PowerGreen has partnered with asset finance provider Close Brothers Asset Finance to offer bespoke funding for UK businesses installing solar and battery storage.
The collaboration aims to provide UK businesses with tailored financing options for solar and battery storage solutions. This is expected to accelerate the transition to renewable energy within the commercial sector.
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It aims to facilitate the adoption of renewable energy sources by commercial and industrial entities, aligning with the UK’s environmental regulations and carbon reduction commitments.
The renewables team at Close Brothers Asset Finance has developed a customised funding programme specifically for PowerGreen customers.
The programme is designed to provide competitive and flexible finance options for businesses looking to invest in renewable energy infrastructure on their premises.
The adoption of a dedicated renewable energy supply is important for businesses to comply with various norms, such as the Energy Saving Opportunity Scheme, Minimum Energy Efficiency Standards, and the upcoming Carbon Border Adjustment Mechanism set to be implemented in 2027.
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By GlobalDataThese regulations aim to enhance energy savings and reduce carbon emissions.
PowerGreen commercial director Jonathan Plumb said: “Businesses are under increasing pressure to meet ESG deliverables, reduce energy costs, and meet Government targets such as the 2027 carbon tariff. By installing their own dedicated solar system via either a rooftop or ground mount solar scheme they can benefit from a low-cost, dedicated, renewable energy supply.”
Close Brothers sales director Jim Leamon said: “Acting sustainably is an integral part of the Close Brothers Asset Finance strategy, culture and purpose – to help the people and businesses of Britain thrive over the long term.
“The beauty of this agreement between PowerGreen and Close Brothers Asset Finance is it allows businesses access to the finance to realise their green energy ambitions, as well as the expertise to deliver them. Businesses can avoid a hefty upfront investment and spread the cost of paying for a commercial solar or battery storage installation instead.”
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