Peer-to-peer (P2P) finance platform Assetz Capital has provided GBP30 million in funds for the development of renewable energy projects throughout Britain.
With dedicated specialists in the green and renewable energy market, during the past three years, Assetz Capital has funded 39 green energy projects, predominantly in the onshore wind turbine energy space.
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 Britain and Northern Ireland.
Traditionally funding for wind energy projects has been hard to come by, however P2P finance has opened the door to providing the funds needed to help switch British energy consumption to renewable energy.
Assetz Capital predicts that it will be funding a further 50 green energy projects in the next year or two.
Stuart Law, CEO of Assetz Capital, says: "It is very encouraging to see that green energy projects are coming to fruition through alternative finance. 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. The demand in Scotland has been particular strong, however the opportunity for green energy projects can be found all over the UK.”
Founded in 2013, Assetz Capital is now the fifth largest P2P platform in Europe, and one of the fastest growing in the market. It is one of only two Defaqto “5 Star” rated P2P platforms, with investors having earned gross interest of more than GBP19 million in just over three years. More than GBP100 million was lent to British SMEs in 2016.
