How risky are water turbines in Orkney? (Abu)

comparable would be the C***** R********* G********** - you money will be used as development money.
there are different (greater) risks involved than in say refinancing existing electricity/income producing assets - which you can do on the primary market or on the marketplace.  The advantage of the marketplace is that you can buy now and benefit from instant ownership and quicker interest payments.  I will put some money into the Orkney venture but not for a few weeks yet as it slowly fills.
The 12% interest (rolled up I would imagine) is commensurate with the risks involved I would imagine.

Thanks.

I spoke with an Offshore Wind expert. He says that Orkney area has future given the high water velocity there. 
He couldn't really say much about the sort of floating new turbine technology. Very early stage. 
On the other hand it looks like the project (or predecessors) got millions (EU) funding over the years. 

It's a huge placement - I am surprised that they have had so much invested so far - but I think that they have managed to get high net worth individuals and institutions to invest.
It's a shame you can't see who else is investing and how much they are putting in like you could once (maybe still?) see on FundingCircle.

I think I'll wait until it's 90% full before depositing money into it - 12% is a lot less if the loan doesn't drawdown until the new year.

It's actually been shooting up in the last week or so. It was stuck around 60% for ages.

closed now

Good news from this O*****l project.
They have got a plan in place to repay the debentures by the end of June through a mixture of using new investors money and giving the option to existing debenture holders to rollover their investment at a new 6% interest rate. Which doesn't excite me too much but probably reflects the lower risk.
Seems like full steam ahead.

I am unsure if I'll quit while I'm ahead on this - the balloon payment if about 50p interest on every pound I have invested (and bought on the marketplace) makes this quite a big payday.

Agree - the 6% coupon is a little bit low ( a re-occurring theme now on some of the latest Abundance offers). While I think Orbital is a great company and doing exactly the kind of innovation that I'd like to support, then with rising interest rates / inflation this offer is less attractive. Additionally, reading the offer document, the interest is flatlined all the way through the 12 years, and so most interest is essentially back loaded with respect to capital. So for the first 6 years, the interest actually paid comes nowhere near the 6% (~3.4% for Yr1, 3.6% for Yr 2 etc) - you'll have to keep hold of this until the very end of the loan to get the full payback, which is even worse in the coming economic environment.  I have some in my SIPP and in ISA - think maybe I'll re-invest a bit from my SIPP (I can't get the funds out from there yet anyway), but not so sure about what's in my ISA.