Competitive Financing for Renewable Energy

Speedlease supports the financing of new wind turbines and Re-power of existing turbines.

Typically, Funders generally only fund the installation stage and not the pre-planning and consenting stages. This means that the project owner will have to fund the pre-installation stages of the project. 

Assuming the you have the funding in place to cover pre-installation costs, then the approximate terms offered by our funders are typically:

• Normally funding of up to 75% of the total project cost is possible. So, if the total project cost is £1M, a loan of £750k would be available. 
• Precise terms vary, but typically the interest rate on the loan is 3.5% above LIBOR (London Inter-Bank Offered Rate), which currently means an overall interest rate of around 8 – 9%.
• Security is typically required over the asset and the income generated by the turbine. 
• Fees: Most loans have a set-up fee of around 2 – 3%
• Loan terms are typically 5 to 15 years.

Find out more about how we can help you apply for a Wind Turbine Loan. Call us on +44 (0)28 2565 6000 today.