Hepburn Wind investment
The people of the Victorian town of Hepburn are attempting to raise approx $8M to set up wind turbines to supply the town’s electricity. This is exactly the type of project that August Investments was set up to support.
Community investment projects in Australia have many hurdles to overcome to raise investment funds. ASIC in particular makes it extremely difficult for any small venture to raise funds and Hepburn Community Wind Farm has been no exception. It has taken us three months to find a ‘loophole’ in the restrictions imposed on Hepburn Wind just to make our own small investment in the community venture. Over 90% of the investment funds have now been raised, funding has been received from the Victorian Government and Bendigo Bank has provided a $3M loan facility.