Hometree, the UK leader in home decarbonisation, has secured a £250m debt facility from Barclays to finance more than 28,000 residential solar panel systems, batteries and heat pumps across the UK over the next two years – the first residential renewables securitisation in the UK.
Hometree is a home energy services platform on a mission to accelerate the decarbonisation of homes, providing insurance, maintenance and finance for sustainable energy solutions such as heat pumps and solar panels. The DN Capital team led by Guy Ward Thomas first backed the business in 2017, before its Series A.
The securitisation model has proven highly effective in the US in providing the financing residents need to install renewable energy solutions in their homes, driving the uptake in these technologies. We’re looking forward to working with the team on their continued journey to improve sustainability in the UK by making it easier for residents to install renewable energy systems in their own homes.
Congratulations to Simon Phelan, David Maclean the rest of the Hometree team!
You can read more details in the Financial Times piece here: https://www.ft.com/content/f9ad4a6d-4958-40e4-9afb-80141e45e3d6
