100% financing package secured by ICE Renewables for GB clients

 For Immediate Release – 27 July 2011

100% financing package secured by ICE Renewables for GB clients

Royal Bank of Scotland and NatWest to provide up to 100% financing on the Vergnet GEV MP 200-275kW range of  medium sized wind turbines.Vergnet GEV MP 200-275kW wind turbines have been approved under the RBS and NatWest new £50m Green Fund scheme.

With over a third of farmers wanting renewables and over a half  of these admitting they need financial support from their banks to invest, this is a welcomed announcement for farmers and small and medium sized business.

“I am delighted to be associated with ICE Renewables and the Vergnet turbine’ says Head of NatWest and RBS Agriculture and Renewable Energy,” Ian Burrow

“We’re serious about being at the forefront of helping UK businesses switch to a more sustainable way of meeting their energy needs,” he said.

“We have nearly 200 relationship managers trained in covering the technical, legal and financial considerations specific to renewable energy. No other bank can offer this depth of knowledge and level of service to small and medium sized enterprises.”

Julian Martin, ICE Renewables CEO and Chair of the Renewable UK Medium Wind Group welcomes the decision,

“RBS and NatWest are one of only a handful of banks who fully understand how the renewables market works and are willing to offer sensible financing for the intial deployment cost of our Vergnet turbine.  We are delighted that with returns on investment being as little as 5 years, funding a medium wind project had become a low risk option.”

Renewable UK say that the medium wind sector is set to increase rapidly over the next three to five years with farmers and business who own land looking to offset their energy costs and start benfitting from the Feed in Tariffs.

ICE Renewables Ltd, market leaders in the Medium Wind Industry and are exclusive GB distributors of the GEV MP 200 – 275 kW range of turbines manufactured by world leading mid size turbine specialists Vergnet.  The first of these turbines are currently being installed in Scotland and Lincolnshire

Ends.

For further information or to arrange an interview with Julian Martin please email emily.martin@icerenewables.com or telephone 01609 749103