Green investments across the world
saw a decline in 2009, but 2010 should be a totally different
story, with a major push expected to come from December 2009’s
Copenhagen summit.
Preliminary figures from international
renewable energy consultancy New Energy Finance showed that in
2009, global investments in clean technology (via project finance,
asset finance, etc) dropped from $155 billion (€106 billion) to
between $105 billion and $115 billion, following the shortage of
debt finance caused by the banking crisis.
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Although banks have mainly offered a
combination of project and asset finance for wind turbines, sea
pumps and solar-thermal panels, experts see scope for leasing to
play a bigger role in the future. Earlier this year, Steve Moore,
relationship manager in the UK for ethical bank Triodos, said
“there is definitely a gap in the finance market for projects
costing between £5,000 (€5,600) and £100,000”, adding he saw “an
opportunity for lessors to step into that market”.
As far as the UK is concerned, another area
where leasing could be increasingly important involves anaerobic
digesters.
Compass Business Finance is a pioneer in this
sector. Its director Bruce Nelson believes that anaerobic plants,
despite being limited in the UK, should be more popular in 2010.
They would be financed with a mix of structured finance and
leasing, providing another market for funders looking at ways to
innovate their business.
Antonio Fabrizio
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