 220,000 customers and aims to grow to one million customers (household equivalents) by 2020.
The new shares have diluted Ms Davenport’s holding in the company from just over 4% to 3.61%.
