Global Clean Energy Finance gives businesses access to energy-efficient equipment

Businesses looking for relief from rising electricity prices can now rent or lease the latest in energy-efficient equipment.

Low Carbon Australia and Global Rental & Leasing are co-funding asset rental solutions for mid-market enterprises under the banner Global Clean Energy Finance. The finance is designed to assist business, industry and local government seeking to reduce their energy costs through the use of energy-efficient equipment where capital expenditure is restricted.

Low Carbon Australia’s CEO Meg McDonald said the new finance alliance makes it easier for businesses to take advantage of energy-saving equipment now with no upfront capital requirements.

“Offering tailored solutions to each client’s specific financial and operating needs, Global Clean Energy Finance covers upgrades to business necessities such as lighting and air conditioning, behind-the-scenes equipment including building management systems, voltage optimisers and power factor correction and projects that enable on-site power generation,” she said.

Finance is available for energy-efficient equipment upgrades for projects in excess of $100,000.

Global Rental & Leasing CEO Matthew Macdougall said his company understands the growing demand for better, smarter ways of working.

“Technology is changing at a rapid pace. If you’re a business worried about being stuck with obsolete equipment, an asset rental enables you to take advantage of today’s energy-efficient technology now, and tomorrow’s technology in the future,” he said.

Global Clean Energy Finance is designed to assist a range of businesses including those in the education and health sectors, clubs and not-for-profit organisations, local councils, transport and logistics businesses, manufacturers and professional services firms.

Macdougall said Global Clean Energy Finance is an intelligent finance solution that provides greater flexibility for clients because they pay for the use of the equipment over a fixed term and can return the equipment at the end of the term if they have no further use for it.

“Alternatively, clients can purchase the equipment outright, or they can upgrade to newer equipment at any time and change the terms of their agreement,” he said.

Global Clean Energy Finance works with vendor businesses that are Australian owned, provide their own equipment manufacturing and/or distribution, and are supported by in-house project feasibility and delivery services.