Feature

New biomass heating finance helps business cash flow

Pot of coins

Biomass heating specialists Windhager UK have just introduced a new asset finance package for commercial clients to fund biomass boiler system installations.

Under the new scheme, Windhager UK is working with finance partner Macquarie, a global finance provider, founded in 1969 and operating in 28 countries.
With the need to cut carbon emissions, a biomass heating solution is an attractive proposition to business owners as the systems are carbon neutral, can save as much as 30% in energy costs, and in most cases receive income from the government’s renewable heat incentive (RHI) for 20 years.

Windhager UK’s Managing Director Oliver Duckworth commented: “We are delighted to be working with Macquarie to assist companies with their cash flow when investing in biomass heating systems. Numerous projects are already underway using this scheme, including hotel and care groups”.

Stefano Girolami, Manager of Macquarie Equipment Finance added: “Organising the finance on biomass heating systems is really very straight forward, with credit decisions normally within 24 hours. Macquarie has a wealth of knowledge on Biomass and will take into account the energy savings and RHI payments when considering the funding.

“Finance periods are generally up to 5 years and can be tailored to suit. This funding provides businesses with a much quicker return on their investment and often helps convert a project into a cash neutral or cash positive position from day one.”

The application process for the finance package is very easy. The team at Macquarie work closely with the Windhager UK account manager on any new biomass project. When the business wishes to explore the advantages of financing a scheme, the finance company speaks directly with the customer to discuss the figures. Once finance is agreed, there is no upfront deposit and the customer starts making monthly payments once Macquarie has received the invoice from the supplier of the biomass equipment after delivery and commissioning.

Windhager is the leading biomass boiler manufacturer in Europe and has supplied its systems to many commercial schemes over the last few years up and down the country, these including golf clubs, holiday parks, hotels, farms, schools, veterinary clinics and care homes.

The company offers a range of high quality energy efficient systems from 6.5kW to 300kW output and guaranteed for five to seven years. Popular biomass boilers include the fully automatic wood pellet boilers BioWIN Excel; the split log boiler, LogWIN; and its latest combination boiler DuoWIN which can operate from either wood pellet or split logs.

Various options are available for all Windhager’s biomass boilers including pellet hoppers for automatic feed, sophisticated MES control systems, and the company’s latest innovation, the myComfort app which allows control of boiler systems remotely from smart phones.

Windhager has a network of approved installers across the UK to guarantee installations and commissioning as well as providing after sales service whenever required.