HDM Energy and Paragon Bank launches a £100 million solar finance scheme
HDM Energies has announced a strategic partnership with the FTSE 250 Lender Paragon Bank. This will lift up to £100 million to support rooftop solar facilities for UK small and medium-sized enterprises (SMEs).
The agreement is a small and medium-sized power purchase agreement (PPA), which two companies describe as the first in the UK’s asset finance sector. The Paragon Bank-backed facility allows businesses to install rooftop solar panels without prepaid costs while accessing fixed-rate energy prices discounted on 10-25 years terms.
“This is a major milestone in our journey to 2.5GW rooftop solar by 2030,” says Dunrogers, founder of HDM Energy.
The scheme includes a complete site survey with HDM energy financing and installation and maintenance of the solar system during the contract period. Customers can pay only the solar energy they use at predictable speeds and benefit from reducing energy costs from day one. The excess energy not consumed in the field is exported to grids around the country.
Rogers said the offer removes capital expenditure burdens and tackles a market that is “not being served by traditional energy providers.” He added that the HDM model is “designed to provide real value to businesses across the country,” citing support from its hardware-providing installation partner and sister company HDM Solar.
Andy Craggs, head of green energy finance, small business lending Paragon BankThe partnership said it reflects the growing demand for clean energy solutions that provide both environmental and financial returns. “Finding a way to unlock clean, sustainable energy in the SME space is essential for the UK,” he said, adding that HDM’s work has already produced “immediate and tangible cost savings” in a variety of sectors, including manufacturing, education and hospitality.
The PPA model is argued by both companies, showing changes in asset finance that align with the national net zero target, from transactional lending to long-term impact-driven partnerships.
“HDM Energies and Paragon Bank Launning £100M Solar Finance Scheme” was originally created and published Lifetime leasea brand owned by GlobalData.
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