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Green energy firm nets £7m financing deal from RBS
THE UK’s leading energy efficiency solutions company has secured £7million of backing from the Royal Bank of Scotland.
Anesco, based at Easter Park, in Benyon Road, near Silchester, has signed the finance agreement for its solar ground mount projects.
The working capital debt finance package is a rolling facility that will permit Anesco to draw down finance as it needs it, up to a maximum of £7m.
The company is dedicated to helping businesses, local authorities, housing associations and homeowners to reduce their carbon emissions.
It has managed many of the country’s largest and most complex energy efficiency projects, helping over 14,000 people facing fuel poverty, and generating enough green energy to power more than 10,000 homes.
Chief executive officer Adrian Pike said: “In an environment where banks are readily criticised, we’ve been really impressed by the way RBS and its groups of companies have engaged with Anesco.
“RBS wanted to learn and understand our business models. They showed real knowledge of the sector and provided products that will save the company money in the short term, while providing a platform for us to grow significantly over the next five years.
“As well as this agreement, we are now in discussion about further funds to help us deliver free biomass and commercial solar rooftop installations.”
Roland Emmans, head of the South technology team at Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB), said: “We’re delighted to be working with Anesco, which is a pioneering company in a fast-growing sector.
“It’s a firm that is really going places and we’re pleased to be able to aid its future growth with this innovative finance solution.”
Anesco is approved as a Green Deal Provider and has been recognised as one of the UK’s fastest growing private companies and the seventh-fastest growing clean tech firm in Europe.
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