PowerGreen, the commercial arm of Renewable Connections, has entered a strategic partnership with Close Brothers Asset Finance to fund solar and battery storage solutions for UK businesses.

The collaboration will focus on facilitating UK businesses to acquire solar and battery storage solutions.

Close Brothers Asset Finance's renewables team has devised a tailored funding programme specifically for PowerGreen's clientele interested in implementing solar or battery storage systems on their premises.

Close Brothers Asset Finance will work with clients to provide asset finance options that are competitive and adaptable.

PowerGreen commercial director Jonathan Plumb said: “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.

“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.”

Close Brothers sales director Jim Leamon 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.”

PowerGreen offers a full range of services, including design, planning, construction, and maintenance, for creating customised renewable energy solutions for commercial and industrial clients.

The provision of a dedicated renewable energy source is instrumental for businesses in complying with statutory obligations such as the Energy Saving Opportunity Scheme (ESOS), Minimum Energy Efficiency Standards (MEES), and impending carbon reduction targets set by the Government's Carbon Border Adjustment Mechanism (CBAM), which is expected to be implemented in 2027.

"PowerGreen and Close Brothers Asset Finance sign renewable energy finance agreement" was originally created and published by Leasing Life, a GlobalData owned brand.