A new asset finance broker has been launched
in the UK to help fund businesses’ renewable energy projects.
ReEnergise Finance, a division of Surrey-based
consultancy ReEnergise Group aims to specialise in funding
small-scale – £75,000 to £5m – green energy improvement programmes
for companies that are not able to access funding from banks.
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ReEnergise plans to raise finance from 10
non-mainstream banks to channel to companies for renewable energy
assets such as wind turbines, anaerobic digestion plants, solar
photovoltaic (PV) systems and biomass systems using a combination
of asset finance, commercial loans and project finance.
The firm is already working on several
projects and claims to have ‘dedicated and insider knowledge’ in
sustainable energy, gained since the consultancy opened in October
2010.
Adam Hewson, director of ReEnergise, told
Leasing Life: “The main issues for funding have been
microgeneration and energy efficiency. We are aiming to bridge the
gap between organisations that want to lend money and businesses
that want to invest in green energy technologies.”
He added: “In reality, finance is available in
the UK for renewable energy; the trick is finding it and working
with a partner that will get you the right deal. Government schemes
are available but you have to have invested in energy equipment to
qualify.”
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By GlobalDataReEnergise also plans to enter European
markets. Hewson said: “Europe is a very interesting place to get
involved with – particularly Scandinavia and Germany. Their
renewable energy sectors are generally more advanced.”
