Renafin

At Renafin we provide debt finance for renewable energy projects. Our primary focus is UK based, medium wind, on-shore wind turbines but we will consider a range of technologies including Anaerobic Digestion and Solar PV. Recognising the need for tailored finance options for both developers and manufacturers, we have put together a comprehensive and competitive range of products.

A combination of rising energy prices, decreasing alternative energy costs and broad government support is driving the high growth of the alternative energy industry and Renafin is ideally placed to support this high growth sector. Our highly experienced team combines expertise in both major project finance deals and the renewables industry and we will work closely with you to identify the best possible option for each development.

About Renafin

Renafin provides access to a range of finance options for renewable energy projects including medium wind, Anaerobic Digestion and Solar PV developments. In the wind sector we focus on UK based, on-shore turbines ranging in size from 50kW to 1.5MW.

We not only provide access to significant project finance, we also bring extensive experience in the management of such projects. We will consider a wide range of developments, provided they have planning approval or are already grid connected.

With the introduction of the Feed-In Tariffs in April 2010, rising energy costs and a continued focus on renewables as an energy source, wind energy offers an excellent investment opportunity. At Renafin, we work closely with our clients to ensure that they obtain access to the best possible finance option, enabling them to maximise their return on investment.

The ability we have to tailor our products to best match your funding requirements is unrivalled in this sector of the renewables market, making Renafin the obvious choice when seeking project finance.

About CNC Asset Finance

Charley Grimston BA

After a successful career in the British Army, Charley returned to civilian life in 1983, joining the insurance industry at Willis Faber's Reinsurance Division serving European and Lloyd's of London Market clients.

By 1991, Charley had set up Grimston Insurance Services to specialise in designing and implementing bespoke insurance programmes for lenders, financial insurance and reinsurance broking with emphasis on non-traditional coverage.

Always an entrepreneur, Charley then formed Hambro Conning Grimston (HCG) in 1993. This was a joint venture with Conning & Co, a US investment bank specialising in the insurance sector, JO Hambro, a UK investment bank and Grimston Investments. HCG Lloyd's Investment Trust was floated on London Stock Exchange, the first quoted underwriting vehicle. Charley was a founder member of Lloyd's Corporate Capital Association, a trade association representing quoted Lloyd's underwriting entities.

In 1999, Charley returned to a full-time focus on Grimston Insurance Services, where he continued his innovation. The result has been, amongst others, the CNC family of companies, including CNC Asset Finance and CNC Asset Management. Common threads through these companies are through their involvement in complex indoor and outdoor industrial machinery from a finance and insurance perspective. Their expertise in this area can be seen by examining their client base which includes Her Majesty's Government and other notable global companies.

Charley has developed a special interest in renewable energy and in 2011 formed an international trade association for old Etonians involved in the sector. Charley is also a member of a consortium established under the Marine Alliance for Science & Technology for Scotland formed to research suitability of sites for tidal and wave energy development.

Ewen Cameron MBE

Ewen has been working in the business finance industry since 1993 and has gained extensive industrial and commercial experience at senior levels. Since 2010, Ewen has been the Managing Director of CNC Asset (Midlands) Ltd where his area of operation includes Northern Ireland and Eire. The specialisms that Ewen has followed under the CNC banner include renewable energy asset finance.

Alongside CNC Asset Finance ( Midlands ) Ltd, Ewen has been a Regional Director in the ASC Group operating his own commercial finance consultancy for nearly twenty years. Through hands on practical business and courses, Ewen has achieved an in depth knowledge of commercial funding and leasing.

From 1995 until 2002, Ewen was a Director of Tectonics Construction Limited, a company specialising in the build of industrial units where he was responsible for strategy, co-ordination of operations and financial management.

Ewen's first career was as a regular officer in the Army where he had an outstanding career with appointments which included several years attached to the US Army. For his work in the USA, Ewen was awarded the US Meritorious Service Medal. Following his last services job, Ewen was awarded the MBE for his work planning and managing special events in the UK and overseas. Ewen retired as a Lieutenant Colonel.

Among the many financial and military courses Ewen has benefitted from was a year long military electrical and mechanical engineering technical course which has come into its own whenever Ewen has been required to understand any machinery being financed.

Financing Options

We offer intelligent brokerage for a wide range of financing options. By using our lengthy experience and expertise we are able to propose finance and refinance arrangements that best match the long term needs of our clients. And being backed by a large pool of funding providers we can make sure to get the best terms from the market.

New Asset Financing

• Lease - a rental agreements giving your organisation (the lessee) the right to use an asset owned by the finance provider (the lessor) for a specific period of time in return for regular payments.
• Lease Purchase - the same as a lease but offers the option to purchase the asset at the end of the lease period.
• Hire Purchase (HP) - behaves like a combined loan and lease. The lender acquires the asset and permits your organisation to use it while you make the regular payments.
• Marine Mortgage - a long-term loan which is registered in accordance with the Merchant Shipping Act 1993 wherein the marine asset (but not any share thereof) is the security for a loan to purchase itself.
• Aircraft Mortgage - a long-term loan which is registered with the Civil Aviation Authority wherein the air asset is the security for a loan to purchase itself.
• Regional Business Investment Grants - assistance in constructing a successful application.

Refinancing Existing Assets

• Sale and Lease Back - your organisation sells an owned asset to the finance company for an agreed value and then leases it back.
• Sale and Hire Purchase Back - the same approach as Sale and Lease Back, but using a Hire Purchase agreement in place of the lease back.
• Loan and Chattel Mortgage - a fixed charge over an asset (excluding freehold land) used as security against which the finance provider can advance money.

Cash Flow Improvement

• Invoice Discounting (Factoring) - a method of raising cash without regard to physical assets. This is a very useful approach for an organisation which can't (or doesn't want to) pledge fixed assets to secure other forms of finance. Two landmark legal cases (known as "Brumark" and "Spectrum") have influenced decisions in this area. If you'd like more detailed information, call us and speak to one of our experts.