Assetz has lent £30m to green energy projects
ASSETZ Capital has channelled £30m in funding to green energy projects in the UK, the peer-to-peer lender announced on Friday.
The Stockport-headquartered firm said it has financed 39 renewable energy projects over the past three years, predominantly in the onshore wind turbine energy sector.
While projects have been located all over the UK, 20 of them have been based in Scotland. A further 11 are based in the North West of England, with the others scattered around the rest of the country.
Assetz Capital predicts that it will fund a further 50 green energy projects in the next couple of years.
“It is very encouraging to see that green energy projects are coming to fruition through alternative finance,” said Stuart Law, chief executive of Assetz Capital.
“Historically they have struggled to gain funds through the traditional banking system, but have now found their place in the P2P market.
“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.”