UK asset finance giant Lombard is six
months into a joint venture with the Sustainable Energy Solutions
(SES) division of international power provider e.on that was set up
in December to offer hire purchase and leasing options for
businesses looking to install low-carbon energy systems.
e.on, which has been involved in wind
energy projects since 1992, set up its SES business in response to
government-set carbon reduction targets, with the aim of providing
carbon reduction technology to corporate and public sector
customers.
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Lombard’s backing has allowed e.on to
reach a wider customer base through eliminating the need for 90
percent of upfront capital investment, and allowing customers to
spread costs over five years with a fixed interest rate.
The partnership offers a hire purchase
option in which customers retain the system at the end of term, and
a finance lease option providing tax advantages and a choice of
renewal or asset return at the close of the agreement.
The collaboration was overseen by SES
division head, Anthony Gallioni, and Lombard business development
director Michael Russell.
e.on, an energy corporation based
in Düsseldorf, Germany, came into existence following the merger of
providers VIAG and VEBA in 2000. It is one of the 30 members of the
DAX stock index of major German companies, and its chief executive
officer is Dr Wulf H Bernotat. In the UK, e.on generates and
distributes electricity and natural gas, as well as offering
bespoke low-carbon systems to businesses and government.
Fred Crawley
