Case Study
Finance secured for renewable energy SME - Greenio Limited
Finance secured for renewable energy SME - Greenio Limited The customer Established in 2013, Greenio Limited specialise in the installation and maintenance of renewable energy heating and electrical systems. Based in Lincolnshire, its Managing Director Anna Wooster was referred to Close Brothers Asset Finance with a unique challenge. The challengeFor the past four years, Greenio has managed a portfolio of 18 biomass boilers across five sites. Using these boilers, the biomass systems provide renewable energy to their end users. All of the biomass boilers were owned by an investor, who had spread their investment across five SPV limited companies. The investor informed Anna that they wanted to exit their investment on 13 of the boilers at £37,000 per boiler – a total of £481,000. Looking for