UK-based peer-to-peer finance platform Assetz Capital announced on Friday it has officially provided £30 million in funds for the development of renewable energy projects throughout Britain. The online lender revealed that during the past three years it has funded nearly 40 green energy projects, with the major of projects being dedicated to the onshore wind turbine energy space.
“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.”
Assetz Capital also noted that 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. The lender added it predicts it will be funding a further 50 green energy projects in the next year or two.
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