Funding & Grants
Expertise in financing renewables
In the course of modelling a solution and estimating the payback period, the issue of how a proposed project would be financed is often raised. Does the expenditure meet capex policy, or will alternative funding methods need to be investigated if the project is to proceed?
For many of our clients - especially the larger organisations - existing relationships with their financial institution remain the preferred source of finance. However, we know that not all finance providers have experience of renewable technologies - although this is changing - and the structure of a given finance deal may be uncompetitive.
In the course of working on a number of projects where clients have sought advice from us, we have established relationships with a number of institutions interested in providing finance for renewable technologies.
These providers are familiar with the residual value of such technologies, and are also comfortable with the non-standard nature of projects, especially wind energy.
If we are requested to provide alternative funding quotations, we will also calculate what the net cost per month will be over the term of the contract; taking into account incomes, savings, Climate Change Levy, carbon trading schemes and subsidies (such as Renewable Obligation Certificates).
Darwind can offer asset and project finance for renewable energy technologies in the private and public sectors. Our financing scope encompasses wind, combined heat and power (CHP), solar photovoltaic (PV), biomass, ground-source heat pumps, anaerobic digestion and hydro technologies.
We can also structure Energy Service Companies (ESCO) and Power Purchase Agreements (PPAs). This involves a third party owning the assets and supplying the energy for a fixed period of time, at a fixed price (or clearly defined scale of charges) per kWh. Local Government initiatives which would fall into this category include district heating schemes such as biomass boiler/CHP plant providing energy to a group of premises.
Other local government initiatives which can be provided under an ESCO or Power Purchase Agreement include the provision of renewable energy to a number of schools in a region. These projects can incorporate any renewable energy technology, tailored to the school. The terms of the energy contract are similarly tailored to the school but grouped into a single contract at local authority level.
This type of project is not confined to the public sector and Darwind can provide similar managed renewable energy contracts to businesses.
Darwind can offer asset and project finance for renewable energy technologies in the private and public sectors. Our financing scope encompasses wind, combined heat and power (CHP), solar photovoltaic (PV), biomass, ground-source heat pumps, anaerobic digestion and hydro technologies.
We can also structure Energy Service Companies (ESCO) and Power Purchase Agreements (PPAs). This involves a third party owning the assets and supplying the energy for a fixed period of time, at a fixed price (or clearly defined scale of charges) per kWh. Local Government initiatives which would fall into this category include district heating schemes such as biomass boiler/CHP plant providing energy to a group of premises.
Other local government initiatives which can be provided under an ESCO or Power Purchase Agreement include the provision of renewable energy to a number of schools in a region. These projects can incorporate any renewable energy technology, tailored to the school. The terms of the energy contract are similarly tailored to the school but grouped into a single contract at local authority level.
This type of project is not confined to the public sector and Darwind can provide similar managed renewable energy contracts to businesses.