Kinetica 415 Ltd

Burnley, Lancashire

Assetz Capital helped Kinetica 415 Ltd, a subsidiary of Kinetica Energy Ltd, fund the construction and operation of a wind turbine near Burnley.

1,275

£435k

£341

Intro

Kinetica 415 used Assetz Capital peer-to-peer lending platform to raise a £435k loan from our investors to build, connect to the grid and maintain a 225Kw wind turbine on a site near Burnley, Lancashire.

This is one of a series of loans agreed for the Kinetica Energy Ltd. The business already had planning consent and is eligible to receive the Feed-In-Tariff subsidy by the UK Government. They wanted a three-year loan, interest only for the first 12 months, with plans to refinance the loan in the future.

Kinetica 415 Ltd
Kinetica 415 Ltd

Impact

Being one the largest funders for renewable energy projects in the UK, we assessed the viability of the deal and were able to offer a competitive finance rate and LTV that fit in with the timeline of the project.

The loan was straightforward and required a first charge over the borrower’s interest in the property and a first ranking debenture. We are pleased to say the wind turbine has been built and is in operation and this is one of many deals we are working on with Kinetica Energy.

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