Assetz Capital provides £30m for renewable energy projects
By Tom BelgerAssetz Capital has provided £30m in funds for the development of renewable energy projects throughout the UK
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The news comes as the peer-to-peer finance platform predicted it would be funding a further 50 green energy projects in the next year or two.
Over the past three years, Assetz Capital has funded 39 green energy projects, predominantly in the onshore wind turbine energy space.
The projects are based across the UK with 20 in Scotland, 11 in the North West of England and the others scattered across Britain and Northern Ireland.
Stuart Law, CEO of Assetz Capital (pictured above), said historically green energy projects have struggled to gain funds through the traditional banking system, but he was encouraged to see alternative finance playing its role to support these projects.
“We have seen a strong appetite from investors to support wind turbine and other renewable energy projects, and because we understand the market so well, we are able to provide organisations with the funds they need to build a viable and long-term renewable energy business.
“The demand in Scotland has been particular strong, however, the opportunity for green energy projects can be found all over the UK.”
Assetz Capital’s plans to increase lending for green energy projects comes after it revealed plans to treble lending during 2017.
Keywords: Assetz Capital, Stuart Law, Alternative finance, peer to peer finance, peer to peer platform, commercial finance, green energy, funding for green energy, renewable energy funding,