ENP Newswire -
Release date- 25062014 -
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The investment announced today will help small businesses across the country to save money. Energy is a significant cost for any company, and putting in place energy efficiency measures will have a real impact on these organisations' bottom line. The funding model means that they won't need to find the capital upfront, and can pay for the capital costs from the savings they make on energy bills. Energy efficiency makes good commercial and environmental sense.
Smart Energy Finance is the first dedicated commercial finance vehicle providing funding solutions for
The investment announced today is expected to fund up to 20 projects and could eventually build a portfolio of up to
The funding model means businesses will start saving money from day one, with an immediate reduction in their energy bills of around 20%.
GIB's investment is being made by the SDCL-managed fund,
Business and Energy Minister
This is a welcome investment that helps small businesses and shows that going green isn't just about building offshore wind farms or new energy plants. Any good business should want to become more efficient and saving on energy costs makes good business sense.
For a long time we have been seeing high quality dealflow for energy efficiency projects for small commercial premises. These include biomass boilers, lighting retrofits, and other efficiency retrofits. However evaluating and structuring bespoke small energy efficiency investments into the SME sector is a challenge for investors. ReEnergise offers a unique combination of experience and energy efficiency sector knowledge to allow us to deploy capital quickly and efficiently and we look forward to working with
We are delighted to have invested into SmartEnergy Finance alongside SDCL and the
We are delighted to welcome SDCL and through them the
Following the announcement yesterday of its 2013/14 annual results, GIB is today hosting an Annual Review meeting in
The company is not authorised or regulated by the
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