Finance and Project Funding
We partner with a range of leading financial institutions that allow us to offer a number of products including operational leasing, minimum term rentals (MTRs) asset finance and power purchase agreements (PPAs) these enable a building owner to use a renewable energy installation without having to buy it. The installation is owned or invested in by another party, usually a financial institution such as a bank. The building owner pays a periodic lease payment to that party usually offset by the benefit or saving of the system installed.
This business model consisting in leasing/financing renewable energy technologies (RET) offers new opportunity for building owners to use RET without having to make an upfront investment. It is applicable to large-scale equipment in commercial buildings and in some cases to small-scale devices for social housing home owners, for instance RET such as photovoltaics and battery. The opportunity to lease/finance equipment may be part of an energy services package. In addition to RET, leasing and financing is available for energy efficiency equipment and installations such as LED lighting, boiler optimisation, HVAC controls and micro-CHP systems.
We also work extensively with Salix Finance Ltd which provides Government funding to the public sector to improve energy efficiency, reduce carbon emissions and lower energy bills. Salix is a non-departmental public body, owned wholly by Government. Salix is funded by the Department for Business, Energy and Industrial Strategy, the Department for Education, the Welsh Government and the Scottish Government (source: Salix website)