PowerGreen and Close Brothers Asset Finance to partner

PowerGreen, the commercial division of Renewable Connections, the award-winning renewable energy developer, has teamed up with leading asset finance provider, Close Brothers Asset Finance, in an agreement that will benefit businesses in the UK seeking solar and battery storage solutions. 

The dedicated renewables team at Close Brothers Asset Finance have created a bespoke funding solution for PowerGreen customers interested in installing solar or battery storage on their properties. 

“Every business is different in terms of their energy requirements and budget, and working together with Close Brothers Asset Finance, we can offer affordable solar and battery storage solutions for commercial and industrial clients across the UK,” commented Jonathan Plumb, Commercial Director at PowerGreen.

“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.” 

Jim Leamon, Sales Director at Close Brothers 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,” he added.

Close Brothers Asset Finance works with clients to offer competitive and flexible asset finance options.  PowerGreen deliver the end-to-end service that takes care of all the design, planning, construction and operational elements of creating a dedicated renewable energy supply for commercial and industrial businesses.

A dedicated renewable energy supply can support businesses to meet obligations such as the Energy Saving Opportunity Scheme, (ESOS), Minimum Energy Efficiency Standards (MESS) and required carbon reduction levels under the Government’s Carbon Border Adjustment Mechanism (CBAM), which comes into force in 2027.