Manufacturers now have an increasing array of options for accessing finance that can help them accelerate their decarbonisation and energy resilience efforts, writes Capitas Finance Chief Executive Officer Darren Riva.
In our previous post, we looked at the escalating momentum behind energy resilience for companies everywhere. With wholesale energy prices soaring at the same time many businesses, including manufacturers, are working hard to meet ambitious decarbonisation goals, the benefits of a mixed energy plan and more efficient operations could hardly be clearer.
Unfortunately, this does not mean that devising an energy resilience scheme is a straightforward process. In fact, it can be highly complex and time-consuming to arrive at a plan that works for each individual business. Given how dramatically manufacturers’ energy requirements vary, it’s an area where there can never be a ‘one size fits all’ solution. Then, of course, there is the not insignificant matter of how to finance it all.
Energy solutions finance made easy
It’s no secret that achieving full energy resilience can be expensive, particularly if a company is keen to start generating some or all of its power on-site. But migrating to renewables technologies and installing more energy-efficient motors and drives, as an example, can also be a costly process, especially if the project encompasses multiple facilities and sites.
At Capitas Finance, our entire focus is on encouraging manufacturers to act on decarbonisation and energy resilience by providing specialist energy project finance, backed up with a comprehensive knowledge of the green energy sector. Through a host of funding options, we have helped manufacturers in numerous sectors to accelerate their path to decarbonsation, reduce their energy bills, and reduce their reliance on the gird.
There are several major reasons why Capitas is a great partner for energy resilience projects. First and foremost, our funding model means that we cover both project and asset finance, with zero up-front capital outlay required on the part of the customer. Indeed, our customised financing solutions allow us to fund up to 100% of the total cost of the project.
Crucially, we also deliver payment schemes that are manageable for the long-term. This means that payments are calibrated according to projected energy savings, future budgets, government initiatives and company cash-flow. We can also structure financial solutions that incorporate the cost of ongoing service and maintenance needs once a project reaches the operational phase.
In addition, we can provide finance solutions that support all types of energy resilience measures. So that means we enable everything from replacing outdated lighting to the implementation of large-scale renewable solutions, EV infrastructures and distributed energy schemes. Carefully tailored to suit the needs of each customer, our finance programmes make it possible for manufacturers to maintain their operations, reduce their commercial risks, and remain competitive.
We believe that the results of our efforts in this area speak for themselves. To date, the projects we have funded are projected to save more than £58 million in energy costs and save an estimated 191,373 tonnes of carbon.
With global pressures adding to existing supply cost and decarbonisation challenges, this is now an ideal moment for manufacturers to achieve true energy resilience. In increasingly uncertain times, it really can make a world of difference.
Capitas Finance specialises in financing energy solutions for carbon-conscious businesses and public sector organisations. Our products and services are designed to help you implement sustainable, low carbon technologies and strategies that accelerate the path to decarbonisation, reduce energy bills and reduce reliance on the grid.
To find out how Capitas can work with you, drop us a line here.
