A new brokerage service has been launched to help farmers access funding for renewable energy projects.
ReEnergise Finance is offering packages from £75,000 to £5m for projects involving renewable technologies such as biomass, solar, wind or heat pumps, as well as traditional technologies that improve energy efficiency.
Unsecured asset finance, secured commercial loans and individual project finance is available.
“What is apparent is that different technologies require different forms of finance with different terms,” said Adam Hewson, director, ReEnergise Finance. “We believe many traditional lenders are reluctant to back projects that involve the introduction of renewable technologies such as biomass and AD…the trick is finding fit [finance] and working with a partner that will get you the right deal.”